Tesla price cuts in China push rival Xpeng to cut manufacturing costs: ‘The industry is becoming a lot more competitive’
Chinese electric vehicle maker Xpeng Inc. hopes that dramatic cuts to manufacturing costs will propel the eight-year-old company to profitability, co-president Brian Gu told reporters at the Shanghai International Auto Show, which opens to the general public on April 20. The Guangzhou-based company plans to shave 25% off the costs…
bubmagApril 16, 2023