Xpeng

Xpeng resumed double-shift production at the Zhaoqing plant in mid-May and will accelerate deliveries to meet customer demand.

Xpeng expects second-quarter revenue of RMB 6.8 billion to RMB 7.5 billion, below market expectations of RMB 8.33 billion.

Xpeng has added a beige and a pink color option for the G3i, saying "these romantic new colors offer endless imagination."

Deutsche Bank analyst Edison Yu's team lowered their price target on Xpeng by $2 to $53, taking into account slightly lower expected sales.

Dismissing an offer or laying off employees is normal for a company, but in China, things get delicate when it comes to groups that are considered disadvantaged.

Tiger Global increased its stake in Xpeng by 120.33 percent and in Li Auto by 167.35 percent in the first quarter. The fund does not own any shares of Nio.

Xpeng is trying to add new appeal to the G3i to gain more popularity with younger customers.

Xpeng's move is expected to further increase the penetration of NGP and accelerate the unification of assisted driving hardware and software.

To date, a total of 23 companies have been added to the conclusive list, and another 105 are on the list of companies facing possible delisting.

Xpeng has been and is continuing to actively navigate through the Covid situation, which in turn is affecting the overall supply chain in China, it said.