Li’s comments come at a time when China’s EV sales start to slow amid potential recession worries, growing competition, and supply chain disruptions due to frequent Covid comebacks.
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Posted inTurf Wars
Xpeng, next up in wave of US IPOs, attracts big-name investors
Xpeng Motors is priming for a public listing in New York where it could raise up to $1.1 billion from high-profile backers including Alibaba and Xiaomi.
Posted inHeavy Hitters
Drive I/O | Chinese EV makers downsize while battery makers expand production
Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
Posted inUp and Comers
Xpeng shares soar 41% in US debut, market cap nears Chinese auto giants
Six-year-old Xpeng Motors now has a market capitalization of nearly $15 billion, nearing the size of a number of giant Chinese automakers.
Posted inTurf Wars
EV maker Xpeng has 15,000 orders for its P7 sedan
Starting at $38,400, the sedan is designed to compete with Tesla’s Model 3.
Posted inHeavy Hitters
Drive I/O | A flying start for China EV sales, CATL retains global dominance
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.
Posted inTurf Wars
Tesla’s apprentice: Is Tesla bullying its own biggest fan?
Tesla once nurtured competitors like Xpeng, but now it’s accusing the Chinese EV maker of theft through a lawsuit against a former Tesla engineer.
Posted inTurf Wars
Tesla denied access to grand jury materials for ex-Xpeng engineer
Tesla requested access to Xpeng’s entire repository of autonomous-driving source code and clones of its executives’ hard drives.
