Brian Gu, co-president at Xpeng, stated, "There were rumored to be close to 500 [Chinese] EV startups... now, we're left with less than 10% still in business." He emphasized that the intense local competition has led to the evolution of a "highly efficient" and "highly innovative" industry that is thriving globally.
Gu also argued for fairness in international markets, saying, "We want to bring the best technology that [has] developed in a highly competitive... Chinese market to European customers." He highlighted that Xpeng's prices are competitive with those of established brands like Tesla.
BYD Europe's president Michael Shu echoed this sentiment, asserting that "management efficiency," rather than government subsidies, is the key factor behind their low pricing and global success.
In September, Xpeng recorded a significant milestone with 21,352 vehicle deliveries, marking a record monthly sales figure. This achievement reflects a 16% year-on-year growth in the third quarter, with total deliveries hitting 46,533 cars.
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