Phate Zhang

The two sides plan to further strengthen communication and reach arrangements as soon as possible within a framework that is consistent with their respective laws.

This comes less than 20 days after Sunwoda made an announcement revealing its last 30 GWh battery project.

Xpeng scaled back its 3,000 kWh per year free charging entitlements to 1,000 kWh on August 1 of last year, and now they're getting scrapped altogether.

Xpeng is a strategic cornerstone funder as Rockets Capital closes its first round of funding for its inaugural US dollar fund, raising more than $200 million.

The price range for these budget models is RMB 29,900 - RMB 81,900, and the increase is close to 10 percent for several models.

Xpeng's entire model lineup will see price hikes starting March 21, with the P7 going up by RMB 20,000 ($3,152) and the P5 and G3i both going up by RMB 10,000, local media said.

The entry-level Model Y, which was left out of the price hike two days ago, is now seeing a price increase as well.

Xpeng has started to push the latest version of Xmart OS 3.1.0 to all P5 vehicles, bringing VPA-L, the first LiDAR-enabled feature that allows memory parking across floors.

Two-day Giga Shanghai shutdown means about 4,000 units of production lost.

The Chinese government's expression of support for capital markets on Wednesday continued to give a boost to heavily sold Chinese assets.