Xpeng aims for L4-like smart driving experience in China by 2025, 1st Mona model to debut in Jun
Xpeng will spend RMB 3.5 billion ($480 million) in 2024 on R&D of AI technology around smart driving and recruit 4,000 new professionals.
Li Auto Q1 2024 earnings call: Live updates
Li Auto said it won't release any all-electric SUVs this year; they'll be released in the first half of next year. It said in its last earnings call that it would release three all-electric SUVs in the second half of 2024.
Li Auto sees net income fall in Q1, guidance for Q2 misses expectations
Li Auto guides for second-quarter vehicle deliveries to be in the range of 105,000 to 110,000, meaning it expects to deliver a total of 79,213 to 84,213 vehicles in May and June.
SAIC, Audi formally sign tie-up deal, 1st jointly developed EV due to hit market in 2025
SAIC and Audi are combining their resources to jointly develop a series of EV models, with the first product expected to go on sale in 2025.
Nio, Xpeng taking longer to pay supplier bills, report says
At the end of 2023, Nio was taking about 295 days to clear receipts payable, and Xpeng 221 days, compared with 197 days and 179 days, respectively, in 2021, according to Bloomberg.
Xpeng sees more collaboration with other carmakers as long-term trend
Xpeng will offer its autonomous driving and EV technology to other automakers, allowing the company to generate a new stream of revenue, its vice president Brian Gu said in an interview with the South China Morning Post.
Some employees at Li Auto Beijing plant reportedly taking extra break as Li Mega sales remain weak
Thousands of completed Li Megas are currently parked in the parking lot of Li Auto's Beijing plant, according to local media.
Xpeng G6, X9 debut in HK, local deliveries to begin in Q3
The Xpeng G6 debuts in Hong Kong at a starting price of HK$299,900 ($38,440), with the first deliveries of the right-hand drive version expected in the third quarter.
Gotion shows tech muscle with launch of new batteries, announces foray into all-solid-state
Gotion has launched the G-Current, which supports ultra-fast charging, the Stellary Battery, a large cylindrical battery, and announced the Gemstone, an all-solid-state battery.
Onvo will contribute positively to Nio's 'P&L' when it reaches 20,000 monthly sales, William Li says
Li said this in response to a question about Nio's sales expectations for Onvo's first model, and used English when referring to 'P&L'.