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Xpeng delivered 40,008 vehicles in Q3, within guidance range, with new SUV G6 contributing 48.6 percent. https://img.cnevpost.com/2023/10/25172550/2023102509255094.mp3 Xpeng (NYSE: XPEV) will report unaudited financial results for the third quarter on Wednesday, November 15, before the US markets open, the Chinese electric vehicle company announced today. The company’s management will host an earnings call on November 15 at 8:00 am US Eastern Time (9:00 pm Beijing Time). Xpeng delivered 40,008 vehicles in the third quarter, an increase of 35.30 percent year-on-year and up 72.41 percent from the second quarter. Deliveries for the quarter were within the company’s previously guided range of…
Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region. https://img.cnevpost.com/2023/10/25163124/2023102508312458.mp3 (Image credit: Pony.ai) Chinese autonomous driving startup Pony.ai today announced a $100 million investment from Saudi Arabia’s Neom and its investment fund NIF (Neom Investment Fund), confirming a local media report yesterday. The funding will be used to invest in Pony.ai’s R&D and operations in autonomous driving technology globally, the company said in a press release today. Pony.ai plans to set up a joint venture with Neom in northwestern Saudi Arabia to provide autonomous driving technology…
Rumors on Chinese social media said HiPhi will lay off up to 20 percent of its workforce and up to 50 percent in some divisions. https://img.cnevpost.com/2023/10/25154034/2023102507403420.mp3 (Image credit: CnEVPost) Chinese premium electric vehicle (EV) maker Human Horizons’ HiPhi brand is reportedly in the midst of massive layoffs, underscoring the dilemma faced by some of the smaller players in a highly competitive market. HiPhi management began giving verbal notification of the layoffs to some executives in the middle of this month, involving each department in varying proportions, local media outlet Jiemian reported today, citing people familiar with the matter. The layoffs…
MG, Tesla, and BYD were the brands that exported the most NEVs from China in the first half of the year, contributing 25.3 percent, 22 percent, and 15.4 percent, respectively. https://img.cnevpost.com/2023/10/25145114/2023102506511490.mp3 China’s auto exports are expected to reach 5.4 million units in 2023, of which new energy vehicles (NEVs) will contribute 40 percent, or 2.2 million units, market researcher Canalys said in a report today. That’s a significant upward revision from Canalys’ forecast in June, when the firm predicted that China’s auto exports were expected to reach 4.4 million units in 2023, with more than 30 percent of those being…
Qualcomm overnight launched its latest Snapdragon 8 Gen 3 chipset, which is expected to be standard on flagship Android-powered phones in 2024. https://img.cnevpost.com/2023/10/25135311/2023102505531183.mp3 (Image credit: Qualcomm) US chip giant Qualcomm has launched a new high-end smartphone chipset overnight, and Nio (NYSE: NIO) will be one of the first Chinese companies to use it. Qualcomm released the Snapdragon 8 Gen 3 SoC (system-on-chip), which is expected to become the standard for flagship Android-powered phones in 2024, at the Snapdragon Summit on October 24 in Hawaii. Qualcomm later mentioned in a Chinese-language press release the first phone makers that will use the…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Here at CleanTechnica, we’ve been reporting on the Latin American EV markets for a while now, and though the presence of electric vehicles in the region is still small, it has been growing steadily, in some places already reaching what José Pontes calls “the disruption zone.” And yet, something that’s been quite noticeable, particularly south of Mexico, is the almost absolute absence of North American companies. Only GM is making a semblance of a presence, and only with a heavily overpriced Chevrolet Bolt that…
When the original Lexus LS launched in 1989, it was an absolute game-changer. The overall quality, luxury and performance of that car basically reset the car industry’s expectations of what a flagship luxury car could be. So when Lexus uses that particular F-word, I tend to pay attention. Meet the Lexus LF-ZL, a preview of the next Lexus flagship to come – and this one’s electric. The LF-ZL is one of two electric concepts Lexus unveiled at the Japan Mobility Show today, the other being the LF-ZC Concept, which is headed to production in 2026. Of the two, we know a lot…
Nissan has unveiled the Hyper Force, an electric hypercar with an insane 1 MW of power output, but there’s no plan to bring it to production. Leading up to the Japan Mobility Show this year, Nissan unveiled a series of electric vehicle concepts. They were interesting, but it is hard to get too excited as they don’t seem to be nowhere near production intent. At its press conference for the show’s opening media day, Nissan had one more EV concept: the Nissan Hyper Force. Again, it’s not something we expect to see hit production anytime soon if ever. In fact,…
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! A year ago, the Ethiopian government introduced some incentives to catalyze the adoption of electric vehicles. Ethiopia’s Ministry of Finance exempted all electric vehicles from VAT, surtax, and excise tax! They went further to exempt completely knocked-down kits from customs duty tax. This move was made to encourage the local assembly and component manufacturing sectors for electric vehicles. Semi-knocked-down kits now attract a customs duty tax of 5% and fully built electric vehicles will have a customs duty of 15%. Ethiopia’s Minister of Transport…
Almost three years after Chevrolet issued the first Bolt EV battery recall that later turned into multiple recalls and a massive, costly fiasco for GM and supplier LG Chem, the saga is still not over. General Motors has announced that it will pay $1,400 to owners of 2020-2022 Chevrolet Bolt EVs and Bolt EUVs who haven’t got their batteries replaced yet. This is essentially an upfront payment to customers as part of an expected class action settlement. To get the $1,400, Bolt EV and EUV owners have to install a piece of diagnostics software that GM says will detect whether…