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Chinese tech giant Alibaba announced a new round of organizational restructuring on December 29. Daniel Zhang, Chairman and CEO of Alibaba, sent an email to all employees, setting the keyword for 2023 as "progress."
Chinese electric vehicle maker XPeng initiated its largest organizational restructuring to date in October, and its delivery data that month suffered monthly and annual declines. The chairman of XPeng was given the opportunity to respond to consumer concerns.
Faraday Future, a California-based electric vehicle maker, on October 26 announced the appointment of Yun Han as Chief Accounting Officer and interim Chief Financial Officer, as well as new financing progress from an affiliate of ATW Partners LLC.