News Snapshot:
Zhang Bing | Light Rocket | Getty Images Chinese electric car maker Xpeng has released details of two new vehicles it plans to launch next year, with one positioned to be a competitor to Tesla’s Model Y. Currently, the company has four vehicles for sale – the flagship P7 sedan, a cheaper P5 sedan, the G3 SUV and the larger G9 SUV that will begin delivering to customers in October. Xpeng has been bold in launching vehicles as it looks to gain a share in China’s fast-growing electric vehicle market and is challenging leaders such as Tesla and Warren Buffett-backed...
