XPeng delivers 33,525 Smart EVs in May
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8 hours ago
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XPENG Launches Global Localization Strategy in Indonesia with First Locally-produced X9 Delivery
Indonesia has become the first country in the world where XPENG has localized its vehicle production. XPENG's Purwakarta factory rolled out the first locally produced X9 and delivered it to customer at the 2025 Gaikindo Indonesia International Auto Show (GIIAS). This milestone marks the official launch of XPENG's global localized manufacturing strategy, starting from Indonesia. XPENG New G6 made its debut at GIIAS 2025, featuring 800V architecture, 5C ultra-fast charging AI battery, which allows it to charge from 10% to 80% in just 12 minutes. JAKARTA, Indonesia, July 25, 2025 (GLOBE NEWSWIRE) -- XPENG Motors ("XPENG" or the "Company"; NYSE: XPEV, HKEX: 9868), a leading China-based high-tech company, marked a significant milestone by delivering its first locally produced XPENG X9 at the 2025 Gaikindo Indonesia International Auto Show (GIIAS). This achievement follows the commencement of operations at XPENG's inaugural overseas production base in Indonesia, realizing the company's strategic localization initiative. Meanwhile, XPENG unveiled its New G6 at GIIAS, just two weeks after its successful European launch, demonstrating the company's accelerated global expansion officially delivered the first locally produced X9 at GIIAS At GIIAS, Xiaopeng He, Chairman and CEO of XPENG, announced via video that XPENG has chosen Indonesia to be the first overseas production base, starting XPENG's global manufacturing deployment. As Southeast Asia's largest automotive market, Indonesia has special strategic significance for XPENG. The establishment of local production in Indonesia, not only represents key milestone in XPENG's global expansion, but also enhances the company's responsiveness to local market needs. It enables more tailored intelligent electric mobility solutions for Southeast Asia, and accelerates the adoption of cutting-edge technologies across the first locally produced XPENG X9 rolled off On July 1, the first locally produced XPENG X9 officially rolled off the production line in Indonesia. This intelligent electric MPV, which seamlessly blends spaceship-inspired design with family-oriented practicality, has already won the favor of 30,000 families worldwide. To demonstrate the capabilities of X9, three Chinese XPENG owners set off from Guangzhou, China on July 5, driving X9 through Laos, Thailand, Malaysia, and Singapore before reaching Jakarta, Indonesia. A nearly 2,485-mile journey that marks the first time a Chinese pure electric MPV traversed Southeast Asia and crossed the equator, and successfully overcame unstable conditions along the way. Equipped with an ultra-comfortable smart cockpit, a leading intelligent driving system, and standard rear-wheel steering, X9 sets a new benchmark in smart mobility. These features align precisely with the needs of Indonesian families. Notably, X9 had already become Hong Kong's best-selling MPV in June, a testament to XPENG's growing momentum in the Asia-Pacific EV market and its emerging leadership potential in the global premium smart EV X9 in Indonesia XPENG also debuts New G6 at GIIAS, which is powered by Qualcomm Snapdragon 8295 chipset and NVIDIA Orin-X processor. It boasts 7.5x the AI processing power and 3x the graphics speed of mainstream competitors in Indonesia, fueling its immersive digital cockpit and advanced driver assistance new G6 made debut at GIIAS "Indonesia embraces some of the world's most respected manufacturing ambitions. Our investment here building facilities, nurturing talent, reflects our commitment to bringing advanced technologies to Indonesia. This is our pledge," said Xiaopeng He, Chairman and CEO of XPENG. Building on this commitment, XPENG will continue to expand its global footprint, driving innovation and fostering sustainable growth. About XPENGFounded in 2014, XPENG is a leading Chinese AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility. To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province. XPENG is listed at the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868). For more information, please visit Media Enquiries:XPENG PR DepartmentEmail: pr@ XPENG Motors Photos accompanying this announcement are available at A video accompanying this announcement is available athttps:// in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Yahoo
BofA Securities Affirms ‘Buy' Rating on Alibaba Group (BABA) on Food and Delivery Services Growth
Alibaba Group Holding Ltd. (NYSE:BABA) is one of the growth stocks that could double by 2027. On July 11, BofA Securities reiterated a 'Buy' rating on the stock but cut its price target to $135 from $145. The adjustment is in response to the Chinese tech giant increasing its investments in food and on-demand delivery services. Pieter Beens / Following the investments, Alibaba's food and on-demand delivery services have experienced significant growth. The orders have increased from 30 million per day to 60 million per day by June, following the launch of Taobao Insta-shopping. The increase has occurred amid a significant rise in traffic on the Taobao App and substantial consumer subsidies. BofA cut its price target on concerns that losses attributed to the investment have increased to RMB 10 billion. Nevertheless, Alibaba has announced plans to invest RMB 50 billion in food and on-demand delivery, seeking to accelerate growth in this segment. Alibaba Group Holding Ltd. (NYSE:BABA) is a Chinese multinational company that operates e-commerce platforms, connecting buyers and sellers in various ways. It enables business-to-business (B2B) and business-to-consumer (B2C) transactions and also offers services in digital media, cloud computing, and fintech. While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
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NVDA: Nvidia B200 Chips Fuel $1 Billion Black-Market Surge in China
July 24 - A Financial Times report reveals that Nvidia's (NASDAQ:NVDA) high?end B200 AI processors have quietly made their way into China's data centers, even after new U.S. curbs barred sales of the chip. Contracts and insider accounts show Chinese distributors offering rack?mounted arrays of eight B200s for roughly RMB 3 million3.5 million ($489,000) apiece, down from more than RMB 4 million in mid?May. The shipments, valued at about $1 billion over three months, bypass official channels under local tariff rules but violate U.S. export restrictions. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Nvidia declined to confirm involvement, noting that stitching together datacenters from smuggled products is a losing proposition without direct company support. Infrastructure kits originated with Super Micro Computer (NASDAQ:SMCI), while partners such as Dell (NYSE:DELL) and Asus maintain they enforce strict compliance with export laws. There are other chips (Nvidia has its H100 and H200 GPUs) sold in online stores and on social media posts in Guangdong and Zhejiang provinces in addition to the B200. According to observers, unregulated exchanges of high-tech AI hardware may compromise the objectives of U.S policy, and ramp up the track of the mushrooming AI industry in China. In both countries, regulators are said to be considering the gaps in the supply chain as governments attempt to combat the export of chips in violation of restrictions. This article first appeared on GuruFocus.
