Q3 guidance shows Chinese EV brands Nio, Xpeng, Li Auto maintaining momentum

In Shanghai, China, on August 4, 2023, a Nio pop-up store is pictured. This store serves as a symbol of the booming Chinese electric car market. Chinese electric car companies Nio, Xpeng, and Li Auto have all announced that they have delivered enough vehicles in August to meet their third quarter guidance. These companies are …

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Shares of Chinese electric vehicle startup Xpeng experience significant surge following $744 million agreement with ride-hailing giant, Didi.

Chinese electric car company Xpeng announced on Monday that it will acquire Didi’s smart electric car development business in a share exchange worth $744 million. This move will make Didi a strategic shareholder of Xpeng, and the two companies plan to collaborate in various areas, including marketing, finance and insurance services, charging infrastructure, robotaxi services, …

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Q2 2023 Earnings Report for Xpeng (XPEV)

A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Shares of Xpeng were down over 6% in pre-market U.S. trade, as the Chinese electric …

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Tesla reduces prices for Model S and Model X in China

Visitors admire a Tesla Model 3 car alongside a Model Y on display at a Tesla showroom in Beijing, China on February 4, 2023. Florence Lo | Reuters Tesla has announced a significant price reduction for its existing inventory of Model S and Model X cars in China, aiming to boost sales in the face …

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Beijing’s Promised Measures to Bolster Economy Fuel Rise in Chinese Stocks

A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong rose by more than 3%, while China’s …

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BYD introduces their strongest Tesla rival to date

BYD Vice President Yang Dongsheng speaks at a launch event for the Denza N7 electric SUV on July 3, 2023, in Beijing. Bloomberg | Bloomberg | Getty Images Chinese electric car giant BYD is introducing a new electric SUV, which serves as a significant competitor to Tesla’s Model Y. BYD’s Denza brand has already received …

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