The launch marks a first milestone for the world’s largest maker of consumer drones in its push into the Chinese EV space.
With help from Alibaba’s map technology, Xpeng says it now has the most advanced driver-assist function for Chinese customers.
The Q1 performance of Nio was a big relief for investors and eased concerns over fallout from the recent Luckin scandal.
Nickel price surge could further increase the cost of electric vehicles and force automakers to cut earnings forecasts.
Big auto and big tech announced EVs at Auto Shanghai 2021, putting pressure on young EV upstarts.