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Erajaya, a family-owned retailer known for smartphones, is entering the electric vehicle market through a partnership with Chinese EV maker Xpeng, aiming to leverage its retail expertise and connections in Indonesia. Meanwhile, SCI Ecommerce has appointed Lazada co-founder Magnus Ekbom as CEO and acquired his AI startup, SEAI Technologies, to enhance its cross-border ecommerce strategy with AI and automation.
Chinese EV manufacturers like BYD are intensifying competition against Tesla in self-driving technology by offering advanced systems for free, while Tesla charges nearly $9,000 for its Full Self-Driving feature in China. BYD's God’s Eye system matches Tesla's capabilities but at a lower production cost due to cheaper sensors and vertical integration, allowing for significant data advantages from a vast EV fleet. This shift underscores the growing threat to Tesla's dominance in the global EV and autonomous driving market.
China's EV market is undergoing intense price competition as automakers adapt to the end of government subsidies, with BYD and Tesla facing sales challenges while Geely and startups like Xpeng thrive. Analysts predict further price cuts as companies navigate a market with excess production capacity. Overseas expansion is becoming vital for growth, despite facing protectionist tariffs in key markets.
Tesla's Shanghai Gigafactory has seen a 15% year-on-year drop in deliveries for May, marking the eighth consecutive month of decline, with total deliveries down 17.6% for the first five months of 2025. Increased competition from local EV manufacturers, offering more affordable and tech-rich models, has pressured Tesla's market share in China, which has fallen from 16% in 2020 to just 6% in 2023. Meanwhile, Chinese EV makers like BYD are expanding globally, leveraging their domestic success amid intense local competition.
XPeng Inc. reported a quarterly EPS of ($0.19), exceeding estimates of ($1.36), with revenues of $2.21 billion, significantly below the $16.11 billion forecast. The company, which designs and manufactures smart electric vehicles in China, has a negative return on equity of 16.92% and a net margin of 15.35%. Analysts predict an EPS of -0.96 for the current fiscal year, with a consensus rating of "Hold" and an average price target of $22.20.
China's wholesale sales of passenger new energy vehicles (NEVs) reached 1.14 million units in April, marking a 42% year-on-year increase and a 1% rise from March. Major contributors included BYD with 372,615 units, Geely at 125,563, and SAIC-GM-Wuling with 77,878 units. The January-April period saw total NEV sales estimated at 4 million units, driven by strong performances from both leading and second-tier carmakers.
At Auto Shanghai 2025, Huawei showcased its 'Auto Wintel' ecosystem, positioning itself as a key player in China's smart vehicle industry without being a car manufacturer. By providing a full tech stack through models like "Huawei Inside," the company enables automakers to enhance efficiency and speed in development, while also presenting a dilemma: adopt Huawei's solutions and risk losing independence or pursue slower, self-developed alternatives. This shift is creating a divide in the automotive landscape between Huawei's ecosystem and Western technologies.
Citigroup has reissued a "buy" rating for NIO, which currently holds an average rating of "Hold" among analysts, with a target price of $5.05. HSBC Holdings significantly reduced its stake in NIO by 70.1%, while other institutional investors have increased their holdings. NIO's stock is down 4.5%, trading at $4.05, following a quarterly earnings report that missed expectations, showing a revenue of $2.70 billion and a negative EPS of ($0.47).
Tesla, despite being the top-selling EV brand in the US, faces challenges as its stock plummets nearly 40% since January, prompting a search for a new CEO amid concerns over Elon Musk's focus on politics. The company reported a 71% drop in first-quarter profits, attributing struggles to shifting trade policies and a competitive market, while global rivals enhance their offerings. Musk plans to refocus on Tesla, acknowledging that his political engagements may have harmed the brand's appeal among progressive consumers.
Tesla's domestic retail sales in China reached 26,000 units over the past four weeks, reflecting a 7% year-on-year decline. New orders for April are projected at 40,000 units, down 23% year-on-year. Meanwhile, BYD's retail sales totaled 238,000 units, while Xpeng and Li Auto expect deliveries of 34,000 units each, showing significant year-on-year growth. Xiaomi's deliveries are anticipated at 28,500 units, down 2% from March, primarily due to a drop in new orders.
XPeng Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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