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Chinese electric vehicle maker XPeng on Friday kicked off customer reservations for its third and most recent production model, the XPeng P5 smart EV sedan, in Denmark, the Netherlands, Norway and Sweden.
Xiaomi officially enters the South Korean market, with no plans to launch electric vehicle in South Korea. The company will focus on the Chinese electric vehicle market in the next three years.
XPeng Motors announced its new brand MONA, which stands for Made Of New AI, positioning itself as a global pioneer in AI-driven smart vehicles.
Tesla's Gigafactory in Shanghai has played a significant role in the company's production and sales, accounting for 50% of its output. The factory has achieved an impressive gross margin of over 30%, owing to its efficient layout, optimized processes, cost-effective land acquisition, streamlined supply chain management, and skilled human resources.
On February 29, Xpeng Motors and Volkswagen Group signed a joint development agreement for platform and software strategic technology cooperation, accelerating the joint research and development of two B-segment electric vehicles.
At the Xiaomi SU7 launch conference, Lei Jun had stated that the first car would be sold at a loss, an important reason being the ongoing price war putting pressure on pricing.
Tao Lin spoke at a press conference in anticipation of the upcoming 2019 Shanghai City Promotion Conference, underscoring the importance of Shanghai in the successful development of Tesla’s gigafactory.
On the second day of Auto Shanghai 2023, Xiaomi founder Lei Jun visited several electric vehicle makers' booths including NIO, XPeng, Geely's Zeekr and HiPhi.
China will extend its exemption of new energy vehicles from purchase taxes to the end of 2023, according to results of the State Council executive meeting on August 18. This is the third time that China has extended the policy.
The world's leading electric vehicle (EV) manufacturer Tesla has been embroiled in controversy lately in one of the largest EV markets—China.
Polestar, a Geely-backed high-performance pure electric vehicle brand, announced on August 16 that it will put the brand-new pure electric concept sports car Polestar 6 into production. The mass production model is expected to be launched in 2026.
Volkswagen, a German automaker, announced on May 14 that it is building two plants in China to produce a total of 600,000 vehicles running on MEB, its modular car platform for electric vehicles.