Electric Vehicles

The US EV maker has received a lot of support from the Chinese government.

The production of Model Y targeting the Chinese market will commence in early 2021.

The M-Byte, the firm’s first model, will start mass production in mid-2020.

Customers will be able to access and lease an Xpeng G3 model, Xiaopeng’s first released EV, on the Didi app, among other services.

The company reported a narrowing net loss of USD 352.8 million, representing a 10.3% year-on-year decrease.

The EV maker also released a redesigned ES8 model and an upgraded battery pack.

Lixiang’s first production model is not off to a good start.

While first-tier tech giants are retreating, Xiaomi and Meituan Dianping are testing the waters in the new energy vehicle sector via investments.