XPeng unveils mass-market EV
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 28 August 2024
⏱️ 7 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, August 28th, also known as Invidia Earnings Day, I'm Julie Morgan. |
| 0:15.4 | Ex-Pang unvails a new EV and the starting price is less than 20,000. |
| 0:20.6 | Clarna is doing more with AI and a GM Samsung deal that we first learned about |
| 0:26.8 | over a year ago has been signed. We'll begin this morning with a rundown on our |
| 0:32.3 | coverage of NVIDIA. |
| 0:34.0 | If you check out the Wall Street Breakfast newsletter, it's our daily one-page new summary |
| 0:38.9 | you'll find an earnings preview there. |
| 0:41.0 | I'll leave a link so you can sign up for the newsletter in show notes. |
| 0:44.8 | Also the Wall Street Lunch Podcast will be a little bit late today. |
| 0:48.9 | We'll do a special edition of Wall Street Lunch hosted by Kim Khan right after |
| 0:53.7 | NVIDIA reports. Now on to our top stories this morning. Chinese electric |
| 0:59.0 | vehicle maker XPang has launched its new mass market car brand, Mona, with prices starting at less than $17,000, |
| 1:06.9 | which is significantly lower than its previous offerings. |
| 1:10.3 | XPang's stock on the U.S. exchange closed 6.5% higher on Tuesday, while its Hong Kong traded |
| 1:16.8 | shares gained 3% today. |
| 1:19.5 | CNBC reported that orders for the Mona M03 Electric Coop exceeded 10,52 minutes after the car's formal launch in Beijing. |
| 1:29.4 | The M03 sedan has a range of 515 kilometers and is expected to mount a challenge to rivals like |
| 1:36.8 | BYD, Tesla, and Neo among others. |
| 1:41.6 | Artificial intelligence is taking over jobs at Clarno. others. The new technology is helping the company cut costs and improved profits. |
| 1:54.8 | Clarna said its AI assistant performs the work of 700 employees, |
| 1:59.6 | reducing the average resolution time from 11 minutes to just two. |
... |
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