Xpeng

Earlier today, a rumor that Xpeng would acquire Maserati spread widely on Chinese social media.

Deutsche Bank expects Xpeng to report mixed results for the second quarter, while the outlook for the third and fourth quarters will show meaningful sequential improvement driven by a strong G6 order book.

Before the G6's significant capacity ramp-up, the P7 continues to be Xpeng's most delivered model, contributing 44.58 percent of deliveries in July.

Xpeng delivered 23,205 vehicles in the second quarter, exceeding the upper end of the company's guidance range of 21,000 to 22,000 units.

"I don't want to build a China-only company, I want to build a global company," Xpeng CEO said.

Xpeng CEO said the company has been preparing for the transition for nearly a year, and that its goals for XNGP remain unchanged.

Xpeng's vice president of autonomous driving, Wu Xinzhou, is rumored to be leaving the company and is set to join US chip giant Nvidia.

Strong sales of the G6 drove a surge in showroom visits, which in turn increased customer enthusiasm for other Xpeng models and the smart technologies they come with, the company said.

Volkswagen's deal with Xpeng could be the first of many strategic partnerships between global automakers and Chinese EV startups, Morgan Stanley said.

It's another sign that China's auto industry is changing rapidly and becoming hyper competitive, forcing major changes at traditional OEMs, Edison Yu's team said.