Search results for XPeng
Industry
Chinese EV makers move beyond cheap cars as western rivals stay in losses
Chinese electric vehicle makers are reshaping the global auto industry by securing profitability beyond price advantages, while many western rivals remain in the red despite heavy investment. Reports say Leapmotor, Nio and Xpeng have turned profitable, alongside BYD and others. Their edge is linked to vertical integration, battery supply-chain strength and new business models such as battery swapping. Western automakers face high transition costs and softer demand growth.
Mobility
Waymo unveils World Model, can it beat Tesla\'s FSD
Waymo unveiled its AI-based autonomous driving simulation technology, the Waymo World Model, using Google DeepMind\'s Genie 3 to build ultra-realistic virtual environments. Waymo said it can generate rare scenarios and create high-precision 3D environments to improve safety, while criticising Tesla\'s camera-centred approach. Tesla is moving faster on FSD, starting an AI training centre in China and shifting FSD to a subscription model. It also confirmed final specifications for the Semi electric truck.
Mobility
China\'s AutoFlight unveils 10-seat electric VTOL with CATL support
Chinese aviation startup AutoFlight has moved into the eVTOL market with backing from battery maker CATL, in a development seen as part of China\'s low-altitude economy strategy. The Shanghai-based company unveiled its 5-tonne Matrix aircraft and completed a flight demonstration at a test site near Kunshan. AutoFlight plans to expand from cargo into passenger transport and expects to obtain passenger certification within 1 to 2 years. It aims to cut air mobility costs and pursue large-scale commercialisation within 3 to 5 years.
