Business
Volkswagen Xpeng deal shows threat to Rivian, U.S. automakers
In 1984, Volkswagen partnered with a Chinese automaker because it was required by Chinese law.
Now the German company is partnering with Chinese automakers because it wants to use their technology.
Volkswagen Group today maintains the original joint ventures it made with Chinese automakers in those early days of its foray into what has become the world’s largest car market. But the fact that it is now relying on firms such as Chinese EV maker Xpeng for hardware and software underscore how the balance of power in the automotive industry is shifting toward the companies that produce these now high-value components. Chinese companies are proving they can do it faster, often cheaper, than anyone else.
VW Group, which has for much of the last few decades been a top-selling brand in China, has lately struggled to maintain its position.
Volkswagen’s China profits fell about 45 percent in 2025 — from roughly $2 billion to $1.1 billion. The company said in its annual report that it now faces intense competition from Chinese firms.
It is not a unique issue. Essentially every non-Chinese automaker is watching market share erode in the country as homegrown companies create vehicles that more directly serve what Chinese customers want.
In particular, Chinese buyers have a taste for what are often called “software-defined vehicles.” They are connected and updatable, and essentially allow drivers to do everything through a car they would do through a phone.
“The Chinese vehicle owner can do his banking using voice commands or order takeout to meet him when he arrives at his house, or do any number of things that seem a little unusual to us here in the West, because we just aren’t built that way,” said AutoForecast Solutions analyst Conrad Layson. “However, the Chinese buyer can’t do that in a Chinese-built Volkswagen, so they went where the convenience was. They were able to bring their digital lives along with them into and out of the car.”
Chairman and CEO of Chinese EV manufacturer Xpeng He Xiaopeng visits the booth of the German carmaker Volkswagen during the International Motor Show IAA on Sept. 8, 2025, in Munich, Germany.
Tobias Schwarz | AFP | Getty Images
VW’s own struggles to build an in-house software division have been widely documented — after years of effort and billions spent, the company abandoned its go-it-alone approach and turned to collaborations. Xpeng is a major partner in China, while in North America and elsewhere, VW has partnered with Rivian to build cars.
Xpeng, which makes its own vehicles as well, helped VW’s China division build a hardware and firmware architecture called CEA for the German company’s vehicles in the country.
In February, news broke that VW Group would be the first customer for Xpeng’s VLA 2.0 automated driver assistance system. If it performs as advertised, it will equal or surpass anything made by any other global automaker, Layson said.
Then in March, the first vehicle the two companies co-developed, the ID.UNYX 08, rolled off the assembly line.
The two companies brought the vehicle to production car in 24 months, the CEA architecture in just 18. That is “unheard of in the West,” Layson said. “But that’s China’s speed for you.”
Global automakers typically require a three-to-five-year timeline for a new vehicle, or even a significant refresh.
Rivian and VW are collaborating on just about all of the same things the German automaker is doing with Xpeng. The deal has given Rivian a roughly $6 billion lifeline at a time when the EV maker is ramping up the production of its mid-priced, higher volume R2 SUV.
The comparisons between the two companies indicate how far Chinese automakers have come, said Tu Le, founder of Sino Auto Insights, a firm that researches the Chinese automotive market.
Rivian is working on its own chips, for example. So is Xpeng, but its chip is already being fabbed.
“Xpeng is already there and Rivian wants to get there,” Le said.
Though Xpeng has a technological edge, its partnership with VW does not necessarily pose an immediate threat to Rivian — at least in North America, he added.
Trade disputes and political tension are spurring carmakers to strike these different partnerships. For example, the U.S. has banned certain kinds of Chinese software and hardware for connected vehicles.
The longer-term picture is unclear. Xpeng, like all Chinese automakers, wants to compete globally, and not just through partnerships with other automakers. On March 25, the company started selling two models in Mexico, for example.
Companies such as Tesla, Rivian and Lucid Motors are at the forefront of building these kinds of connected vehicles outside of China.
Still, if Chinese firms can prove they can outpace Western ones in their home market, and export those features to other markets, VW may face a tough choice down the road.
“The question probably you should ask is do they use Rivian stack or Xpeng stack in Europe, because we know that they’re going to use Xpeng in China. And we know that for the time being, they’re going to use, in North America, the Rivian stack. But ultimately whose is better, whose is probably more robust and more appropriate?” Le said.
He added that the long-term risk for a company like Volkswagen — or Stellantis, which has partnered with Chinese automaker Leapmotor — is that they become essentially contract manufacturers, Le said. That would come to fruition if the high-value components like software and technology that define the modern vehicle are increasingly made in China.
“My question might be: If Xpeng hits on all cylinders, will they even need Volkswagen Group?” Le said. “The shoe is on the other foot. And I think more and more people are starting to realize this is real. Their products are significant, and they are a threat to our livelihoods.”
Neither Rivian, VW Group nor Xpeng responded to CNBC’s request for comment or interview.
Business
Politics And The Markets 05/14/26
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Business
SpaceX and Google Are in Talks to Launch Data Centers in Orbit
Google GOOGL 3.94%increase; green up pointing triangle is in talks with SpaceX for a rocket-launch deal as the search giant expands its own efforts to put orbital data centers in space, according to people familiar with the discussions.
A launch deal would put the two companies in partnership as they gear up to compete on orbital data centers, an unproven technology that SpaceX Chief Executive Elon Musk has said is the next frontier for his rocket company.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
Earnings call transcript: Mitsubishi Corp. Q4 2025 Earnings Beat Expectations

Earnings call transcript: Mitsubishi Corp. Q4 2025 Earnings Beat Expectations
Business
EV secures feedstock antimony ore MOU
EV Resources has entered into a non-binding MOU with a private Mexican mining group, as preparations for first production at its Los Lirios antimony mine gain further momentum.
Business
CP ALL Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:CPPCY) 2026-05-13
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Fly By Jing noodle recall over peanut contamination risk: FDA
Check out what’s clicking on FoxBusiness.com.
A potential peanut contamination has prompted a nationwide recall of certain instant noodle packages, federal regulators announced Tuesday.
Los Angeles-based Fly By Jing voluntarily initiated the recall for select lots of its Creamy Sesame Noodles, a protein-packed vegan noodle product, according to the U.S. Food & Drug Administration (FDA).
“People who have allergies to peanuts run the risk of a serious or life-threatening allergic reaction if they consume these products,” the FDA said.
“We take food quality and safety seriously, and we are deeply sorry for any concern this causes. We are committed to making this right for every customer,” Fly By Jing said.
CHOCOLATE RECALL HITS COMPANY’S ENTIRE PRODUCT LINEUP OVER SALMONELLA CONTAMINATION FEARS

The FDA announced a recall on an instant noodle product sold nationwide. (U.S. Food & Drug Administration / Fox News)
According to the recall, the company discovered that a third-party manufacturer used shared equipment that also processes peanuts under conditions that could pose a health risk to individuals with peanut allergies.
The affected products were distributed nationwide through its website and retail stores, including Whole Foods Market and Thrive Market, the FDA said. The company added that the products may also have been sold on TikTok.
The affected products include single and four-pack containers with lot codes 8-50052-23988-6 and 8-50052-23991-6. The impacted products carry best-by dates of Oct. 15, 2026, Dec. 6, 2026, and March 23, 2027.
Federal regulators added that the affected products were distributed to retailers between Feb. 1, 2026, and May 8, 2026.
MULTIPLE SNACK MIXES RECALLED, INCLUDING TARGET PRODUCT, OVER RISK OF SALMONELLA CONTAMINATION

Fly By Jing, based in Los Angeles, is recalling select lots of its Creamy Sesame Noodles. (U.S. Food & Drug Administration / Fox News)
Fly By Jing is offering full refunds to those who purchased the affected items. Customers can return the products to their retailer for a full refund, and those who bought the items through the company’s website or TikTok Shop will also be contacted, the company said.
To ensure consumer safety, the company said it immediately stopped distribution, notified customers and retail partners, and placed all remaining inventory on hold. Fly By Jing has also implemented stricter allergen controls with its third-party manufacturer to help prevent future issues.

The affected products were distributed nationwide through its website and retail stores. (iStock / iStock)
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No other products from the brand were included in the safety alert.
Customers seeking additional information may contact the Fly By Jing consumer hotline at 1-866-862-2645, or email recall@flybyjing.com.
Business
YouTube Studio Down for Creators? Latest Outage Reports, Fixes and What to Do on May 13, 2026
SAN FRANCISCO — YouTube Studio appears operational for most users Wednesday as of mid-morning May 13, 2026, with no widespread outage reported on major monitoring sites, though creators continue to encounter occasional “Something Went Wrong” errors amid lingering platform glitches from earlier this year.
Downdetector and other status trackers show minimal reports of problems with YouTube overall or its creator dashboard specifically in the past 24 hours. Video playback, uploads and analytics load normally for the vast majority, but isolated complaints persist on forums and social media about slow dashboard loading or delayed statistics.
YouTube Studio serves as the central hub for millions of content creators managing channels, uploading videos, checking analytics and engaging with audiences. Any disruption can halt workflows, delay monetization insights and frustrate scheduling. While no global outage matches the scale of February or March incidents, periodic hiccups remain common.
Earlier in 2026, creators faced notable disruptions. On March 10, YouTube Studio experienced a partial outage affecting dashboard loading, analytics visibility and mobile app functionality. Google confirmed the issue and resolved it within hours, restoring full access. Similar glitches appeared around March 30, with users reporting frozen subscriber counts and incomplete data.
The February 17 outage proved more severe, impacting the broader YouTube platform including homepage recommendations, the main app and YouTube Studio tools. Over 300,000 users reported problems at peak, primarily in the United States. TeamYouTube acknowledged the recommendations system failure on X, noting it prevented videos from appearing across surfaces. Full restoration took several hours.
These events highlight YouTube’s massive scale — more than 2.5 billion monthly users — and the complexity of its backend infrastructure. Even brief interruptions affect creators’ livelihoods, especially those relying on timely analytics for algorithm optimization or ad revenue tracking.
Common error messages include “Something Went Wrong,” “Oops,” or loading spinners that never resolve. These often stem from server-side issues, browser cache conflicts, network problems or high traffic. Mobile app users sometimes fare differently from desktop, with one interface working while the other fails.
If experiencing problems today, several troubleshooting steps typically resolve them quickly. First, refresh the page multiple times or try incognito mode. Clearing browser cache and cookies for youtube.com often helps. Switching networks or using a VPN can bypass regional routing glitches.
Updating the YouTube Studio mobile app to the latest version frequently fixes compatibility bugs. Logging out and back in, or accessing via a different device, can also restore functionality. For persistent issues, checking Downdetector or YouTube’s official @TeamYouTube account provides real-time confirmation.
Google rarely discloses root causes publicly, citing security and competitive reasons. However, industry experts point to routine maintenance, database synchronization delays or spikes in creator activity as frequent culprits. The platform’s heavy reliance on machine learning for recommendations and analytics adds layers of potential failure points.
Creators have voiced frustration over recurring disruptions. On Reddit forums like r/PartneredYoutube and r/YouTubeCreators, threads from March detailed hours-long analytics blackouts that hindered content planning. Some reported lost upload progress or inability to respond to comments during outages.
Despite challenges, YouTube remains the dominant platform for video creators, offering unmatched reach and monetization tools. Features like real-time analytics, copyright management and community posts make Studio indispensable. Google continues investing in reliability, rolling out gradual backend improvements.
For those affected right now, patience often proves effective as issues self-resolve within minutes to hours. In rare prolonged cases, reaching out via YouTube Help Center or waiting for an official acknowledgment yields results. Backup workflows — such as preparing thumbnails and descriptions offline — help mitigate impact.
The platform’s evolution includes better error handling in recent updates. Enhanced mobile Studio experiences and faster loading aim to reduce future headaches. Yet as creator numbers grow, so does pressure on infrastructure during peak hours like evenings in major time zones.
Broader context shows YouTube’s resilience. Major outages remain infrequent compared to daily uptime. The company maintains dedicated status communications and rapid response teams. For enterprise or high-volume creators, YouTube Partner Manager support provides priority assistance during incidents.
Looking ahead, expectations rise for even greater stability as artificial intelligence tools integrate deeper into Studio for content optimization and trend prediction. Any downtime in those features could amplify creator anxiety. Google has hinted at expanded redundancy measures in upcoming infrastructure announcements.
In the meantime, creators adapt by diversifying platforms — posting to TikTok, Instagram Reels or X alongside YouTube. Multi-platform strategies reduce dependency risks during technical hiccups. Many maintain personal dashboards or third-party analytics tools as backups.
As of 10 a.m. BST on May 13, monitoring sites confirm normal operations across YouTube services. Occasional user reports likely reflect localized issues rather than systemic failure. The platform continues serving billions of video views without interruption for most.
For creators checking Studio today, the dashboard should display current analytics, pending uploads and comment management tools without major barriers. If anomalies appear, standard fixes usually restore access quickly. YouTube’s scale means even small percentage issues affect thousands, amplifying visibility on social media.
The episode underscores the digital economy’s fragility. Millions depend on seamless access for income, education and entertainment. Google’s ownership provides resources for quick recovery, but expectations for near-perfect uptime grow with each incident.
Creators navigating today’s environment benefit from community knowledge-sharing. Forums, Discord groups and creator newsletters often circulate workarounds faster than official channels. Staying updated on platform changes helps anticipate potential disruptions.
While YouTube Studio functions normally now, its history of intermittent issues reminds users to prepare contingencies. Reliable internet, updated software and alternative tools form the best defense. For most, the dashboard delivers essential insights without delay on this Wednesday.
As the day progresses, any new developments will likely surface first on social platforms and outage trackers. For now, creators can focus on content rather than technical troubleshooting, with YouTube Studio standing ready to support their work.
Business
Oil Price Today (May 14): Crude oil above $105 per barrel. Here’s why Trump-Xi meeting is important for Strait of Hormuz
Trump arrived in Beijing on Wednesday evening and is set to hold a series of meetings with Xi as he looks to secure economic gains and address key geopolitical issues including the Iran war and the Strait of Hormuz.
Crude oil price on May 14
Brent crude futures rose 13 cents, or 0.12%, to $105.76 a barrel, while U.S. West Texas Intermediate futures gained 12 cents, or 0.12%, to $101.14 a barrel. Both benchmarks had settled lower on Wednesday amid concerns that further U.S. interest rate hikes could weigh on demand. Brent dropped more than $2 a barrel, while WTI lost over $1.Although Trump has said he does not believe China’s support is necessary to end the conflict with Iran, he is still expected to seek Xi’s assistance in resolving the costly and politically unpopular war.
China remains the largest buyer of Iranian crude despite sanctions and pressure from the Trump administration. More than 80% of Iran’s oil shipments in 2025 were headed to China, with independent Chinese refiners continuing to purchase discounted sanctioned crude.
Analysts at Morgan Stanley said the global oil market is now in “a race against time,” warning that the factors limiting a sharper rise in crude prices may weaken if the Strait of Hormuz stays shut into June.
Despite disruptions impacting nearly 1 billion barrels of oil supply, crude prices are still below the highs reached in 2022 after Russia’s invasion of Ukraine. Analysts led by Martijn Rats said the market entered the current crisis with stronger supply buffers, while investors largely continue to believe the strait will eventually reopen.
Morgan Stanley added that higher U.S. crude exports and softer Chinese imports have so far helped shield the market from a deeper supply shock. However, the brokerage warned that a prolonged closure of Hormuz could once again tighten global supplies if disruptions continue beyond what either China or the United States can manage comfortably.
Haitong Futures said markets remain cautious and warned the ceasefire may only be temporary. The brokerage added that stalled negotiations between Washington and Tehran could trigger another escalation, pushing oil prices even higher.
Saudi Aramco CEO Amin Nasser said on Monday that disruptions to shipments through Hormuz could delay stability returning to oil markets until 2027, potentially affecting around 100 million barrels of oil supply every week.
Nuvama Institutional Equities said an extended shutdown of the Strait of Hormuz could disrupt nearly 20 million barrels per day of global crude flows. In such a scenario, the brokerage estimates oil prices could climb to between $110 and $150 per barrel.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Southeast Asian Leaders’ Meeting Weighs Optimism Against Tension and Uncertainty
Philippine President Marcos Jr. chaired the 48th ASEAN Summit in Cebu, addressing energy security, South China Sea tensions, Myanmar crisis, and Thai-Cambodian conflict. Despite geopolitical challenges reshaping the agenda, the summit yielded substantive outcomes, including exploring regional petroleum reserves and welcoming Timor-Leste as a full member.
Key Points
- •President Marcos acknowledged the Cebu summit shifted from its intended cultural focus to pressing security issues, including energy security, with leaders exploring strategic oil reserves inspired by Asean’s 2008 emergency rice reserve model amid Middle East-driven economic shocks.
- Marcos facilitated a 75-minute meeting between Thai and Cambodian leaders over border tensions and presided over Timor-Leste’s full Asean membership, while leaders addressed Myanmar’s minimal progress on the Five-Point Consensus.
- Key remaining priorities for the Philippines’ chairship include finalizing a South China Sea code of conduct, improving Thai-Cambodian relations, and pushing Myanmar toward meaningful compliance with Asean’s core principles.
The Cebu Summit: Navigating Geopolitical Challenges
Unexpected Shifts and Landmark Moments
Philippine President Ferdinand Marcos Jr. acknowledged that the 48th ASEAN Summit in Cebu evolved far beyond his original vision of cultural celebration and regional camaraderie. Geopolitical developments redirected the summit toward pressing security concerns, yet the Philippines demonstrated remarkable resilience in steering the bloc forward. A historic highlight was Timor-Leste’s participation as a full ASEAN member, with Prime Minister Xanana Gusmão’s emotional reunion with Indonesian President Prabowo Subianto creating an atmosphere so candid that leaders spoke without prepared speeches, marking Cebu as one of ASEAN’s most consequential gatherings.
Economic Resilience and Diplomatic Breakthroughs
Energy Security and Regional Tensions
Amid a declared national energy emergency, ASEAN leaders explored strategic oil and petroleum reserves across member states, inspired by the bloc’s successful 2008 emergency rice reserve initiative. Beyond economic concerns, President Marcos played a pivotal diplomatic role by facilitating a 75-minute face-to-face meeting between Thai Prime Minister Anutin Charnvirakul and Cambodian Prime Minister Hun Manet, easing bilateral tensions. Both leaders agreed to task their foreign ministers with identifying immediate areas of cooperation while extending the ASEAN Observer Team’s ceasefire monitoring mandate for an additional three months through July.
Myanmar Crisis and the South China Sea Outlook
Firm Principles and Future Priorities
ASEAN leaders expressed open frustration over Myanmar’s minimal progress on the Five-Point Consensus, emphasizing that the bloc views Myanmar as a family member rather than merely a trade partner. While acknowledging positive steps — including the release of approximately 5,500 prisoners and a reduction of Aung San Suu Kyi’s sentence — leaders maintained firm conditions around human rights and the rule of law. Looking ahead, three priorities will define the Philippines’ chairship success: advancing a South China Sea Code of Conduct, strengthening Thai-Cambodian relations, and securing meaningful Myanmar compliance with ASEAN’s core principles.
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