Xpeng is joining a long list of Chinese tech companies facing a challenging quarter with production cuts and profits squeezed.
There might be greater supply than demand in the Chinese EV market this year, UBS analyst Paul Gong said.
The recall raises questions about the carmaker’s future in the Chinese market. The company’s prestigious image has soured quickly in China.
Huawei burrowed further into the auto industry with the launch of the first vehicle with its homegrown operating system.
Li Auto booked its first quarterly net profit in Q4 but investors are worried about underinvestment in products and self-driving technology.
Tesla has been ramping up its hiring in China lately as part of a broader strategy to localize software and user data in the world’s biggest auto market
The city ranked second among Chinese cities in car production with nearly 2.97 million units in 2018.
Faraday Future is a powerful tale of ugly corporate wrangling and unbridled ambition gone awry.