CnEVPost Newsletter: Xpeng's head of autonomous driving to leave
Xpeng has confirmed that the head of the company's autonomous driving business is leaving, after rumors earlier today caused its Hong Kong-traded stock to plummet.
Xpeng's vice president of autonomous driving, Wu Xinzhou, is rumored to be leaving the company and is set to join US chip giant Nvidia.
A solid order backlog and improving production ramp bode well for Nio's ongoing operational recovery and rising sales, Morgan Stanley said.
Following a price cut and a slew of new models, Nio's sales efficiency has improved materially and should maintain this level of demand for at least the rest of the third quarter, said Edison Yu's team.
BYD entered the Malaysian passenger car market in December last year, with the first model offered there being the Atto 3. The NEV maker currently has eight stores there.
Volkswagen's Jetta brand is in talks to partner with Leapmotor, with FAW-Volkswagen likely to buy out one of Leapmotor's platform technologies, according to local media.
Great Wall is playing fast catch-up in China's competitive NEV market, as it has fallen behind main rivals in the segment.
Great Wall is teaming up with Baidu to explore the use of Ernie's AI model technology in its production vehicles.
The latest data was revised upward from the CPCA's previous estimate of 620,000 units.
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