The collaboration between Xpeng and Alibaba can be a strong point for both. The Chinese car brand seeks to be first in the race for autonomous driving. They have already made great progress with City NPG

But the competition in the sector is tough and has companies like Tesla, BYD, and NIO among others. We all know who is behind Tesla and the business achievements that man has achieved, BYD is one of Warren Buffet's bets, NIO is associated with several companies including Baidu and Lenovo, and now Xpeng is going to build together with Alibaba a computer center to develop autonomous vehicles.

Amid this news, today Xpeng lost more than 5% at the close of the Nasdaq. Oops, there was indeed other news, America and China want something from Taiwan and we are going to pay the bill as usual.

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This post was also published in read.cash by me, The Crazy Dude