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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese electric-vehicle maker Xpeng forecasted first-quarter revenue below market expectations due to a sluggish economy and stiff competition. Despite posting a record revenue in Q4 and narrowing losses, mounting competition poses challenges for Xpeng's future growth.
The technology news making headlines in China today includes: - Ant Group kicks off restructuring - CATL promises EV-makers huge R&D savings - XPeng books smaller-than-expected loss https://t.co/lpSFVQMVkU
Xpeng posts positive qurater margin, but less than rivals https://t.co/oRVduF7BC5
At least three defunct Chinese EV makers are getting a new lease on life after the industry was touted as a “new productive force” — a slogan coined by President Xi Jinping to promote the development of advanced technology https://t.co/a1E5EdWyrT
