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☆ We expect delivery numbers to recover in the second half, says Xpeng Motors
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect delivery numbers to recover in the second half, says Xpeng MotorsBrian Gu of the Chinese electric vehicle manufacturer discusses its first-quarter sales and the competition in the Chinese auto market.

☆ China's Xpeng aims to cut costs with new vehicle manufacturing platform
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +2 min

[1/5] He Xiaopeng, the co-founder, chairman and CEO of XPeng Motors attends a news conference ahead of the Shanghai Auto Show, in Shanghai, China April 16, 2023. REUTERS/Aly SongSHANGHAI, April 16 (Reuters) - China's electric vehicle (EV) maker Xpeng (9868.HK) 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. He said that these cost reductions would give Xpeng an edge against its rivals in an increasingly competitive market. Xpeng will build its G6 SUV, which will debut at the Shanghai auto show starting on Tuesday, as the first model to be built on the SEPA 2.0, according to the company. Xpeng's rival Tesla (TSLA.O) uses massive casting machines, also known as gigapresses, to make large single pieces of vehicle underbodies.

☆ Unapologetic Aaron Rodgers promises decision 'soon enough'
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

March 1 - Aaron Rodgers plans to deliver a decision about his 2023 plans "soon enough" he said on a podcast with Aubrey Marcus released Wednesday. Rodgers, 39, met with the Packers two days after the end of the regular season in January. General manager Brian Gutekunst said Tuesday at the NFL Scouting Combine that he hasn't had a chance to continue conversations with Rodgers. Favre didn't have a final decision, he would later say, but retired and then decided he wanted to continue playing. "It's best for anybody who has an interest in this to make a decision sooner rather than later," Rodgers said on the podcast.

☆ Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push
▼ + stars: | 2023-02-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The Chinese electric car start-up launched its P7 sedan and G9 SUV in Denmark, Norway, the Netherlands and Sweden. Xpeng , a Chinese electric vehicle startup, on Friday launched two of its flagship cars across a number of European countries, as it continues its aggressive international push. Tesla's Model 3 Long Range, which claims 602 kilometers on a single charge, costs 52,990 in the Netherlands. Nio , a Chinese rival to Xpeng, began delivering some cars to Norway at the end of 2021. Xpeng has accelerated its international push in the past year after opening physical stores in Europe last year and launching its mass-market P5 sedan.

☆ China EV maker XPeng pops 12% despite posting wider than expected loss; deliveries expected to fall
▼ + stars: | 2022-11-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

However, Xpeng shares jumped 12% in premarket trade in the United States as the company signaled it could see a bottom to falling deliveries. Net loss: 2.38 billion Chinese yuan versus 2.09 billion yuan expected. That was wider than the 1.59 billion net loss posted in the same period last year, but narrower than the second quarter. A number of analysts have cut their target share price for the company. Instead, XPeng will offer "incentives" to customers to buy cars in a bid to regain some lost market share, Gu said.

☆ Chinese carmakers target more European sales with five-star EVs
▼ + stars: | 2022-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

"All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng (9868.HK). Perhaps more importantly for sales, high safety ratings also open up the potentially huge corporate car fleet market for Chinese EV makers. European carmakers are also pursuing five-star ratings for their EVs and hybrids, from BMW's (BMWG.DE) iX to Volkswagen's (VOWG_p.DE) ID.4 and ID.5. But almost half the Chinese cars sold were EVs, according to Inovev, giving them a 5.8% share of Europe's fully-electric vehicle market. Inovev vice-president Jamel Taganza said all Chinese cars sold in Europe would be EVs within a few years, with more lower-cost models on the way.

Xpeng showed off its forthcoming G9 SUV at the Chengdu auto show in August 2022. BEIJING — Chinese electric car start-up Xpeng's newest model will likely sell better than its most popular car to date, according to Brian Gu, the company's president and honorary vice chairman. The company formally launched its G9 SUV on Wednesday. The P7 was Xpeng's first sedan, launched in May 2020, which quickly outsold the company's existing G3 SUV that launched in December 2018. Last year, Xpeng began deliveries of another sedan, the P5, which has notched cumulative deliveries of more than 37,000 cars as of the end of August, the data analysis showed.

☆ China's Xpeng says CATL is no longer its largest battery supplier
▼ + stars: | 2022-09-21 | by ( Olivier Sorgho | ) www.reuters.com time to read: +2 min

REUTERS/Mike Segar/File PhotoSHANGHAI, Sept 21 (Reuters) - Xpeng (9868.HK) has diversified its battery suppliers and no longer counts industry giant CATL (300750.SZ) as its primary supplier, the Chinese electric car maker's president said on Wednesday. "We have already diversified our battery supplier arrangement. CATL is no longer our largest material supplier. We actually have worked with several high-quality battery suppliers, for example, EVE, CALB," Gu said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Zhang Yan and Brenda Goh; Editing by Lisa ShumakereOur Standards: The Thomson Reuters Trust Principles.

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