Xpeng's CEO forecasts a tough "elimination round" in the auto industry, predicting many Chinese carmakers will fail by 2027.

Xpeng's CEO warns that the auto industry will see a tough "elimination round" from 2025 to 2027, with fierce competition likely leading to the demise of many Chinese carmakers. Xpeng itself saw a 34% rise in vehicle deliveries in 2024, but the CEO predicts only a handful of major car companies will survive the next decade. This view aligns with Mercedes-Benz's CEO, who sees a significant battle between Western and Chinese automakers.

2 months ago
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