logo
Xpeng begins deliveries in Indonesia

Xpeng begins deliveries in Indonesia

Yahoo28-07-2025
Guangzhou Xiaopeng Motors Technology Company (Xpeng) has officially entered the Indonesian vehicle market after it delivered its first model, the locally-assembled X9 flagship MPV, to a local customer at the Gaikindo Indonesian International Auto Show in Jakarta in July.
The Chinese battery electric vehicle (BEV) manufacturer also launched its G6 battery powered sedan at the show, based on an 800V architecture and featuring a 5C ultra-fast charging AI battery which can be charged from 10% to 80% in just 12 minutes. The vehicle, which uses the Qualcomm Snapdragon 8295 chipset and Nvidia Orin-X processor to power its 'immersive digital cockpit and advanced driver assistance systems, was launched in Europe just two weeks earlier.
Switch Auto Insurance and Save Today!
Affordable Auto Insurance, Customized for You
The Insurance Savings You Expect
Great Rates and Award-Winning Service
Xpeng confirmed that Indonesia has become its first overseas production location, representing a key milestone in the implementation of the company's 'global localized manufacturing strategy.' The first Xpeng model, the X9, rolled off the production line in Indonesia at the beginning of July. The assembly facility, located in Purwakarta, in West Java, is owned by its local distributor Erajaya Active Lifestyle (ERAL), a subsidiary of Indonesia's Erajaya Group.
Xpeng suggested that Indonesia 'not only represents a key milestone in Xpeng's global expansion, but also enhances the company's responsiveness to local market needs. It enables more tailored intelligent electric mobility solutions for Southeast Asia, and accelerates the adoption of cutting-edge technologies across the region.'
Xpeng said it aimed to set new segment benchmark with its X9, which features 'an ultra-comfortable smart cockpit' and advanced intelligent driving system with standard rear-wheel steering.
"Xpeng begins deliveries in Indonesia" was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US-China Trade Truce Extended; China Urges Firms to Avoid Nvidia Chips
US-China Trade Truce Extended; China Urges Firms to Avoid Nvidia Chips

Bloomberg

time34 minutes ago

  • Bloomberg

US-China Trade Truce Extended; China Urges Firms to Avoid Nvidia Chips

US equity futures are little changed ahead of key inflation data. President Trump has extended a pause of higher tariffs on Chinese goods for another 90 days. Beijing has urged local companies to avoid using Nvidia's H20 processors, which the chip giant had agreed to share sales revenue of with the US government. Paul Donovan of UBS Global Wealth Management and Priya Misra of JPMorgan Asset Management preview the US CPI data. Norway Wealth Fund CEO Nicolai Tangen joins following the fund's best quarter since late 2023 and says that US inflation could be persistent. 'Bloomberg Brief' delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)

‘Bizarre' Nvidia, AMD chip export deal with Trump raises legal questions
‘Bizarre' Nvidia, AMD chip export deal with Trump raises legal questions

The Hill

time2 hours ago

  • The Hill

‘Bizarre' Nvidia, AMD chip export deal with Trump raises legal questions

Two major chipmakers in the U.S., Nvidia and AMD, have struck an unusual agreement with the federal government to share some of their revenue from chip sales to China — a deal that experts say raises constitutional questions and may set a concerning new precedent. The two firms have agreed to share 15 percent of the revenue generated from selling advanced artificial intelligence (AI) chips to China in order to secure export licenses after a months-long pause, a U.S. official confirmed to The Hill on Monday. 'It's bizarre in many respects and pretty troubling because Congress didn't have anything to say about this,' said Gary Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics. 'It's just the president's own negotiating with the individual companies,' he continued. 'That's not how historically we've done business in this country.' Under the agreement, Nvidia will share 15 percent of its revenue from H20 chip sales to China, while AMD will share the same portion of its MI308 chip sales. Both the Nvidia and AMD chips in question, which are graphics processing units (GPUs) designed for the Chinese market with U.S. export controls in mind, faced new restrictions from the Trump administration in April, effectively blocking sales to China. Last month, Nvidia and AMD said the U.S. government had assured them it would begin approving export licenses for the H20 and MI308 chips, although the Commerce Department reportedly did not start issuing licenses for several weeks. The new revenue-sharing agreement comes after Nvidia CEO Jensen Huang met with President Trump at the White House last week, according to Bloomberg. Huang has found himself in a tricky situation, balancing Washington and Beijing's interests as both countries vie for AI dominance. 'We follow rules the U.S. government sets for our participation in worldwide markets,' an Nvidia spokesperson said in a statement. 'While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide.' 'America cannot repeat 5G and lose telecommunication leadership,' they added. 'America's AI tech stack can be the world's standard if we race.' Nvidia dominates the market for GPUs, the chips powering the AI boom, fueling the company's rapid growth over the past few years. It became the first company in the world to reach a market capitalization of $4 trillion last month. AMD holds a much smaller share of the market, although it remains a key player. The agreement appears to remove a major impediment for both companies. Nvidia said earlier this year it incurred $4.5 billion in charges associated with the chip restrictions in the first quarter and expected an $8 billion sales hit in the second quarter. AMD forecast a $1.5 billion hit to revenue this year. The deal represents a notable shift in how the government approaches export controls. 'It's quite extraordinary because it turns the export control function of the government into a money-raising proposition, and that's never happened before,' Hufbauer said. The U.S. government is barred from imposing taxes on exports under both the Constitution and federal law. 'In addition to the policy problems with just charging Nvidia and AMD a 15% share of revenues to sell advanced chips in China, the US Constitution flatly forbids export taxes,' Peter Harrell, a nonresident fellow at the Carnegie Endowment for International Peace, wrote in a post on X. 'In addition to the Constitution, 50 USC 4815(c) expressly prohibits fees for export control licenses,' Harrell, who served as senior director of international economics in the Biden administration, added. It's unclear whether the 15 percent cut from Nvidia and AMD's revenues would count as an export tax because 'it looks like the companies just decided to make this payment in order to further their business,' Hufbauer noted. It's also not entirely clear who would have standing to challenge the move in court — an outcome Hufbauer suggested is ultimately unlikely. Even so, the agreements with Nvidia and AMD are likely to face pushback. The Trump administration's decision to allow Nvidia to resume H20 sales to China has already been a source of concern among both Democrats and Republicans, who have warned that it could boost Beijing's AI capabilities. Commerce Secretary Howard Lutnick has argued the administration is only giving China Nvidia's 'fourth best' chip. This represents an approach to export restrictions, largely supported by the semiconductor industry, that chipmakers should be allowed to sell some chips to China to prevent its national champion Huawei from gaining ground. However, the administration's latest move creates a new set of concerns. 'It raises concerns, certainly for many national security minded folks, of — are we now selling export control licenses? Is there a way that Nvidia will be able to buy licenses to sell more advanced chips than they're currently able to?' said Owen Tedford, a senior research analyst at Beacon Policy Advisors. Stacy Rasgon, a senior analyst at Bernstein Research, underscored that it makes sense for Nvidia and AMD to take a 15 percent cut because '85 percent is better than nothing.' However, he added, 'It feels like a little bit of a slippery slope. What's next? Where does it stop? Does it stop with China AI? Does it move to other China stuff that's under export control? In that case, sometimes there's a reason that there's export controls. Can you buy your way out of them? Strategically that's not great.' The deals could be a 'template' that other companies facing export controls try to follow, Tedford noted. 'It's somewhat unique in the way that they only would have happened with Trump as president,' he said. 'If we'd had a Biden or Harris administration and even if you'd had the same kind of on and off of these H20 chips, this really speaks to Trump's transactional nature, his desire to get some sort of win.' 'It raises questions about how — and I think this gets to some of more general concerns with the Trump administration — just policy feels like it's for sale in some ways, like policy outcomes,' Tedford added. 'If companies are big enough or strong enough, they can basically buy the policy that they want from the Trump administration.'

Trump thinks he's meeting Putin to broker a peace deal. Putin likely has other ideas.
Trump thinks he's meeting Putin to broker a peace deal. Putin likely has other ideas.

Boston Globe

time2 hours ago

  • Boston Globe

Trump thinks he's meeting Putin to broker a peace deal. Putin likely has other ideas.

By all accounts, The only one openly talking about peace is Trump. And even he conceded Monday, during a White House press conference, that 'it's not up to me to make a deal.' Advertisement For Putin, the meeting is less about ending the war than about resetting his relationship with Trump. Put another way: He is trying to flip the script. Just last month, Trump Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up For those keeping score: Trump entered office pressuring Ukrainian President Volodymyr Zelensky by threatening to Advertisement Over time, Zelensky worked his way back into Trump's good graces. There was a Fueling that line of thinking was how Putin would hop on a call with Trump to discuss the contours of peace and then, immediately Now, Putin sees an opening to make Zelensky the villain again. He may sweeten the conversation by dangling unrelated proposals, such as concessions to the United States over Russian- and Chinese-controlled Arctic Sea trade routes — part of the same strategic zone that drew Trump's earlier interest in acquiring Greenland. But Putin's top priority will be persuading Trump to ease sanctions and reverse recent punitive measures against countries like India for buying Russian oil, revenue Putin desperately needs to fund his war. Ukraine and European leaders are correct: Whether any of that lands with Trump is unclear. He will certainly be alert for side deals, but he also appears sincere — perhaps uniquely so — in his desire to broker peace agreements worldwide, or at least to Advertisement Seven months into office, Trump has built a record of peace deals and ceasefires. Upon taking office, his officials helped administer In May, In June, he Just last week, But Trump didn't campaign on ending the war in the Caucasus in 24 hours. He made that promise about Ukraine. Realistically, he was never going to end it in a single day. Still, seven months in, it hasn't been for lack of trying. Heading into Friday's meeting, Trump says he doesn't expect to walk away with a ceasefire but hopes to better understand the 'parameters' of a potential deal. He plans to call Zelensky from the plane afterward to see if a follow-up meeting is possible. And there's always the chance he could, as he told reporters Monday, simply hear Putin out and reject everything. 'I think we'll have constructive conversations,' Trump said. 'Now, I may leave and say, 'Good luck' — and that'll be the end.' Advertisement James Pindell is a Globe political reporter who reports and analyzes American politics, especially in New England.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store