Electric Vehicles

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.

Grab’s electric cars and motorbikes will start operating in Jakarta in January 2020.