XPENG Announces the Closing of New Shares Issuance Pursuant to Share Purchase Agreement and Development under Technical Framework Agreement with Volkswagen
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Tesla (TSLA) China plans to build auto research center in Thailand as EVs gain popularity
December 8, 2023 3:43 PM ESTThailand revealed Friday that China is planning to establish a China Automotive Technology and Research Center (CATARC) in the region, the fourth such facility in the world.
Tax incentives and subsidies offered by the Thai government have successfully attracted Chinese car manufacturers such as BYD and Great Wall... More
Chinese auto sales surge 25% in November, marking fourth consecutive month of growth
December 8, 2023 9:03 AM ESTChina witnessed a 25.5% surge in passenger vehicle sales this November compared to last year, marking a faster pace of growth than the previous month and continuing an upward trend for the fourth consecutive month.
Industry data released on Friday by the China Passenger Car Association (CPCA) revealed that car sales reached 2.1 million units last month, showcasing an acceleration from the 9.9% increase observed in October. This surge in sales was propelled by intensified price competition among automakers striving to achieve their sales targets.
November witnessed a remarkable... More
XPeng (XPEV) G9 SUV earns 5-star safety rating from Euro NCAP
December 6, 2023 11:38 AM ESTChinese electric vehicle maker, XPeng Motors (NYSE: XPEV) announced Wednesday that the international model of their XPeng G9 SUV has received a five-star 2023 safety rating from Euro NCAP.
The five-star safety rating system by Euro NCAP is designed to assist consumers, families, and... More
