The U.S.-listed shares of XPeng Inc. charged up 11.3% in premarket trading Monday, after the China-based electric vehicle (EV) maker unveiled a new...
The U.S.-listed shares of XPeng Inc.
charged up 11.3% in premarket trading Monday, after the China-based electric vehicle maker unveiled a new production platform that will lead to significant cost savings as it shortens the research and development cycle for future models by 20%. ““We envision that this evolutionary intelligent architecture will lead smart EV technology development for the next three years,” said Chief Executive Officer He Xiaopeng.
charged up 11.3% in premarket trading Monday, after the China-based electric vehicle maker unveiled a new production platform that will lead to significant cost savings as it shortens the research and development cycle for future models by 20%. ““We envision that this evolutionary intelligent architecture will lead smart EV technology development for the next three years,” said Chief Executive Officer He Xiaopeng.
which generated 22.2% of its total 2022 revenue from China, edged up 0.5%. The stocks’ gains come as futures ES00 for the S&P 500 SPX gained less than 0.1%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
China's Xpeng aims to cut costs with new vehicle manufacturing platformChina's electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for its company's upcoming models.
Les mer »
U.S. Factory Output Falls As Auto Manufacturing PlungesManufacturing production in the U.S. dropped in March even as overall industrial production picked up thanks to cold temperatures driving up output by utilities.
Les mer »
China auto show highlights intense electric car competitionGlobal and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in a market that its developing its own EVs, self-driving cars and other futuristic technology. Global automakers are competing to roll out appealing electric vehicles in the technology’s biggest, most crowded market after the ruling Communist Party invested billions of dollars in subsidies to buy an early lead in an emerging industry. They face intense competition from young but aggressive Chinese brands with fast-developing technology and lower prices.
Les mer »
China auto show highlights intense electric car competitionGlobal and Chinese automakers plan to unveil more than a dozen new electric SUVs, sedans and muscle cars this week at the Shanghai auto show, their first full-scale sales event in four years in a market that its developing its own EVs, self-driving cars and other futuristic technology.
Les mer »
German auto association sees 2023 electric passenger car output up 50%Germany's auto industry association VDA expects the number of electric passenger cars produced in Europe's biggest economy to jump by 50% to over a million this year, due to rising foreign demand and carmakers ramping up e-mobility production.
Les mer »
The $25,000 Electric Vehicle Is Coming, With Big Implications for the Auto Market and Car BuyersThe $7,500 tax credit for electric vehicles isn’t the only way EV prices are coming down for auto buyers.
Les mer »