Sunday, 17 March, 2024

XPeng Plans to Introduce Affordable EV Brand Amid Intense Price Competition in China

XPeng, a leading electric vehicle manufacturer, is set to launch a budget-friendly EV brand amidst stiff price competition in China's automotive market. The move aims to capture a larger share of the market by offering more affordable electric vehicles to consumers. By diversifying its product lineup, XPeng seeks to stay competitive and meet the growing demand for EVs in China's rapidly evolving automotive industry.