1. Trends & External Forces

Xpeng’s Ambitious Expansion Amidst Electric Vehicle Competition

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Xpeng, a electric vehicle (EV) manufacturer, is gearing up for a significant expansion. The company’s CEO, He Xiaopeng, revealed plans to hire 4,000 new employees and invest heavily in artificial intelligence (AI) technology. In a letter addressed to the company’s staff, Xiaopeng highlighted the fierce competition in the EV industry, likening it to a potential “bloodbath.”

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