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Chinese electric vehicle maker XPeng Motors delivered 5,101 units in October, an annual decrease of 49.7% and a quarterly decrease of 39.8%. In the capital market, the firm's performance has been even worse.
A leaked memo from XPeng Motors, a Chinese intelligent electric vehicle company, shows that the company is still continuing its organizational structure adjustment. A new financial platform was recently set up within the firm, aiming at improving cost controls and the compliance ability of the financial system.
Chinese EV maker XPeng officially launched its flagship SUV, the G9, two days ago. However, its complex configuration has exposed the company to much criticism. It has announced an overhaul, which has resulted in a price reduction of 20,000 yuan ($2,805).
Chinese automaker XPeng announced on October 10 that, in accordance with the requirements in Guangzhou, its G9 model successfully passed the autonomous driving closed-field test, becoming the first mass-produced car on sale in China to pass the test.