Xpeng: China’s EV industry bracing for a knockout round

CGTN published this video item, entitled “Xpeng: China’s EV industry bracing for a knockout round” – below is their description.

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https://news.cgtn.com/news/2021-07-22/Xpeng-China-s-EV-industry-bracing-for-a-knockout-round-126vQL8GqfC/index.html

Thousands of electric vehicle (EV) makers have been springing up in the past few years in China, the world’s largest market for this new energy trend. Competition is tough.

Most of these startups will die eventually, and only a few will survive, said He Xiaopeng, the founder and chairman of one of China’s top EV makers, Xpeng. To become the last survivor, the company is betting on smart technologies such as autopilot, which He believes will give it an edge to eventually dominate the domestic and international markets.

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About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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