Bloomberg Technology
Chinese Electric Car Maker XPeng Reports Wider Loss
Nov.12 — XPeng Inc. Vice Chairman and President Brian Gu says the automaker hasn’t been constrained by Tesla Inc.’s price cuts and adds that the overall growth of the EV market has been turbocharged by the increased competition. He speaks on “Bloomberg Markets.”
Bloomberg Technology
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Tong YG
November 12, 2020 at 5:21 pm
Exciting to hear EV revolution. Tesla will continue to lower prices because their mission is to accelerate transition to sustainability ⚡️🙏🏽
Jc Chong
November 13, 2020 at 10:43 am
Dun think so. Tesla is lowering their pricing is because reputable competitors are coming up with better products that rival theirs and they are resorting to steep discount (lower profit margin) in an attempt to stave off competition. Nothing wrong with that, its just another business strategy but just say it as it is and not try to sugar wrap it. Lets be honest – any Business main objective is to bring in money while doing good along the way if possible.
Tong YG
November 13, 2020 at 5:12 pm
@Jc Chong I agree that any good business should lower their prices but it’s more than that. Tesla has the highest margins in the industry despite lowering prices. Made in China model y next year will be huge and outsell even the model 3. Competition is coming but it’s not for Tesla. It’s for ICE cars. Because worldwide EV sales are still in single digits (less than 5%), the total addressable market is massive. The so called “Tesla Killers” will help Tesla pave the way for EV revolution. It’s the tide that raises all ships. Exciting times ⚡️🙏🏽
Zoltán Kárpát
November 12, 2020 at 5:22 pm
1. XPeng stole Tesla IP
2. Until EVs will have 50% market share, they don’t steal market share from each other… just from gas/diesel 🤷♂️
NzmAnh Dee
November 12, 2020 at 6:48 pm
Tesla IP is free.
LTGmaster
November 12, 2020 at 11:46 pm
@NzmAnh Dee not AP IP
MrVnk811
November 13, 2020 at 8:16 am
Nothing is one … more is better
S O
November 12, 2020 at 5:28 pm
Is this the company that stole Teslas autonomous driving and than tried to pay a tesla employee a million dollars to plug a usb drive into its computer.. Your not innovating when you rely on stealing other companies intellectual property…
Austin Euler
November 12, 2020 at 11:20 pm
@Dave Froman I disagree; Tesla is the most helpful. No matter how much they want to control their own ip, they’re STILL willingly give out information for others to use. They have said that they are willing to sell their battery technology to other companies, as well as allow them to use their expansive charging network. I don’t know how much more cooperative you want them to be. A valid argument would be that Tesla forces its owners to get repairs at only Tesla auto-centers, but you could make the same case for Apple repairs. Tech companies do it too.
Dave Froman
November 13, 2020 at 12:00 am
@Austin Euler That is because Tesla is not a company focused on profits. That is not their purpose. Its not what drives Elon or anyone that works for him. The primary objective has always been the acceleration of the adoption of sustainable technologies that will end the fossil fuel era. That is why they have made their patents open to everyone. And they continue to do so. They have no fear of someone getting a leg up on them, they WANT everyone to get in the game. It does not matter to them if someone takes the technology that they do release because by the time they implement it Tesla is already 4-6 years ahead of them. Right now Nvidia is racing to try and back engineer the FSD chip that Tesla developed in house, but we already know that the V2 of said chip is already in cars rolling off the lines now. And V3 will be within the next 16 months. They do not wait to implement changes in their production until there is a model refresh.
They implement on the fly like a software company. Rapid reiteration.
Austin Euler
November 13, 2020 at 12:10 am
@Dave Froman I feel like we understand the same thing, so what is your problem with them wanting to keep parts of their IP private? That’s what I got from your earlier post, unless I’m wrong .
Dave Froman
November 13, 2020 at 12:33 am
@Austin Euler I do not believe in the capitalization of knowledge and information. Its what makes us who we are as a species. And this archaic idea that someone owns the rights to an idea is completely absurd from a scientific perspective. Everything that we have ever invented in history has owed its existence to things that have come before it. The act of invention is taking known science and technologies and combining them in new ways to make a new product or service. Just because you were first to think of it should not give you any special privileges at all. Can you imagine what would happen if we pooled mans capabilities to work on the big issues without this interference? I can. Because I understand what we are capable of in our modern era. There is virtually not a problem on earth that we could no solve today. The only reason we are not solving the issues is because if you actually solve a problem forever in our society? There is no way to profit off of it. Money does not exist to solve problems. It only exists to allow people to profit off of problems. If something is not a problem in our society? There is no way to profit from it.
Austin Euler
November 13, 2020 at 12:44 am
@Dave Froman I understand that completely.
Alexandru Malcea
November 13, 2020 at 8:10 am
Actualy, all Tesla Information is Open Source.
Dave Froman
November 13, 2020 at 8:15 am
@Alexandru Malcea Not all. They hold things on average 2 years before they open source it so they get all the kinks out before they do.
Ваня Василев
November 12, 2020 at 6:02 pm
0:39
lucky-dating.online
Carlos M
November 12, 2020 at 10:31 pm
China should be sued for spreading COVID
Richard C
November 13, 2020 at 4:42 am
Agree! USA should also be sued for spreading HIV and Swine flue
Jc Chong
November 13, 2020 at 3:36 pm
If this is the rule then USA would have been bankrupt many times over dun you agree ? Have you forgotten about the ENRON saga or the Bernie -Mack incident ? Are you the product of US education system ? If so, this is why US is gradually loosing its pole position; every citizen seems empty up there – right ?
Vitor Hugo
November 12, 2020 at 11:36 pm
Thanks guys, the numbers do not justify the hype, I think people got carried away, as far as traders, you should sell all your shares ASAP, or even set a huge short position, the stock will revert from 45 dollars back to around 30 dollars, people got carried away, but cash in on the down slope of the stock back to the low 30´s again. Regarding the products, they are better quality and cheaper and SMARTERFICATION than all the competition, THE TECH IS WORLD LEADING and Xpeng will put up a gigafactory in Europe, the USA and Africa, if they produce in South Africa this will cater for british colony countries (drive on the left side of the road), Xpeng will be launching commercial vehicles, trucks, and …. their ace is signing up a new hydrogen technology where an amorphous hydrogen fuel cell system replaces the battery space, this will start in 2024. I must say the smart cockpits are incredible because you can literally operate inside the car as if it was your home office. In conclusion, Xpeng has the low price for what a brand name legacy maker will charge double for. Sony and Apple are in trouble.
Jc Chong
November 13, 2020 at 3:33 pm
And where did you get your facts from again ? Care to share ? Or is it fake news ?
Vitor Hugo
November 13, 2020 at 4:14 pm
@Jc Chong facts are from 78% of investment community, Xpeng stock has hit 50 just an hour ago, on the way down, everybody agrees = 1000 large investors
Vitor Hugo
November 12, 2020 at 11:42 pm
The inside of Xpengs can even be music studios for any level of artist with the best sound system, comfort, and an incredible place to have conference calls from, top executives will LOVE these cars, and the performance if you want it, is incredible on the high end model, chassis porsche developed, and mid range will make a pro driver sweat. The gradual acceleration build from zero is incredibly satisfying versus the wiplash jerk of rivals that want give you a rollercoaster neck job. Xpeng is going to shake up the auto industry.
T James
November 12, 2020 at 11:54 pm
Electric cars makers should say they are competing against ICE cars instead of other EV makers.
Total car market is 100million units world wide.
Electric car is only 2 million world wide.
Logic says that you are better of eating into the ICE market shares.
Dave Froman
November 13, 2020 at 12:44 am
That was last years numbers. EV’s are doubling their market share every 14 months now. You look at the numbers for Europe and China and you see just how far behind we are in the west. China is expected to hit 16% market cap by years end. Up from 8% last year. And in Europe we are seeing EV sales double and triple over last years numbers in almost all of the countries. Hell EV’s now make up almost 72% of all new cars sold this year in Norway. Go look how far north that is on a map.
Jc Chong
November 13, 2020 at 3:28 pm
@Dave Froman In Sep UN General Assembly meeting, President Xi of China announced that China will be carbon neutral by 2060. I guessed betting big on EV, with incentives thrown in and other legislative steps to be introduced will be all the steps in the right direction.
This also highlight the beauty of Central Planning governmental style, that is resources will be channelled to make things happen. In this aspect, it is definitely more effective than democratic style of ruling dun you think ?
Adele K
November 13, 2020 at 8:01 pm
I am so impressed with this company. Xpeng is so tech, so R&D focused, which is very Tesla-esque. I also love that there’s a clear international demand, making Xpeng not just a great Chinese company but a great company, period. I hope it will be a stock for the long term as my research in August suggested it will.
Well done to everyone at Xpeng Motors.
Dirk Diggler
November 13, 2020 at 1:12 am
N.I.O. IS HEADED IN THE SAME DIRECTION !! DON’T LET CHlNA SC4M AMERICAN INVESTORS
Jc Chong
November 13, 2020 at 10:49 am
Be clear, in the world of investment – there are no victims. Just investors. You could either sit on the fence forever or take a dip. Stock market can be volatile. If you cannot stand the heat, get out of the kitchen. More importantly, stop spreading fake news. Where is the proof ? If none to offer, then keep quiet pls.
Proclaimor
November 13, 2020 at 2:34 am
If 70% of China’s electricity is still produced by coal power plants, then electric cars there are in fact fueled by coal. Is that really clean and green or is it the equivalent of saying, “ I don’t eat animals. I eat meat.”
PTT Cliff
November 13, 2020 at 2:42 am
Stop stealing foreign tech
Black Water
November 13, 2020 at 3:37 am
Good looking car… ill probably get one of those.
Ken Yup
November 13, 2020 at 4:28 am
Do not buy Chinese stocks besides alibaba,anything else might be fraud,bought penny stocks in the US equality market was really a smart choice than bought Chinese stocks,all they tried to do might was scamming your money
Jc Chong
November 13, 2020 at 10:47 am
Where is the proof ? It is ok if your believe system is different from others. It is hope that there are more discerning Youtube viewers here. It is just not because you said so is true, then it is. Where is the proof ? If there is none, just go away. Your negativity is unappreciated . Dun be another Dxxxld Txxxp. And certainly dun be a parrot.
Андрей Андреев
November 13, 2020 at 7:53 am
so ugly and cringe
Alan Falk
November 13, 2020 at 10:44 am
Tesla is the only Tesla, just wait until the new batteries the two new gigafactories, the s and p 500 inclusion and the Q4 deliveries (hint, it will be OVER 500.000 this year !!). Tesla will go trough the roof. Oh jah , the energy side of it is really taking of too !! TESLA to 800 before June.
Whiplash's Junkyard
November 13, 2020 at 2:42 pm
i bet against you, We will see at the end of the year
Alan Falk
November 13, 2020 at 3:33 pm
@Whiplash’s Junkyard the bet is on 😉
Whiplash's Junkyard
November 13, 2020 at 3:42 pm
@Alan Falk plot twist: i’m playing on both side so i always win
Whiplash's Junkyard
November 13, 2020 at 3:51 pm
@Alan Falk even better, i just sold my nio,li and xpeng shares. just before it dropped
If you can’t beat them join them, im back into tesla bull babyyyy
Robert Mroczek
November 13, 2020 at 11:11 am
An interesting thing i noted here is that when asked about the FUTURE prospects of profit margins, his answer works off of TODAY’s teslas. If we are to believe Tesla about the price reduction in batteries (that is, 1/3rd of the price in 3 years), this bodes poorly in my opinion. Of course this man knows about what tesla are doing. he simply chooses to not answer the actual question directly. Good luck to NIO though. The more EV’s, the better off we all are.
Ricky Bobby
November 13, 2020 at 11:19 am
Nio is better, also more luxury then Tesla and Xpeng
Tenzin Passang
November 13, 2020 at 3:10 pm
has NIO start selling in America? would love to test drive one.
Ricky Bobby
November 13, 2020 at 3:21 pm
@Tenzin Passang no, not yet, europe first,
Tom Lee
November 13, 2020 at 2:50 pm
are you seeing how xpeng is building these cars for their welding. they have much more to catchup to even get close to tesla
Jc Chong
November 13, 2020 at 3:31 pm
Be impartial/fair in your comments. Tesla is where it is now over a looooong period of time. It did not happen overnight right ? Such sweeping statement is either irresponsbile or short sighted, dun you agree ?