Peng S News Today

Xpeng Future Plans: Multiple Xpeng models will go on sale in the five Middle East and North African countries starting in the second quarter of this year, the company said in a statement on its WeChat account.

Xpeng, which is among Chinas top 20 best-selling EV makers, has been upgrading its advanced driver assistance software and has said it plans to make all of its functions available to drivers across China by 2024, as it seeks to gain an edge over U.S. rival Tesla.

Xpeng Sales: The Chinese electric vehicle-maker forecast revenue of 8.5 billion yuan to 9 billion yuan for the current quarter ending September, below estimates of 9.77 billion yuan (USD 1.34 billion), according to the average estimate of six analysts by Refinitiv.

Volkswagen and Xpengs joint EVs will use Xpengs G9 platform, boosting the Chinese startups sales. Xpeng will receive technology service revenue, and VW aims to fill gaps in Chinas EV market.