Xpeng, Geely Auto's shares fall on concerns about BYD's smart driving push

Quick Summary:

SHANGHAI : Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on worries that they will struggle to compete against BYD's move to offer smart driving features across almost all of its line-up for free.Xpeng's shares fell 5.

BYD's Hong Kong-listed shares added 0.9 per cent to reach a record high.

FILE PHOTO: Visitors look at MONA M03 electric vehicles (EV), displayed outside the venue of XPeng's launch event, in Beijing, China August 27, 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongUnited States

Topics: Electric Beijing 2024 Auto Photo: Xpeng China Shares Geely File Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 10:20:20 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 178 words

Reading Time: 1 minutes read

Sentences: 21 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26062150

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