Comment on Xpeng's CEO says the auto industry will enter an 'elimination round' from 2025 to 2027

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 ImagesXpeng 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.Competition within the auto industry will become even more cutthroat in the years ahead, Xpeng CEO He Xiaopeng said in a letter to his company's staff last month."The period from 2025 to 2027 marks the elimination round in the automotive industry," He wrote in an internal letter obtained by The Wall Street Journal."Competition in 2025 will be fiercer than ever," He added.In 2024, Xpeng delivered 190,068 vehicles, a 34% increase from the 141,601 vehicles delivered in 2023, per a company filing.

 

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