China's Xpeng Launches Two Smart EVs For Europe

RTTNews | 740 days ago

(RTTNews) - Chinese electric vehicle startup Xpeng announced the launch of its two latest smart EV models for a number of European markets.

Xpeng G9 flagship SUV, and the new P7 sports sedan are now available for order in Denmark, Norway, the Netherlands, and Sweden.

Both models are on show at eCar Expo 2023 in Stockholm from February 3 to 5.

The company is opening new Delivery and Service Centers in the key markets. The center at Lørenskog in Norway will open in February, while Badhoevedorp in the Netherlands, Stäket, Järfälla in Sweden and Hillerød in Denmark will open in the second quarter.

Deliveries for the new P7 will begin in June and G9 deliveries are expected to commence in September.

XPENG will also open additional authorized service locations with dedicated partners in key European countries by the end of 2023.

Further, the company will collaborate with major European third-party charging operators and mobility service providers, allowing customers to use over 400,000 public charging stations in Europe.

With its new models, XPENG will provide third party home charger and installation services together with local partners.

G9 features XPENG's latest powertrain system with 800 V Silicon Carbide or SiC platform for ultra-fast charging of up to 300 kW, and battery technology, which allows the vehicle to travel up to 570 km WLTP on a single charge. It also features advanced driver assistance system or ADAS, fully complemented by a luxurious and immersive cabin experience.

The new P7, an upgraded version of P7, combines its signature sports sedan profile with greater range, faster charging and a brand new smart cabin. The vehicle has been optimized with the maximum charging power of up to 175 kW. P7's range has been improved, offering up to 576 km WLTP on a single charge.

XPENG G9 and P7 are both engineered to meet E-NCAP five-star safety standards and stringent EU WVTA vehicle certification.

XPENG offers a five-year/120,000 km warranty as standard for hassle-free ownership. For customers ordering new P7 sedan or G9 SUV between February 3 and December 31, 2023, the standard warranty will be extended to seven years/160,000 km from the date of delivery.

European Shares Likely To Open On Steady Note Before US Inflation Test

European stocks look set to open on a firm note Wednesday as investors await U.S. CPI data and Fed Chair Jerome Powell's testimony before the House Financial Services Committee later in the day for more insight on interest rates, trade tariffs and economic outlook.

RTTNews | 5h 43min ago

Sensex, Nifty Extend Losses On Trade War Fears

Indian shares were sharply lower on Wednesday on fears of a trade war and potential inflation.

RTTNews | 6h 35min ago

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as traders remain cautious amid raising fears of a brewing global trade war and its impact on inflation. They also reacted to US Fed Chair Jerome Powell's cautious remarks on interest-rate cuts and awaited the release of U.S. CPI data for additional clues on future monetary policy.

RTTNews | 7h 47min ago

Australian Market Turns To Green In Mid-market

The Australian stock market turns to green in mid-market trading on Wednesday after opening in the red, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,500 level, following the mixed cues from Wall Street overnight, with gains in energy and financial stocks partially offset by weakness in mining and technology stocks.

RTTNews | 8h 16min ago

Sensex, Nifty Set For Muted Open

Indian shares look set to open on a positive note Wednesday, though volatility cannot be ruled out in the wake of lingering concerns over ongoing foreign fund outflows, signs of slowing corporate earnings growth and geopolitical tensions involving Israel and Hamas.

RTTNews | 8h 39min ago

Indonesia Stock Market May End Losing Streak

The Indonesia stock market has finished lower in five straight sessions, slumping more than 540 points or 7.9 percent in that span. The Jakarta Composite Index now sits just above the 6,530-point plateau and it's overdue for support on Wednesday.

RTTNews | 9h 44min ago

Japanese Market Modestly Higher

The Japanese stock market is modestly higher in post-holiday trading on Wednesday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 38,800 level, with gains index heavyweights, exporter and technology stocks partially offset by weakness in automakers and financial stocks.

RTTNews | 9h 50min ago

Mild Upside Seen For Hong Kong Stock Market

The Hong Kong stock market on Tuesday ended the three-day winning streak in which it had rallied more than 820 points or 3.9 percent. The Hang Seng Index now rests just beneath the 21,300-point plateau and it's looking at a steady start for Wednesday's trade.

RTTNews | 9h 57min ago

EURUSD	1.03595	GBPUSD	1.2447	AUDUSD	0.62917
USDJPY	153.554	USDCAD	1.42966	USDCHF	0.91311