Xpeng Q2 earnings: Deutsche Bank's 1st look
Xpeng reported second-quarter earnings today, and Deutsche Bank analyst Edison Yu's team provided their first impressions.
Xpeng Q2 earnings: Revenue rebounds, gross margin falls to negative, loss hits record
Xpeng guided for vehicle deliveries in the range of 39,000 to 41,000 units in the third quarter, meaning it expects to deliver a total of 27,992 to 29,992 vehicles in August and September.
Spy shots reveal model allegedly under Nio sub-brand Alps
This is the first time that spy shots of an Alps model have been revealed since Nio confirmed in August 2021 that it will enter the mass market through a sub-brand.
Nio's 1st 3rd-gen swap station in Europe goes live in Sweden
The battery swap station is located in Stockholm, Sweden, and also offers Nio's latest 500-kW ultra-fast charging piles.
Tesla Shanghai may mass produce revamped Model 3 next month, report says
Tesla is in the final stages of producing display vehicles that will be shipped to Tesla showrooms later in August, with mass production expected to begin in September, according to Bloomberg.
Nio offering $3,280 discount on ET5 inventory cars, report says
The ET5 Touring is priced the same as the regular ET5 and the new ES6 is priced attractively, influencing potential ET5 customer's intention to buy the car, according to local media.
Nio rebrands ET5 Touring as ET5T to target larger family market
Nio has repositioned the ET5 Touring to expand the model's user base by targeting the larger family market rather than the touring segment.
Xpeng denies after rumor that it will buy Maserati creates buzz
Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.
BofA further raises Nio price target, expects deliveries of 20,000-21,000 per month in Aug and Sept
Nio's vehicle deliveries in August and September are expected to be 20,000-21,000 units per month due to auto parts constraints, but parts supply will improve in the fourth quarter, BofA said.
BYD officially unveils Fang Cheng Bao brand, DMO platform to target off-road market
Fang Cheng Bao's first model, the Bao 5, will make its real-life debut on August 25 at the Chengdu auto show. In addition to the Bao 5, BYD today unveiled the Bao 3, and the Super 8, a concept for the Bao 8.
