Xpeng P7

A recent price cut on the China-made Tesla Model 3 has sparked a lot of discontent among new car owners. Seemingly in response, the company's local rival, Xpeng Motors, has taken the opportunity to introduce a price protection scheme for owners.

Tesla's Chinese rival Xpeng Motors said on October 4 that it delivered 8,578 vehicles in the third quarter, up 266 percent year on year and a new high for quarterly deliveries.

Tesla's Chinese rival Xpeng Motors said the Guangzhou Development Zone Management Committee has agreed to provide it with 4 billion yuan in financing to help it establish a manufacturing base in Guangzhou and fuel its expansion.

Shares of Xpeng, Tesla's Chinese rival, jumped more than 6% Tuesday after JP Morgan analysts initiated their coverage of the stock at the equivalent of buy with a price target of $27. 

The NCM811 battery made by Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, has attracted much attention in the market since its launch in 2018. However, frequent media reports of spontaneous combustion in EVs loaded with the battery in recent days have brought the safety of the 811 battery to the spotlight.

Huami Technology announced on Thursday that the Amazfit GTR, Amazfit GTS are now available to unlock the Xpeng P7, an electric sedan made by Chinese EV maker Xpeng Motors.

Alibaba-backed Xpeng Motors, which recently went public in the US, announced the launch of a new battery leasing service.

On August 27, Alibaba-backed EV maker Xpeng Motors went public on the New York Stock Exchange, raising $1.5 billion, making it the largest Chinese IPO in the US since Pinduoduo.

Chinese electric vehicle company Xpeng Motors has filed with the US Securities and Exchange Commission that it plans to issue 85 million ADSs in a proposed IPO on the New York Stock Exchange.

Chinese EV maker Xpeng Motors, backed by Alibaba and a major rival of Tesla in China, has filed for a US IPO and is expected to list on the New York Stock Exchange under the symbol "XPEV" as soon as August.