Xpeng's CEO says the auto industry will enter an 'elimination round' from 2025 to 2027
"Competition in 2025 will be fiercer than ever," Xpeng CEO He Xiaopeng wrote in an internal letter obtained by The Wall Street Journal.
Jade Gao/AFP via Getty Images
- Xpeng CEO He Xiaopeng said that competition within the auto sector will be even more heated in 2025.
- He said in an internal letter that the industry will face an "elimination round" from 2025 to 2027.
- The Xpeng founder-CEO said in November that most Chinese carmakers wouldn't survive the next decade.
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