XPeng CEO Predicts Only 7 Major Chinese Car Brands Will Remain in the Next Decade
TMTPOST – During the launch event for the XPeng MONA M03, XPeng Motors Chairman and CEO He Xiaopeng shared his vision for the future of the automotive industry. He emphasized that trends are unstoppable, drawing parallels to the decline of feature phones, the fall of gasoline vehicles, and the rise of artificial intelligence (AI). He predicted that the decline of gasoline vehicles in China will accelerate, and XPeng aims to be at the forefront of this transition.
He forecasted that in the next decade, only seven major car brands will remain in China’s market. He also stated that selling 1 million AI vehicles annually will be the threshold to succeed in the industry. Additionally, He projected that half of XPeng’s sales in the next decade will come from international markets.
XPeng’s internationalization strategy will begin in Europe, focusing on technology and bringing China’s advancements in smart technology to the global stage.
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