"XPeng Motors Unveils Ambitious Plan to Launch 30 New EV Models by 2027"
XPeng Motors CEO He Xiaopeng revealed plans to launch approximately 30 new and refreshed electric vehicle models over the next three years, aiming to bridge the price gap between $14,000 and $56,000 vehicles in China. The company intends to compete in the increasingly intense Chinese EV industry and will invest significantly in research and development, smart driving technology, and artificial intelligence. XPeng's ambitious expansion includes hiring 4,000 new employees and enriching its R&D budget by over 40% year over year, positioning the company to become a leading player in the industry.
