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Five million, ¥5 billion and ¥30 billion: wild wild east

Annual output capacity of 5 million vehicles, a loss of ¥5 billion and an ambitious target to finance ¥30 billion by the end of 2019. Those were the memorable numbers this week involving three Chinese smart EV startups as they continue to defy industry logic and completely turn the industry upside

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Gone in 29 hours: 2,000 G3 smart EVs with auto parking feature ordered in just over a day after pricing announced

BEIJING – Chinese smart EV startup Xpeng Motors officially started online reservation of its first electric SUV G3 on April 26 at the Global Mobile Internet Conference (GMIC) in Beijing and the first batch of 2,000 limited editions of the G3 were ordered in 29 hours. Deliveries are expected to

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Thank you Haima: Xpeng Motors first among “internet carmakers” to start production

ZHENGZHOU, Henan – Chinese smart EV startup Xpeng Motors’ first volume production electric SUV rolled off the assembly line here on October 12 at the manufacturing facility of Haima Automobile Co., Ltd., where the two also officially signed a strategic cooperation agreement. Xpeng Motors becomes the first among the so-called

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