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BEIJING, Sept 24 (Reuters) - Volkswagen launched presales of its second model jointly developed with EV maker Xpeng in China on Thursday, expanding its electric vehicle offensive to catch up with
At XPeng's factory in Guangzhou, China, machines assembled parts, installed electrical circuits and welded it all together. On Tuesday, Chinese electric vehicle company XPeng announced it completed assembly of its Iron humanoid robot. The production of the first Iron robot is a milestone for XPeng as it works toward its ultimate goal of mass production, scheduled to start by the end of the year, according to the company.
NIO's Q2'26 results show stronger deliveries, wider vehicle margins and cash flow goals, but high debt, rising costs and competition remain concerns.
NIO heads into Q2 earnings with strong delivery growth, rising revenue expectations and margin pressure.
XPeng Co-President Brian Gu thinks its margins will eventually eclipse those of the core electric-vehicle business.
International business drives growth as XPeng launches humanoid robot division.
Xpeng stock sank today on disappointing earnings and guidance. But robotics business news makes XPEV shares worth buying on the dip.
XPeng Inc (XPEV) reports a 65% surge in quarterly deliveries and secures over $900 million for its robotics unit, while navigating margin pressures and expanding its global footprint.
XPENG (NYSE:XPEV) said its robotics business raised more than $900 million in an initial financing round at a post-money valuation exceeding $6.2 billion, as the electric-vehicle maker outlined plans to begin scaled production of its Iron humanoid robot by the end of 2026. Chief Executive Officer H
The Chinese EV maker remained in the red despite resilient margins, as heavy investment in new models and AI-related tech outweighed profits from its main business and higher-margin services.
Everyone seems to have the same idea as Tesla these days. The latest example comes from Chinese EV maker XPeng Monday, it reported a second-quarter per-share loss of 10 cents from sales of $2.9 billion. Wall Street was looking for a 20-cent loss on $3 billion in sales.
Xpeng Inc.’s robot unit plans to raise $900 million from investors including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., bolstering the automaker’s push into humanoid robots.
Chinese automaker Xpeng said on Monday its robotics unit had raised more than $900 million in its first funding round, setting a new record for a single private financing in China's embodied AI sector. The funding round, led by IDG Capital and backed by strategic investors Tencent and Alibaba, values the robotics business at more than $6.3 billion, Xpeng said in a statement. The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said.
Xpeng is set to report its fiscal Q2 earnings on Aug. 24. Here’s how the data suggests you should play XPEV shares at current levels.
TSLA's Q2 miss, margin pressure and heavy spending triggered a 14% slide, but stabilizing EV demand, balance sheet strength and FSD gains support a hold.
Chinese carmakers spent the past decade replacing gasoline engines with batteries. The next will be about integrating cars with robotics, XPeng’s chief executive says.
Unveiling marks the company’s first global vehicle launch outside China as it steps up expansion in Europe and other overseas markets amid intensifying competition at home.
The Chinese electric-vehicle maker plans to launch its humanoid robot globally next year, as part of efforts to transform into a physical AI company.
BYD continues its comeback, after a tough start to the year, according to new data. Other Tesla rivals like XPeng and Xiaomi also had a strong June.
XPeng Inc (XPEV) reports strong vehicle deliveries and AI-driven growth, but faces revenue declines and increased costs impacting financial performance.
General Motors is considering using an unproven, but possibly more powerful, battery technology for its electric vehicles. The stock is up on Thursday.
The chief executive of Xpeng said on Wednesday he would personally lead the company’s robotics business, as the Chinese electric vehicle maker — emerging as a frontrunner in humanoid robotics among automakers — pushes toward mass production by year-end. "The (robot) industry is becoming increasingly hot and competitive, and we have clearly seen the direction and timing of victory, but it still requires more arduous implementation and extremely high decision-making ability," Xpeng CEO He Xiaopeng said in an internal letter reviewed by Reuters. He said the decision to take on the role of "CEO" of the robotics unit, effective immediately, comes "on the eve of mass production and commercialisation" of Xpeng's humanlike IRON robots, which debuted last year.
Tesla retail sales in China grew 22% year-over-year in May, ending a two-month decline. Tesla stock rose modestly early Monday after diving last week.
XPENG (NYSE:XPEV) said it expects a sharp rebound in second-quarter deliveries after a weaker first quarter, while management outlined a broader push to position the company around “physical AI” applications including advanced driver assistance, Robotaxis and humanoid robots. Co-founder, Chairman a
Chinese EV Rivals Split After Earnings as XPeng Impresses and Li Auto Stumbles
Electric vehicle maker Xpeng on Thursday forecast second-quarter revenue below market expectations, underscoring a prolonged slowdown in demand and stiff competition in the Chinese EV market. Domestic car sales in China fell for a seventh straight month in April, with industry estimates showing that EV and plug-in hybrid sales growth were likely to slow in 2026 after years of rapid expansion. Still, Chinese EV makers are betting on advanced driver-assistance systems, feature-rich vehicles and broader model lineups to help navigate the downturn.
Li Auto reports a first-quarter per share loss of 15 cents while Wall Street was looking for a loss of 13 cents. XPeng reports a loss of 13 cents; Wall Street expected a loss of 10 cents.
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