Phate Zhang

Xpeng Motors announced on Sunday that its new sedan, the P5, will be officially launched on September 15, about two months after the model went on pre-sale.

Nio today put nine new battery swap stations into operation, bringing the total number of its facilities in China to 400.

This confirms previous rumors that Li Auto will abandon its current range-extender supplier.

Geely's premium electric vehicle brand Zeekr entered into a share purchase agreement on August 27 with five investors, including CATL, Bilibili-related investors and Intel Capital.

Edison Yu's team maintained a Buy rating on Xpeng and raised their price target by $1 to $51 to reflect their higher expectations for the company's future deliveries.

As the Zhaoqing factory further releases capacity, Xpeng is expected to reach 15,000 units delivered in a single month in the fourth quarter.

They made suggestions around supporting the accelerated development of the industry and the achievement of the carbon-neutral goal of the automotive industry's carbon peak.

Xpeng Motors reported revenue of RMB 3.761 billion in the second quarter, beating market expectations of RMB 3.436 billion.

The first Model Y Standard Range models were delivered to customers in Beijing on August 26, a month and a half after the model opened for pre-orders on July 8.

The update became available in Apple's iOS App Store in China on August 26, and the biggest change that can be seen after the update is that the entire user interface has been redesigned.