Many Chinese concept shares (CCS) plummeted after Monday’s closing. New popular electric vehicle stocks Xpeng Motor plunged 10.05%, Li Auto fell 7.39%, but NIO bucked the trend and rose 2.86%.
Leading Chinese EV maker Xpeng Motors (stock code: XPEV) kicked off trading on the New York Stock Exchange on the evening of Aug. 27 (Beijing Time) with an opening price of $23.1, soaring 56% from the issue price of $15 per share.
The BAIC Group’s New Energy ARCFOX αS currently has three models listed in the catalog, with maximum ranges reaching 525km, 603km, and 708km, respectively.
Xpeng Motors said in a filing with SEC on Aug. 21 that the company plans to issue 85 million American Depositary shares in the range of $11 to $13 per share in their US IPO.
Chinese electric vehicle (EV) startup Xpeng Motors has received a license from China’s Ministry of Industry and Information Technology to produce whole vehicles, the company announced today.
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.
Tesla is on track to topple BYD as the world's largest NEV manufacturer. To make things worse, now that Tesla has a factory in China, its low-end products are priced almost at the same level as BYD's high-end products.
Chinese EV-maker Xpeng Motors fully acquired another Guangdong-based EV maufacturer Foday through its subsidiary Zhaoqing New Energy Investment Company Ltd.
Xpeng Motors revealed that Xpeng P7 sports sedan received an import permit for research purposes from the National Highway Traffic Safety Administration (NHTSA) last week.
He Xiaopeng, founder of Xpeng Motors, recently posted on Weibo his thoughts about the future of the electric vehicle industry, following Tesla’s 17% drop in share price earlier this week.
Electric vehicle startup Xpeng Motors ranked first among Chinese automakers in smart & connected car technology patents in 2019 with 335 patent applications.
