Tag: $Xpeng

Self-driving taxis won’t be a significant business for at least five years, Xpeng Vice Chairman and Co-President Brian Gu said Thursday.

Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company’s CEO.

Another month, another record for Chinese battery electric vehicle sales.

Deliveries at Chinese battery electric vehicle makers Li Auto , XPeng , and NIO set a record in November.

NIO reported deliveries of 16,074 vehicles in October, up from 10,059 units delivered in October 2022. In September, NIO delivered 15,461 units

Chinese electric-vehicle delivery numbers were released just as September begins. They are key for many EV makers, including leaders Tesla +0.46% and BYD 1211 +0.41% . They are also key for investors who want to see strong demand.

Chinese electric car company Xpeng said Monday it is buying Didi’s smart electric car development business in an exchange of shares worth $744 million.

Chinese EV maker Xpeng expects cost cuts and its Volkswagen partnership to boost the firm’s bottom line, its co-president told CNBC on Monday.

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker’s shares down more than 7% in premarket U.S. trade.

Early results for Chinese electric-vehicle deliveries have been released. They were excellent. That’s a positive for Tesla , BYD , and other auto makers selling battery-powered vehicles in the world’s largest new car market.

Shares of Chinese electric vehicle firm Xpeng dropped on Wednesday after the company reported earnings that missed expectations and forecast a plunge in car sales.