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☆ Xpeng's Gu says robotaxis won’t be a real business for at least five years
▼ + stars: | 2024-04-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

A Xpeng G9 is displayed at a store in a mall in Beijing on Feb. 29, 2024. BEIJING — Self-driving taxis won't be a significant business for at least five years, Xpeng Vice Chairman and Co-President Brian Gu said Thursday. While robotaxis will be transformative for mobility if they become prevalent, "to have a real, full-fledged commercial operation. I think it's more than 5 years away," Gu told reporters on the sidelines of the Beijing auto show. "Right now it's not something that we are considering when we are launching and planning the sales," he said.

Persons: Brian Gu, Elon Musk, Tesla, Gu Organizations: BEIJING — Locations: Beijing, BEIJING

☆ Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants
▼ + stars: | 2023-09-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Arjun Kharpal | CNBCMunich, GERMANY — The IAA in Munich, Germany is one of Europe's most high-profile auto shows. And it was dominated by Chinese electric car firms looking to expand their presence on the continent and challenge incumbents from BMW to Ford in the new era of battery-powered vehicles. But a slowing market at home, due to tepid consumer spending after Covid-19 restrictions were lifted, coupled with an attractive market in Europe, has seen Chinese firms launch cars abroad and expand their footprint. Many of the European carmakers have been seen lagging in their push into EVs at a time when Chinese players have launched dozens of new vehicles. watch nowThe entrance of Chinese firms into Europe is seen as a threat to big automakers who have been perceived to be moving too slow on EVs.

Persons: BYD, Arjun Kharpal, Daniel Roeska, Roeska, Zhu Jiangming, Warren Buffett, Xpeng, Brian Gu, Gu, Bernstein, Tesla, Mercedes, Xpeng's Gu Organizations: CNBC, BMW, Ford, EV, Bernstein Research, Leapmotor, Tesla, IAA Locations: Europe, Munich, Germany, CNBC Munich, GERMANY, China, Hangzhou, Norway, Sweden, Denmark, Netherlands, Guangzhou, EVs

☆ 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.

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