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Top related persons:
Xpeng - 1 Li Auto - 1 Brian Gu - 1
Top related locs:
Guangzhou Guangdong Province of China premarket U.S China
Top related orgs:
Guangzhou International Automobile - 1 China Import - 1 Tesla - 1

Search resuls for: "Guangzhou International Automobile"


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☆ Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
  + stars: | 2023-08-18 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker's shares down more than 7% in premarket U.S. trade. The net loss was wider than the 2.7 billion yuan ($370.7 million) loss reported in the second quarter of last year. It was also the biggest quarterly loss that Xpeng has posted since going public in August 2020. Here's how Xpeng did against Refinitiv consensus estimates for the second quarter:Net loss: 2.8 billion yuan loss vs. 2.13 billion yuan loss expectedRevenue: 5.06 billion Chinese yuan ($693.7 million) vs. 5.06 billion yuan expected, representing a 31% year-on-year fall. Xpeng's is hoping its latest car — the G6 Ultra Smart Coupe SUV — which was launched at the end of the second quarter, will boost margins.
Persons: Xpeng, Li Auto, Brian Gu Organizations: Guangzhou International Automobile, China Import, Tesla Locations: Guangzhou, Guangdong Province of China, premarket U.S, China
☆ Ex-Apple employee accused of stealing trade secrets is exec at Baidu self-driving car joint venture
  + stars: | 2023-05-16 | by ( Rohan Goswami Kif Leswing | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +3 min
On Tuesday, the U.S. government accused a former Apple employee, Weibao Wang, of stealing trade secrets from the company's self-driving car division, including the entirety of Apple's "autonomous" source code. Following that, he worked as chief technology officer at Neolix, a Chinese self-driving car company. Wang is the third former Apple employee from China to be accused of stealing trade secrets from Apple's self-driving car division. Xiaolang Zhang, who worked at Apple around the same time as Wang, pleaded guilty to stealing trade secrets from Apple in August. Apple has reportedly been working on a self-driving car since at least 2015, although it has never discussed its goals or plans publicly and no car has been announced.
☆ Chinese EV startup Jidu plans to use ChatGPT-like tech
  + stars: | 2023-02-15 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
Visitors look at a Jidu Robo-01 electric SUV during the 20th Guangzhou International Automobile Exhibition at Canton Fair Complex on Dec. 30, 2022 in Guangzhou, China. BEIJING — Baidu's ChatGPT-like product is set to come to electric, assisted-driving cars, startup Jidu said Tuesday. Jidu, backed by Baidu and Geely , is using Baidu's Apollo system for the in-car user interface and assisted driving tech. The startup plans to deliver its first car this year. Jidu plans to use Apollo with Baidu's ChatGPT-like product, called Ernie bot in English, the startup said.
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