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Higher-margin services adjacent to its car business boosted overall results.

Heavy spending on commerce weighed on its margins and cash flow.

Strong results were offset by higher expenses and a warning of increased spending in 2026.

NEV growth and an improved product mix supported the carmaker’s earnings, but profit expansion remained uneven.

A rush to popularize the Western-developed tool has evoked shades of DeepSeek fever.

Bringing you the latest updates on funding and investment activity across the Asia Pacific.

The funding will support the Xpeng subsidiary in scaling production of its modular eVTOL vehicle.

Data shows USD 5.4 billion raised in 2025, just a quarter of the 2021 peak.