China's EV Industry Slows Down, Affecting Nvidia's Automotive Business | HNGN
Nvidia says its automotive business is the biggest loser of the June quarter due to the Chinese EV industry plateauing.
Source: hngn.com
Page 27 - Peng News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Peng. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Peng Today - Breaking & Trending Today
Xpeng Posts Wider Loss For Q2; Sees Higher Revenue For Q3; Stock Down In Pre-market
Xpeng Inc. (XPEV), a Chinese smart electric vehicles maker, on Friday reported a wider loss for the second-quarter of 2023, amidst a fall in revenue, particularly reflecting a decline in revenue from vehicle sales.
Source: rttnews.com
XPeng Succumbed To Tesla's Price War But Rising Deliveries Provide Hints Of Recovery
XPeng Inc (NYSE: XPEV) issued its second quarter report that showed that the price war that Tesla Inc (NASDAQ: TSLA) recently rekindled took a toll on its margins. Upon the report that contained the EV maker’s greatest loss since going public, XPeng’s U.S. shares tanked 7% in pre-market trade. Besides its in-house issues, XPeng is facing intense competition not only from giants like Tesla and its main China rival BYD Company Limited (OTC: BYDDY) but also from other EV startups like Nio Inc (NYSE
Source: yahoo.com
China's car companies are turning into tech companies
China has already won the race to electrify its vehicles. Now it’s pushing ahead and adding more features and services to attract new customers.
Source: technologyreview.com
The race to lead China's autonomous driving market | MIT Technology Review
Electric vehicle makers and AI companies are taking Tesla FSD-like systems to China, but it’s still out of reach for most consumers.
Source: technologyreview.com