Credit to Author: Nicolas Zart| Date: Fri, 15 Nov 2019 03:17:03 +0000
Xpeng Motors continues its strategic growth this week with the signing of a Series C capital funding round of $400 million from a group of strategic and institutional investors. At the same time, Xpeng announced that Xiaomi Corporation is joining as a strategic investor
Credit to Author: Jose Pontes| Date: Sat, 26 Oct 2019 02:21:12 +0000
There seem to be no end to the end-of-incentives hangover in China, with the Chinese plug-in market dropping a steep 27% year over year (YoY), and plug-in hybrids (PHEVs) crashing 45% YoY last month. Additionally, BEVs finally got dragged into the red ink, dropping a harsh 20% in September. The overall auto market was not so catastrophic, sliding down just 6% Yo
Credit to Author: Nicolas Zart| Date: Sat, 05 Oct 2019 03:09:15 +0000
While the Xpeng G3 electric vehicle (EV) continues its stellar sales climb, the stunning P7 EV has finished a round of tests equal to traveling 10 times around the globe. The company also secured a charging network and ecosystem partnership with TELD, China’s largest charging infrastructure. Additionally, the P7 is the first Smart Car with its own Alibaba In-Car Mini app, and pioneers an IFAA-standard Virtual Car Key. Not bad for a three-year young startup working on a Chinese schedule
Credit to Author: Jose Pontes| Date: Sun, 29 Sep 2019 07:27:53 +0000
The end-of-incentives hangover deepened in August for the Chinese plug-in vehicle market, with the market dropping a steep 12% year over year (YoY) and plug-in hybrids (PHEVs) crashing 51%. Amazingly, fully electric vehicles (BEVs) managed to grow, by 4%, a small increase over the 1% growth rate of July, which means BEVs are currently the only ray of light in the Chinese auto market (the overall market also dropped, by 8% YoY)
Credit to Author: Jose Pontes| Date: Sun, 18 Aug 2019 07:10:08 +0000
After an end-of-incentives derived surge in June, July saw the expected hangover, with the Chinese plug-in vehicle market dropping 7% year over year (YoY), and the 70,000 units of last month representing less than half of the deliveries of the previous month. Plug-in hybrids (PHEVs) sank 22% YoY in July, their worst drop in over two years, while, amazingly, fully electric vehicles (BEVs) still managed to grow, if only by 1%, despite the gloom all around them (the overall market also dropped 4%)