Electric Vehicles

Sales of electric cars plummeted 77.7% this year as the coronavirus outbreak put a dent in China’s auto industry.

The firm also said that the construction of two production bases in Guangdong and Shanghai will be completed in the second half of 2020.

The new battery will be first equipped on BYD’s flagship sedan model, the Han EV, slated for launch in June.

Zero Carbon System believes the streets of the future will be sweeped by AI-powered robots.

The acquisition will allow Xpeng to obtain a manufacturing license for its EV models.

The company forecasted Q1 revenues between USD 173.7 million and 179 million, below analysts’ estimates of USD 398 million. 

The P7 electric sports sedan is Xpeng’s second production model and has a driving range of about 706km per single charge.

The two companies have launched a new company that will focus on research and development of new solutions.