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XPeng's new robotaxi offers an indirect validation of Tesla's approach to developing self-driving cars. On Monday, XPeng stock fell around 4%.
Carmaker Stellantis announced Friday it is considering selling an underutilised factory in Spain to its Chinese joint venture Leapmotor, which could save jobs in the short term but risks further strengthening Chinese automakers.The Stellantis announcement, however, is the first time a European automaker has so openly presented such collaboration on producing models with a Chinese partner.
Volkswagen is considering sharing European plants with Chinese partners while targeting deeper capacity cuts and lower production costs.