Phate Zhang

Xpeng Motors has received approval from the Hong Kong Stock Exchange to list there, raising $1.1 billion in capital, the South China Morning Post reported Wednesday.

Its performance is more powerful than Tesla's Model S Plaid, which has just begun deliveries, with a 0-100km/h acceleration time of 2.1 seconds and a top speed of 322km/h.

After shaking off the effects of last year's Covid-19, deliveries by China's major new car makers have all come to normal levels, putting them close to last year's full-year deliveries for the first five months.

The new vehicle will ditch the 1.2T three-cylinder engine from Harbin Dongan Auto Engine in favor of a 1.5T four-cylinder engine from Xinchen China Power.

China's new energy vehicle companies are introducing silicon carbide (SiC) technology, and after BYD, Nio is set to become the second local company to use this technology.

Xpeng Motors announced Tuesday that it will officially become an official marketing partner of the NBA China, making it the first smart car brand to join forces with the NBA China.

BYD said it will officially announce the name on Tuesday, and more information can probably be expected.

In a report earlier this month, CICC said the Nio ET7 will still be the most advanced model in the global automotive market in terms of smart hardware configuration when it is delivered.

Nio said Monday that hiring for the class of 2022 is officially underway and will offer more than 300 positions in areas including autonomous driving, digital technology, vehicle development, smart hardware, design, and quality management.

BYD Semiconductor said this is due to the rising cost of products due to tight upstream production capacity and upward price adjustments from suppliers.