Page 3 - Peng News Today

AeroHT, an affiliate of Chinese electric vehicle maker Xpeng, has started the countdown for the commercialisation of its flying car and plans to start taking pre-orders in the fourth quarter of this year.

The carmaker hopes to lure high-end Chinese consumers amid an escalating price war among some of its top rivals.

Chinese electric vehicle start-up Xpeng said its partnership with AI chip supplier Nvidia has not been affected by tighter US trade sanctions, but it will keep its options open with local suppliers.

The German carmaker, which saw its market share shrink in China last year, said it plans to launch 30 new electric cars on the mainland by 2030 as it vies to keep up with the rapid pace of electrification in the world’s largest vehicle market.

The German automaker plans to launch more than 30 new models for Chinese customers by 2030

EV stocks are struggling amid rising competition and slowing growth.

XPeng ( NYSE:XPEV ) Full Year 2023 Results Key Financial Results Revenue: CN¥30.7b (up 14% from FY 2022). Net loss...

KUALA LUMPUR: Harvest Miracle Capital Bhd is the most active stock on Bursa Malaysia in early trade Friday.

Volkswagen Investment In China: German carmaking giant Volkswagen Group said Thursday it would invest 2.5 billion euros (USD 2.7 billion) to expand its operations in China as it tries to prevent a sales slide in its most important market. The new multi-billion-euro investment will be used to further expand Volkswagens production and innovation hub in Hefei, in the eastern province of Anhui, the group said in a news release.

GUANGZHOU, China, April 10, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric...