XPeng (XPEV) Presents SEPA2.0
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Baidu’s (BIDU) Jidu Auto skips Shanghai auto show due to marketing plans
April 19, 2023 12:22 PM EDTYicai Global, the financial news arm of state-owned media conglomerate, Shanghai Media Group reports today, citing a source at the company, that Baidu-backed Jidu Auto is absent from the ongoing Shanghai Auto Show because the event did not fit in with the automakers product marketing plans.
The Shanghai... More
XPeng (XPEV) unveils its Xiaopeng G6 electric SUV at Auto Shanghai
April 18, 2023 1:52 PM EDTThe Shanghai Auto show kicked off Tuesday after last years Covid-hiatus, with many automakers eager to promote their brands. Chinese EV maker Xpeng (NYSE: XPEV) was no exception, announcing the release of the companys new medium-sized SUV, the Xiaopeng G6.
The Xiaopeng G6 is the first... More
Li Auto (LI) plans to nearly triple EV line-up by 2025
April 18, 2023 8:08 AM EDTChinese electric automaker, Li Auto (NASDAQ: LI) announced Tuesday, plans for the company to expand its line-up to 11 models by 2025, up from four currently, targeting the market for vehicles priced at 200,000 yuan ($29,100) and higher.
Li Auto's president and chief engineer Ma Donghui... More
CEO William Li says Nio (NIO) 'will certainly not join the price war'
April 18, 2023 7:57 AM EDTThe CEO of Chinese electric automaker, Nio Inc (NYSE: NIO) told CNBC in an interview that the company will not cut prices.
For us, we will certainly not join the price war, CEO William Li said, according to a translation of the interview, claiming Nios products and services are worth the price.
Li said his company will focus on improving its customer services such as adding battery swapping and charging stations. The swapping technology that changes out batteries so that drivers dont have to wait for charging.
Nio announced last... More
XPeng (XPEV) surges on cost cuts and new platform
April 17, 2023 7:32 AM EDTChinese electric vehicle maker XPeng (NYSE: XPEV) is up 11.09% in pre-market trading on Monday after the company unveiled its next-generation end-to-end integrated technology architecture SEPA2.0 over the weekend.
XPengs SEPA 2.0 platform is expected to reduce costs of powertrain systems, including batteries, by 25% by the end of... More
