Edgen AI operates independently of, and is not controlled by Aspen Digital Financial Limited.
XPeng flying car secures 7,000 orders ahead of 2026 mass production
Edgen Stock·Jul 16 2026, 12:49Share to
Share to
Copy link
[1] XPeng Group: Will achieve mass production of its first flying car this year, XPeng flying car has received over 7,000 orders (https://wallstreetcn.com/livenews/3135078 ...)[2] XPENG Wants to Be the Apple of Robotics With Its IRON Humanoid (https://www.talkandroid.com/528210-xpeng-iron ...)[3] XPeng’s New ‘Budget’ EV Looks Like the Ferrari Luce (https://www.wired.com/story/xpeng-new-budget- ...)[4] Tech from automakers wows CES (https://global.chinadaily.com.cn/a/202501/13/ ...)[5] XPeng's flying car splits into a road EV and a two-seat aircraft, with deliveries due late 2026 (https://www.msn.com/en-us/autos/general/xpeng ...)
Related News
Jul 16 2026, 14:12
XPeng launches MONA L03 at 123,800 yuan in global EV push
XPeng's MONA L03, priced from 123,800 yuan ($17,100) in China and €35,600 ($40,000) in Europe, brings a 320-mile WLTP range and camera-only autonomous driving to the mass EV segment, directly challenging Tesla's Model Y and Volkswagen's ID.4. "This is the company's mass-market play, priced to sit below its G6 Tesla Model Y competitor and to sell in volume," Rafik Ferrag, head of creative design at XPeng, said at the Munich launch event. The L03 achieves a 0.228 drag coefficient and can charge from 10% to 80% in 20 minutes. Top variants hit 60 mph in 4.5 seconds, while the base model takes 7.5 seconds. The Ultra trim features L2++ hands-off navigation powered by XPeng's trio of Turing 7-nanometer AI chips, though the company confirmed the vehicle lacks the hardware redundancy for future L4 autonomy. The global version launches in 60 countries across Europe, Latin America, the Middle East, and Asia-Pacific. XPeng shares face a pivotal test as the L03 enters a price war with BYD's Seagull and Dolphin models in China while competing against the Volkswagen ID.4 and Tesla Model Y in Europe. The company's decision to bring its latest VLA 2.0 intelligent driving system to global markets — rather than older technology — sets it apart from other Chinese exporters. **Ferrari DNA at a Mass-Market Price** The L03's exterior bears a resemblance to the Ferrari Luce, a similarity explained by XPeng's design chief JuanMa López, who led Ferrari exterior design from 2010 to 2018 and shaped models including the LaFerrari and SF90 Stradale. The interior features heated and cooled massage seats, 256-color ambient lighting, a 15.6-inch 2.5K central screen, and a 27-inch head-up display — equipment typically found in vehicles priced two segments higher. "Twenty years ago, it was impossible for an entry-level car to afford the technology or even the decorative elements that a luxury car has. Today, that's no longer true," Ferrag said. "Our goal as designers is to reach the top level." **Camera-Only Autonomy vs. Lidar Rivals** XPeng joins Tesla in the no-lidar camp for autonomous driving, relying on cameras and compute power rather than the lidar sensors used by BYD, Zeekr, and Nio. Xianming Liu, XPeng's senior director of engineering, said the L03's camera system and Turing chips are sufficient for L2++ capabilities, but the vehicle cannot reach L4 autonomy because it lacks six levels of hardware redundancy required for full self-driving. The VLA 2.0 system, tested on Munich streets ahead of the launch, impressed reviewers with smooth driving behavior in low-light conditions, according to CleanTechnica's first-hand account. European regulations permitting hands-off driving are expected to take effect by the end of 2026, with XPeng planning an over-the-air update to activate the feature in 2027. **Investment Implications** XPeng's L03 launch represents a bet on volume over margin in the world's most competitive EV market. The 123,800 yuan starting price undercuts BYD's Seal, which starts at 179,800 yuan, and positions the L03 directly against the BYD Dolphin and Volkswagen ID.3. In Europe, the €35,600 price tag undercuts the Tesla Model Y by roughly €10,000. The company delivered about 190,000 vehicles in 2025, ranking outside China's top 10 by volume. Success of the L03 — targeting 60 countries — could meaningfully close that gap. XPeng trades at roughly 1.2 times forward sales, a discount to BYD's 1.8 times, reflecting the market's skepticism about its ability to scale profitably. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 14:12
Semiconductor ETF slides 3% as TSMC capex hike fuels rotation
The semiconductor ETF slid nearly 3% at the open, leading a tech selloff after Taiwan Semiconductor Manufacturing Co. raised its 2026 capital expenditure outlook to as much as $64 billion. The VanEck Semiconductor ETF dropped 2.2%, with TSMC shares falling 4.6% after the chipmaker posted a record second quarter but boosted its full-year capex range to $60 billion to $64 billion from $52 billion to $56 billion. Revenue rose 33.7% to $40.2 billion and net profit jumped 77.4% to about $22.4 billion, yet investors focused on the rising cost of the AI buildout. Arm Holdings declined 4%, Intel slid 2.8% and STMicroelectronics fell 4.6% as the spending reset rippled across the supply chain. In Seoul, SK Hynix tumbled 11%. The rotation into defensive names accelerated as the consumer staples ETF rose 1.5%, while the global technology index ETF fell nearly 2%. The S&P 500 slipped 0.4% to 7,545, the Nasdaq Composite dropped 0.8% to 26,057, and the Dow Jones Industrial Average held near flat at 52,731, supported by a 6% surge in UnitedHealth Group after the health insurer topped earnings expectations. Abbott Laboratories also gained 12.5% on its results, while Erie Indemnity rose 7.5% and J.B. Hunt Transport Services added 7.1%. On the downside, Coterra Energy fell 8.6%, Corning dropped 7.6% and Seagate Technology declined 7.5%, reflecting broad-based selling beyond semiconductors. The Russell 2000 edged up 0.3% to 2,990, suggesting small-cap stocks were relatively insulated from the tech-led pressure. June retail sales rose 0.2% month over month, matching consensus estimates but slowing from May's revised 1% gain, showing consumer momentum is easing. The wholesale inflation reading unexpectedly declined, adding a favorable data point for the Federal Reserve's rate path. The Cboe Volatility Index edged higher as traders weighed whether the AI infrastructure buildout is getting ahead of itself. Dell Technologies remained under pressure after a 10% slide in the prior session on similar concerns, while Microsoft is reportedly sharpening its AI sales pitch against OpenAI and Google, training teams to sell Azure as the full-stack enterprise AI platform. The divergence between tech and defensive sectors shows a market grappling with competing narratives: favorable inflation data supports rate-cut expectations, but rising capex commitments from chipmakers raise questions about returns on AI investment. With earnings season accelerating, investors will watch for guidance from other semiconductor and tech names to gauge whether the spending cycle is sustainable. This article is for informational purposes only and does not constitute investment advice.
Jul 16 2026, 14:10
Corning plunges 8% as insider sales, options bets hit optical stocks
Corning Inc. fell more than 8% on Wednesday, extending its decline from a record high as a broad selloff swept through US optical communications stocks. "Corning is testing a historically bullish trendline at its 80-day moving average, a setup that has preceded higher prices one month later 72% of the time over the past decade," said Rocky White, senior quantitative analyst at Schaeffer's Investment Research. The stock closed at $174.41, down 7.1%, after touching an intraday low near $171. Marvell Technology dropped more than 6%, while Lumentum, Coherent and Credo each fell over 5%. The selloff occurred even as the broader market advanced, with the S&P 500 rising 0.38% to 7,572.40 and the Nasdaq Composite gaining 0.62% to 26,269.23. An institutional trader purchased weekly put contracts on Tuesday, betting on further downside ahead of the company's second-quarter earnings report scheduled for July 28. The pullback has erased more than $35 billion in market value since the stock peaked on June 30, when its trailing price-to-earnings multiple had surged past 90 times — well above its five-year historical median. Chief Executive Wendell Weeks sold 100,000 shares at an average price of $186.46 in June, generating $18.6 million, while Senior Vice President Soumya Seetharam sold 20,000 shares at about $206 in May. Combined insider sales exceeded $54 million with no corresponding insider purchases, according to filings. Wall Street remains broadly bullish, with 10 analysts rating the stock a buy and six neutral, and a consensus price target of $194.69 implying about 12% upside from current levels. The optical communications sector's decline comes as investors reassess valuations following an AI-driven rally that lifted Corning and its peers to record levels. Corning, a key supplier of fiber optic and optical connectivity solutions for data centers, had benefited from enthusiasm around artificial intelligence infrastructure spending. However, the stock's trailing P/E multiple above 90 times created vulnerability to any negative signals. Short interest in Corning fell 13.7% during the most recent reporting period, representing 2.6% of the float, or less than two days' worth of trading volume. Wall Street expects Corning to report core earnings per share of $0.75 to $0.76 on revenue of about $4.60 billion for the second quarter. The company beat first-quarter estimates in April, delivering EPS of $0.70 on revenue of $4.34 billion, up 18.1% year over year. This article is for informational purposes only and does not constitute investment advice.