21 hours ago
Xpeng Aims to Break Even by Late 2025, President Says
TMTPOST -- Chinese electric vehicle manufacturer Xpeng is set to achieve profitability by the latter half of 2025, according to President Brian Gu, who highlighted the company’s reliance on strong demand for new models and ongoing international expansion to boost its bottom line. Gu also revealed in a Wednesday interview with Reuters that Xpeng will significantly increase its investment in artificial intelligence, particularly in computing power and software development, making it a major focus of its R&D budget next year. Additionally, the company is engaged in discussions with numerous automotive industry players to explore smart driving collaborations, Gu added.
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