An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023. Qilai Shen | Bloomberg | Getty Images Xpeng shares experienced a decline of approximately 5% on Wednesday following the announcement that the company’s head of autonomous driving would be departing at a critical juncture for the …
The Xpeng G9 SUV made an appearance at the 20th Shanghai International Automobile Industry Exhibition in Shanghai, China on April 18, 2023. Image Source: VCG | Visual China Group | Getty Images Chinese electric car startups Xpeng, Nio, and Li Auto released their vehicle delivery numbers for July, showing varying degrees of growth amidst increasing …
A woman tries out augmented reality (AR) glasses at Xreal’s booth at Mobile World Congress (MWC) Shanghai 2023. Vcg | Visual China Group | Getty Images BEIJING — Xreal, a startup backed by Alibaba, announced that it expects to ship 200,000 units of its augmented reality glasses in the near future, less than a year …
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 …
XPeng Inc., a Chinese electric vehicle manufacturer, is set to boost its sales with the launch of the G6 electric sport utility vehicle (SUV) after experiencing a decline in the first quarter, according to Bloomberg. XPeng reported a quarterly return to growth for car deliveries, with a 27% rise in the second quarter, surpassing its …
Displayed on a smartphone screen, the Tesla, Inc. logo captures attention in this photo illustration. Rafael Henrique | Lightrocket | Getty Images Discover the latest news from companies in premarket trading. Tesla saw a nearly 7% surge in its stock after exceeding Wall Street’s expectations for second-quarter delivery and production numbers. The company experienced an …
Nio’s ET5 is showcased at the Central China International Auto Show in Wuhan, China on May 25, 2023. Getty Images | Getty Images News | Getty Images Chinese electric car company Nio announced on Tuesday that it has secured $738.5 million in new funding from a fund owned by the Abu Dhabi government. This strategic …
Chinese electric car manufacturer, Nio, announced on Monday that it will be reducing the prices of its vehicles by $4,200 and will no longer offer free battery swaps for new buyers. This decision contradicts CEO William Li’s previous statement in April, where he claimed that the company would not engage in a “price war.” The …
Before the market opens, let’s take a look at the companies that are making headlines today. Tesla and General Motors’ stocks are both on the rise in premarket trading, with gains of 5.7% and 5%, respectively. The reason for this increase is that General Motors announced its plan to use Tesla’s electric vehicle charging network …