Industrials Down on Rate, Trade War Fears — Industrials Roundup
MorningStar·- Shares of industrial and transportation companies declined due to growing concerns over interest rates and trade wars. - President Trump announced a 50% tariff on Canadian automobiles and parts starting in January, heavily impacting shares of companies like Ford Motor. - Additional market pressures included Deere facing contentious union contract negotiations and XPeng reporting earnings weighed down by investments in new models and AI technologies.XPeng Posts Wider-Than-Expected Loss, Stock Falls
benzinga_article·TSLA Competitor? Xiaomi Joins NIO in Race to Build In-House Chips for Self-Driving Cars
benzinga_article·- Chinese tech giant Xiaomi has unveiled its in-house Xring D100 self-driving chip built on a 3-nm process, scheduled for commercial deployment in 2027. - The new chip features a 20-core CPU and a 16-core NPU, enabling it to run local Large Language Models with 200 billion parameters. - This development aligns with broader industry trends where competitors like NIO, XPeng, and Tesla are advancing their own autonomous driving and semiconductor initiatives.BREAKING: China's biggest auto recall hits Tesla, Xiaomi, Leapmotor and others over door escape risk
CnEVPost·- Chinese regulators announced the largest single vehicle recall in history, covering over 7 million cars from major automakers including Tesla and Xiaomi. - The recalls primarily address hard-to-identify interior emergency mechanical door releases that pose escape and rescue risks after severe crashes, alongside driver attention monitoring issues for Tesla. - Automakers plan to implement remedies such as adding warning labels, replacing covers, and deploying over-the-air software updates amid tightened safety regulations.Xpeng hits 6,000-delivery milestone in France as overseas sales set record
CnEVPost·- Chinese electric vehicle maker Xpeng achieved a cumulative delivery milestone of 6,000 vehicles in France, highlighted by the handover of a P7+ sedan. - The company experienced strong international growth, with overseas deliveries reaching a record 9,700 vehicles in July, representing a 223.33 % year-on-year increase. - Overseas markets accounted for 25.51 % of Xpeng's total deliveries in July, while global deliveries from January through July totaled 204,004 vehicles.Podcast: TSLA shareholders wake up, Xpeng targets EU, VW goes cheaper, and more
Electrek·- The Electrek Podcast covers key developments in sustainable transport and energy. - This week's episode highlights Tesla shareholders, Xpeng's European market ambitions, and VW's budget-friendly EV strategy. - The show airs live every Friday at 4 p.m. ET and is available afterward on YouTube and various podcast platforms.Xpeng’s new L03 undercuts Tesla Model Y by up to $10,000 in Europe
Electrek·- Xpeng launched its new L03 electric SUV-coupe in Europe with a starting price of €34,990, undercutting Tesla's Model Y by approximately €3,400 in Germany and around $10,000 in Norway. - The 4.65-meter electric SUV aims to compete directly with Tesla’s bestseller, and deliveries are set to begin in the fourth quarter. - This event marks Xpeng's biggest global launch, with orders opening across over 60 markets, following its debut in China under the Mona sub-brand at about 150,000 yuan (~$20,500).Xpeng taps Google Maps to clear path for smart driving's global roll-out
CnEVPost·- Xpeng announced a partnership with Google Maps to enhance its in-car navigation, utilizing the Google Maps Auto SDK for its new model, the L03, set to launch globally. - The collaboration allows Xpeng to integrate advanced navigation features and support for driver-assistance systems in overseas markets, marking it as the first APAC automaker to implement this technology. - This strategic move is expected to facilitate Xpeng's global expansion of smart driving capabilities, with pre-sales for the L03 already commenced in China.Electric Vehicle Stocks To Follow Now - July 10th
Market Beat·- MarketBeat highlights seven electric vehicle stocks to watch, including Tesla, Rivian Automotive, and NIO, based on recent trading volume. - These companies are integral to the EV sector, focusing on design, production, and related services, expected to grow significantly as the market shifts from gasoline vehicles. - Tesla, Rivian, QuantumScape, NIO, Elong Power, BorgWarner, and XPENG are specifically mentioned for their contributions to electric vehicles and battery technology.