This week was a mixed bag for the tech and travel sectors. Chinese EV maker XPeng Inc. announced expansion plans in the Middle East and Africa, while China introduced new energy consumption standards for EVs.
Meanwhile, Alphabet Inc.’s Waymo paused its services due to weather conditions and the holiday travel scene was thrown into chaos by a winter storm. Lastly, Tesla Inc.’s sales in Europe continued to decline.
XPeng’s Middle East And Africa Expansion
XPeng shares rose after the company unveiled its expansion plans in the Middle East and Africa. The company held a brand launch event in Doha, Qatar, where it introduced its G9 and G6 SUVs and announced future local launches. XPeng also revealed plans to bring its P7+ sedan to the local market soon.
China’s New EV Energy Limits
China has introduced a new energy-consuming standard for EVs, the first of its kind in the world. The regulation states that an EV must not consume more than 15.1 kWh per 100 kilometers for vehicles weighing around two tonnes. The new standard, which tightens energy consumption regulations by 11%, will take effect from January 1, 2026.
See Also: Gary Black Reveals Why He Thinks Elon Musk’s Tesla Keeps Going Higher: ‘I Love The TSLA Story’
Waymo Pauses Service In San Francisco
Alphabet’s Robotaxi service Waymo paused its services in the San Francisco Bay Area due to flash flood warnings on Christmas Day. The company issued a statement on its official app saying that its services in the area were temporarily unavailable.
Holiday Travel Chaos
A powerful winter storm disrupted peak holiday travel across the Northeast, leading to widespread flight cancellations and delays. Airlines across the U.S. canceled and delayed thousands of flights as winter storm Devin brought heavy snow and hazardous travel conditions.
Tesla’s Europe Struggles
Tesla’s sales in Europe continue to decline, with an 11.8% year-on-year drop in November. The company sold 22,801 units in the region during November, down from 25,840 units last year. Tesla’s year-to-date sales from January to November also showed a 28% decline from the same period last year.
Read Next:
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Recent Comments