While Tesla Inc. is grabbing the headlines, Xpeng Inc. has been the hottest electric vehicle stock over the past few months as investors rapidly warm to its product strategy. The company’s Hong Kong-listed shares have surged 93% from an August low, far outpacing gains in peers from Tesla to fellow Chinese EV maker Nio Inc….
A breakneck rally in Tesla Inc. shares on Friday catapulted the electric-vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon Musk’s company. Shares of the company closed up 8.2% at $321.22 Friday, taking their gains this…
China’s electric vehicle makers are on track to hit ambitious annual sales targets as they emerge as the victors from an intense price war that’s seriously wounded legacy foreign brands in the world’s biggest auto market. Analysis by Hyperdrive points to an improved picture for the major Chinese EV players at the end of the…
Mercedes-Benz Group AG was once a standard-bearer of automotive refinement, but swooning sales and profits underscore how even the lucrative upscale end of the car market is feeling the heat from China. Manufacturers led by BYD Co. have opened a new front in the fight for dominance of the auto industry by redefining “Made in…
Volkswagen AG’s forthcoming Scout line of battery-powered sport utility vehicles and pickup trucks is adding gasoline-fueled internal combustion engines to the mix. Scout Motors, VW’s big bid to finally become a significant player in the US auto market, will offer its new Traveler SUV and Terra pickup in plug-in hybrid versions in addition to battery-only…
Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, priced its Hong Kong initial public offering at the top of the range to raise HK$5.4 billion ($696 million), according to terms of the deal obtained by Bloomberg News. The company priced the shares at HK$3.99 each, the terms show. It…