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Express News | XPeng Shares Are Trading Higher After the Company's Chairman & CEO Said He Company Will Launch a 'Highly Competitive' Robotaxi in 2026
Xiaopeng He Chairman & CEO Of XPENG Motors Posts On Linkedin "...XPENG's Robotaxi Will Follow a Set Pace and Launch a Highly Competitive Robotaxi in 2026. Moreover, We Will Not Get Involved in Operations, but Will Work With Our Beloved Partners to...
XPeng Inc. Sponsored ADR (XPEV) Recently Broke Out Above the 50-Day Moving Average
Liaoning SG Automotive Group (600303.SH): currently has no cooperation with Xpeng in the field of complete vehicles and flying cars.
On July 26th, Geelong Hui reported that liaoning sg automotive group (600303.SH) stated on the investor interaction platform that its Shuguang axle has been designated as the supplier of chassis suspension by xpeng, but there is no cooperation between the two companies in terms of whole vehicles and flying cars. The company has always adhered to the concept of open and win-win, and welcomes and is willing to cooperate with excellent companies in the industry chain. The company is also actively seeking cooperation in many aspects such as global strategy, industry and market. If the company has major cooperation and other matters in the future, it will follow the relevant regulatory rules and corporate bylaws to fulfill approval and information disclosure procedures.
Cui Dongshu: In the first half of the year, imports of autos decreased by 4% year-on-year to 0.332 million units.
Cui Dongshu, Secretary-General of the China Association of Automobile Manufacturers, stated that the import volume of cars to China has continued to decrease at an average annual rate of about 8% since 2017, with only 0.8 million units expected to be imported by 2023.
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Minsheng Securities: Autos sector demand is on the rise as the policy of trading in old vehicles for new ones is strengthened.
This policy further clarifies the funding channels and specific amounts, among which the central government has a high proportion and strong support, which is expected to greatly promote the replacement of old with new and stimulate upward demand.
Xpeng to Hold Tech Event on Jul 30, XNGP to See Biggest Update Ever
Hong Kong stocks anomaly | Auto stocks fell again, Tesla's second-quarter profits fell short of expectations, and the overnight stock price fell by 12%.
Auto stocks fell again, as of press time, Great Wall Motor (02333) fell 3.39%, reported HKD 10.84; Li Auto Inc-W (02015) fell 1.48%, reported HKD 73.4.
China Securities Co., Ltd.: Electric car sales in June increased significantly compared to last month and the same period last year, with penetration rate continuing to reach a new high.
In June 2024, the sales of electric vehicles saw an increase in both year-on-year and month-on-month comparisons: the total domestic sales of new energy vehicles was 1.049 million units according to the China Association of Automobile Manufacturers, with a year-on-year and month-on-month growth of 30.1% and 9.8% respectively; the sales of new energy passenger vehicles, as measured by the China Passenger Car Association, were 0.982 million units with a year-on-year and month-on-month growth of 29.2% and 9.5% respectively, and a penetration rate of 45.3%, up by 1.6 percentage points month-on-month.
Volkswagen teams up with Xiaopeng to accelerate the counterattack.
Cross the threshold.
U.S. stock market volatility | Electric vehicle stocks slump, Rivian Automotive (RIVN.US) falls nearly 6%.
On Wednesday, electric vehicle stocks fell along with Tesla.
Express News | Shares of EV Stocks Are Trading Lower in Sympathy With Tesla, Which Fell After Reporting Mixed Q2 Earnings