AUTOMOTIVE NEWS CHINA
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Slow sales of the ID4 X and ID4 Crozz have been blamed on a lack of smart tech features, fierce competition, a late launch compared to Tesla and Chinese EV makers as well as hiccups with VW's new EV sales network.
A share sale in Hong Kong gives stateside-traded Chinese companies such as Xpeng a foothold that acts as a hedge against the risk of being kicked off U.S. exchanges, while allowing them to broaden their investor base closer to home.
Tesla drivers will be able to travel to tourist attractions including the Kumtag Desert, the Turfan volcano and Sayram Lake.
The recent drop in vehicle production accelerated in the first ten days of June amid the semiconductor crunch, according to a tally the China Association of Automobile Manufacturers released Thursday.
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