The German automaker is also planning to roll out two new models as part of its tie-up with Chinese firm Xpeng

The Chinese electric vehicle outfit’s president said the firm is aiming to take on European automakers on their home turf

The deal is another shot in the arm for the currently loss-making startup, coming on the heels of a stake sale to, and partnership with, Germany's Volkswagen

The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old

The country’s domestic brands, like BYD, Nio and Xpeng Motors, are now taking on and beating established global names such as VW and Toyota at home

Experts say latest data coming in from China pointed to the world’s biggest EV market recovering from a slump and getting “back on the fast-track"

Ford-brand sales were down in China in the first quarter and chief executive Jim Farley said the country’s domestic brands were getting it right

The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng Aeroht X2 to undertake a manned flight