Xpeng CEO warns of fierce competition in auto industry from 2025 to 2027 - PRESS AI WORLD
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Xpeng CEO warns of fierce competition in auto industry from 2025 to 2027

share-iconFriday, January 10 comment-icon3 weeks ago 7 views
News sources:
businessinsiderBUSINESSINSIDER
Xpeng CEO warns of fierce competition in auto industry from 2025 to 2027

Credited from: BUSINESSINSIDER

  • Xpeng CEO He Xiaopeng predicts a brutal phase for the auto industry, referring to 2025-2027 as the "elimination round."
  • He emphasized that competition will intensify significantly in 2025, surpassing previous levels.
  • Xpeng delivered 190,068 vehicles in 2024, marking a 34% rise compared to 2023.
  • He previously stated that only seven major car companies may survive the next decade, given the current market dynamics.
  • This sentiment is echoed by other industry leaders, with Mercedes-Benz's CEO highlighting existential battles against Chinese manufacturers.

For the full article, visit Business Insider.

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