MPV

Cabaletta Bio Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Business Update

Retrieved on: 
Thursday, March 21, 2024

In October 2023, Cabaletta received Investigational New Drug (IND) application clearance from the U.S. Food and Drug Administration (FDA) for the Phase 1/2 RESET-SSc trial.

Key Points: 
  • In October 2023, Cabaletta received Investigational New Drug (IND) application clearance from the U.S. Food and Drug Administration (FDA) for the Phase 1/2 RESET-SSc trial.
  • In November 2023, Cabaletta announced that its IND application for CABA-201 was allowed to proceed by the FDA for the Phase 1/2 RESET-MG trial.
  • Cabaletta anticipates reporting initial clinical data from the Phase 1/2 RESET-MG trial in the second half of 2024.
  • As of December 31, 2023, Cabaletta had cash, cash equivalents and short-term investments of $241.2 million, compared to $106.5 million as of December 31, 2022.

XPENG Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, March 19, 2024

Gross margin was 6.2% for the fourth quarter of 2023, compared with 8.7% for the same period of 2022 and negative 2.7% for the third quarter of 2023.

Key Points: 
  • Gross margin was 6.2% for the fourth quarter of 2023, compared with 8.7% for the same period of 2022 and negative 2.7% for the third quarter of 2023.
  • Vehicle margin was 4.1% for the fourth quarter of 2023, compared with 5.7% for the same period of 2022 and negative 6.1% for the third quarter of 2023.
  • Basic and diluted net loss per ADS were both RMB1.51 (US$0.21) for the fourth quarter of 2023, compared with RMB2.74 for the fourth quarter of 2022 and RMB4.49 for the third quarter of 2023.
  • Non-GAAP basic and diluted net loss per ADS were both RMB1.98 (US$0.28) for the fourth quarter of 2023, compared with RMB2.57 for the fourth quarter of 2022 and RMB3.23 for the third quarter of 2023.

XPENG Announces Vehicle Delivery Results for February 2024

Retrieved on: 
Friday, March 1, 2024

GUANGZHOU, China, March 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for February 2024.

Key Points: 
  • GUANGZHOU, China, March 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for February 2024.
  • In February 2024, XPENG delivered 4,545 Smart EVs.
  • On February 29, 2024, XPENG announced the rollout of unlimited XNGP ADAS function for its experienced ADAS users in China.
  • During the period from January 26 to February 26, XPENG owners’ total smart driving mileage hit 69,777,180 kilometers.

Li Auto Selects Hesai as LiDAR Supplier for its Flagship MPV Li MEGA

Retrieved on: 
Wednesday, March 6, 2024

PALO ALTO, Calif., March 6, 2024 /PRNewswire/ -- Li Auto Inc. (Nasdaq: LI), a leader in China's electric vehicle market, recently launched Li MEGA, its first high-voltage battery electric vehicle. The company's high-tech flagship multi-purpose vehicle (MPV) is equipped with Hesai Technology's (Nasdaq: HSAI) ultra-high-definition long-range LiDAR AT128, which allows for a full suite of intelligent driving capabilities.

Key Points: 
  • PALO ALTO, Calif., March 6, 2024 /PRNewswire/ -- Li Auto Inc. (Nasdaq: LI), a leader in China's electric vehicle market, recently launched Li MEGA, its first high-voltage battery electric vehicle.
  • The company's high-tech flagship multi-purpose vehicle (MPV) is equipped with Hesai Technology's (Nasdaq: HSAI) ultra-high-definition long-range LiDAR AT128, which allows for a full suite of intelligent driving capabilities.
  • "Hesai played a major role in bringing our autonomous driving suite to life and Li MEGA will bring a new standard of technological advancements to the MPV market."
  • With its unique and innovative design, Li MEGA reimagines the future of MPVs and expands upon the comfort and outstanding performance Li Auto is known for.

Global and China Automotive Smart Cockpit Design Trends Report 2023: Based on Visual Design Upgrade, Exploration of UI Gets Deeper in Terms of 3D HMI and Custom Settings

Retrieved on: 
Tuesday, February 27, 2024

DUBLIN, Feb. 27, 2024 /PRNewswire/ -- The "Automotive Smart Cockpit Design Trend Report, 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 27, 2024 /PRNewswire/ -- The "Automotive Smart Cockpit Design Trend Report, 2023" report has been added to ResearchAndMarkets.com's offering.
  • Based on visual design upgrade, exploration of UI gets deeper in terms of 3D HMI and custom settings.
  • With the enrichment of smart car functions and contents, the future interface interaction is becoming more concise, 3D intuitive, and personalized.
  • 3D HMI solutions gradually penetrate from some functions to the system desktop and even the all-scenario function solution design.

China OEMs' Model Planning Research Report, 2023-2025: China will Launch 388 New Vehicle Models, Automakers Create Abundant Brand Matrices through Multi-brand Strategy - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 15, 2024

OEMs' Model Planning Research Report, 2023-2025, combs through model planning and features of Chinese independent brands, emerging carmakers, and joint venture brands in the next 3-5 years.

Key Points: 
  • OEMs' Model Planning Research Report, 2023-2025, combs through model planning and features of Chinese independent brands, emerging carmakers, and joint venture brands in the next 3-5 years.
  • Among conventional OEMs, upcoming SUVs of Great Wall Motor and BYD will sweep more than 60% of the new vehicle models.
  • Their priority in the next 3-5 years is to provide urban coverage and promote vehicle models from top to bottom.
  • 1.1 Number of New Vehicle Models Released by OEMs, 2023-2025E
    1.2 New Vehicle Launch Plans, 2023-2025
    1.3 Sales Goals of OEMs, 2023-2025

2025 KIA CARNIVAL MPV REDEFINED: ELEVATING MULTI-PURPOSE APPEAL WITH HYBRID POWER, SOPHISTICATED DESIGN ENHANCEMENTS AND ALLURING NEXT-GEN TECH

Retrieved on: 
Thursday, February 8, 2024

Brimming with Kia's next-generation of connected car technology, the Carnival steps into the digital age with connectivity and convenience at its core.

Key Points: 
  • Brimming with Kia's next-generation of connected car technology, the Carnival steps into the digital age with connectivity and convenience at its core.
  • Embracing the distinctive "Opposites United" design language, the Carnival confidently embodies a modern and bold appearance befitting of an SUV.
  • An available wide and contoured skid plate contrasts against the black cladding on the lower rear fascia completes the exterior redesign.
  • 2 Kia Digital Key requires an eligible Kia Connect subscription and a compatible smart device with an active data plan.

"The TopBrand 2023 World's Top 500 Brand Figures" Released, Elon Musk, Bill Gates, and Taylor Swift Rank in the Top Three

Retrieved on: 
Friday, February 2, 2024

In the "TopBrand 2023 World's Top 500 Brand Figures," the top seven spots were all occupied by individuals from the United States.

Key Points: 
  • In the "TopBrand 2023 World's Top 500 Brand Figures," the top seven spots were all occupied by individuals from the United States.
  • Cristiano Ronaldo, the Portuguese football superstar, rounded out the top ten as the "goalkeeper" of the world's brand figures.
  • Dr. Wang Yong, Chairman of the Topbrand Union and founder and chairman of the China Brand Festival, announced the "TopBrand 2023 World's Top 500 Brand Figures" list.
  • Furthermore, at this summit, the "TopBrand China's Top Ten Brand Figures of the Year" was announced for the 18th consecutive year.

Li Auto Inc. January 2024 Delivery Update

Retrieved on: 
Thursday, February 1, 2024

BEIJING, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 31,165 vehicles in January 2024, up 105.8% year over year.

Key Points: 
  • BEIJING, China, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 31,165 vehicles in January 2024, up 105.8% year over year.
  • The cumulative deliveries of Li Auto vehicles reached 664,529 as of the end of January 2024.
  • Our 2024 launches will kick off in March with the official release and commencement of deliveries of our high-tech flagship family MPV, Li MEGA, alongside the rollout of the 2024 Li L7, Li L8, and Li L9.
  • Throughout this period, we are pleased to completely waive electricity and charging service fees for Li Auto users at these super charging stations.

XPENG Launches X9 Ultra Smart Large Seven-seater in China

Retrieved on: 
Monday, January 1, 2024

GUANGZHOU, China, Jan. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, announced today the official launch of the XPENG X9 large 7-seater MPV, a flagship model built on its next-generation technology architecture SEPA2.0, for the Chinese market.

Key Points: 
  • GUANGZHOU, China, Jan. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, announced today the official launch of the XPENG X9 large 7-seater MPV, a flagship model built on its next-generation technology architecture SEPA2.0, for the Chinese market.
  • Empowered by the cutting-edge SEPA2.0 architecture, the XPENG X9 redefines the conventional norms of MPV models in the market.
  • “With the launch of the XPENG X9, XPENG enriches its Smart EV portfolio, appealing to the primary market needs and promoting the adoption of autonomous driving,” said He Xiaopeng, CEO and Chairman of XPENG.
  • In 2023, XPENG unveiled the next-gen Smart EV architecture, SEPA2.0, and launched one new Smart EV model and three Smart EV model facelift versions.