China’s Xpeng sees sales turnaround in second half with new EV model

SHANGHAI (Reuters) -Chinese electric-vehicle maker Xpeng forecast sharp growth in deliveries in the second half of the year thanks to its new model that is taking on Tesla with competitive prices and smart-driving technologies. Xpeng has received a “significant” amount of orders for its newly launched G6 pure electric crossover, president Brain Gu told reporters…

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China’s FX market stable, cross-border flows basically balanced – state media

SHANGHAI/SINGAPORE (Reuters) – Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China’s foreign exchange market remain stable and cross-border capital flows are basically balanced, a state media commentary said late Wednesday. The remarks by Financial News, a publication backed by the People’s Bank of China (PBOC), come as the…

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