HONG KONG (Reuters) -Chinese electric vehicle maker Xpeng said on Friday new U.S. tariffs on Chinese EVs are detrimental to achieving carbon neutrality and green energy transition. "It will result in higher costs," Xpeng co-President Brian Gu told media in Hong Kong where the company launched two EV models. "This has no impact on Xpeng Motors at the moment, but for such a large market as a whole, I hope that in the future it can become more open, allowing global products to enter and compete."
President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.
- Earnings Call Scheduled for 8:00 a.m. ET on May 21, 2024 - GUANGZHOU, China, May 07, 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 that it will report its first quarter 2024 unaudited financial results on Tuesday, May 21, 2024, before the open of U.S. markets. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 21, 2024 (8:00