Phate Zhang

The Leapmotor Lafa 5 will be officially launched on November 28, competing against models including the Volkswagen ID.3, SAIC MG4, and Nio's Firefly EV.

"Other companies in the West are weak," Musk said.

China's market regulator is discussing how to define false marketing, with a crackdown on exaggerated and false marketing in the auto industry likely next.

The Mona M03 contributed 42.14 percent of Xpeng's deliveries in the first nine months of this year.

Firefly is deepening its market penetration in Europe, North America, and Asia, it said, revealing for the first time its market expansion efforts will include North America.

The X9 EREV marks Xpeng's first hybrid car, with the company planning to introduce more such models to target higher sales.

Representatives from several Chinese automakers visited CATL headquarters to secure battery capacity before the rollback of NEV purchase tax incentive.

"Tesla's robot can't even do this -- how could Xpeng possibly make it?"

As of press time, WeRide fell 12.18 percent and Pony AI dropped 13.96 percent.

Xpeng aims to achieve mass production of advanced robots by the end of 2026.