China’s EV rush into Western markets risks ending in a ‘bloodbath’ for the industry, warns founder of Tesla rival Xpeng
The Chinese EV industry may have little choice but to square off in a potential fight to the death, according to the billionaire co-founder of Xpeng. No matter who wins, though, their Western peers stand to lose. As China’s carmakers pursued profitable growth in the West, the country took Japan’s crown as the largest automotive …