Category: XPeng
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China EV maker Xpeng considers Europe factory in areas with ‘low labor risks’
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Xpeng Inc. is looking for a manufacturing site in Europe, making it the latest Chinese electric vehicle maker to seek to mitigate the impact of import tariffs by building its vehicles in the region. Volkswagen AG’s Chinese partner is in the early stages of selecting a site in the European…
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XPeng projects lower-than-expected Q3 revenue on stiff competition By Reuters
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(Reuters) – China’s Xpeng Inc (NYSE:XP) forecast third-quarter revenue below expectations and missed second-quarter sales estimates on Tuesday, hurt by stiff competition and weaker demand for its aging lineup of expensive electric vehicles. The company, however, expects to deliver between 41,000 and 45,000 vehicles in the third quarter, slightly more…
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Xpeng, Volkswagen set up project house to roll out new EV architecture By Reuters
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Chinese electric vehicle maker Xpeng (NYSE:) said Monday it has set up project houses for engineers in partnership with German automaker Volkswagen AG (OTC:) to accelerate the development of new electric vehicle architecture. The new facilities, to be built in the Chinese cities of Guangzhou and Hefei, will serve as…