XPeng CEO tests Tesla's full self-driving software in the US, invites comparisons with XPeng's XNGP, amid company's new product launches and market developments.
EV manufacturer Fisker filed for bankruptcy due to cash flow and manufacturing issues. Other EV makers like Tesla, Rivian, and Lucid may also face challenges.
NIO gears up for Nio IN 2024, promising innovation with the launch of the second-generation Nio Phone amid strategic partnerships and advancements in EV technology
Key Takeaways:
Nio’s loss widened 9.5% year-on-year in the first quarter to 5.26 billion yuan
The company focuses on higher-end electric vehicles, but plans to tap the middle and lower parts of the market with the launch of two new brands
By Lau Chi Hang
A Bain & Co. partner has cautioned that the ongoing price wars among Chinese electric vehicle manufacturers in overseas markets could potentially raise doubts about the quality of their products.