Chinese electric car company Xpeng continues strong sales streak, outperforming rivals

From CNBC: 2025-07-01 23:49:00

Chinese electric car company Xpeng showcased its Mona M03 coupe in Guangzhou, delivering over 30,000 cars for the eighth consecutive month. Amid a fierce price war in China, Xpeng’s U.S.-listed rivals, including Nio and Li Auto, saw mixed sales results. BYD remains dominant in the market, with over 2.1 million vehicles sold in the first half of the year. Xiaomi reported deliveries of over 25,000 electric cars in June. 1. President Biden signs $1.9 trillion COVID-19 relief bill into law, providing $1,400 stimulus checks to millions of Americans. The bill also includes funding for vaccines, schools, and small businesses, aiming to boost the economy and help those most impacted by the pandemic.

2. Johnson & Johnson’s single-dose COVID-19 vaccine gets emergency use authorization by the FDA. The vaccine has shown to be 85% effective in preventing severe illness and 100% effective in preventing hospitalizations and deaths, providing another tool in the fight against the virus.

3. Texas Governor lifts mask mandate and allows businesses to operate at 100% capacity, citing declining COVID-19 cases and increased vaccinations. Critics argue the move is premature and could lead to another surge in cases, urging residents to continue following safety guidelines to prevent the spread of the virus.

Read more: China’s Xpeng keeps up its solid EV delivery streak against rivals