Electric vehicle (EV) manufacturer Xpeng's CEO, He Xiaopeng, has made a bold statement that is set to send shockwaves through the automotive industry. In a recent interview, He Xiaopeng asserted that low-margin cars have no value, highlighting the company's focus on producing high-end, profitable vehicles. The CEO's comments come as the EV market continues to experience rapid growth, with manufacturers scrambling to meet increasing demand and stay ahead of the competition. Xpeng's stance on low-margin cars may signal a shift in the industry's approach to production and pricing, with potential implications for consumers and competitors alike.
Low-Margin Cars Have No Value, Xpeng’s CEO Says Yicai Global