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He Xiaopeng Foretells Even Fiercer Price War Among Carmakers over Next 5 Yrs
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He Xiaopeng, Chairman and CEO of XPENG-W (09868.HK) (XPEV.US), stated at the "XPeng MONA Trendy Party and M03 Max New Car Launch Event" that the current price war is not yet at its most intense, and it could become even fiercer over the next five years, Chinese media reported. He also emphasized that China's carmakers shouldn't compete on price, but on technology, and they have to go global and pursue new productive forces and embodied intelligence. AAStocks Financial News |
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