WAR EXPECTED TO END TWO TO THREE YEARS
He anticipates that China’s fierce EV industry will experience a two to three-year price war as gasoline-fueled cars even seek to lower costs to maintain market share.
China is the world’s largest Vehicle business with a penetration level of 35.7 per share next year, up 8 percentage points year- on- year.
But Mr He expressed enthusiasm, calling it” good business contest”.
” It will not last for many years. I believe that once it reaches a period, your rivals may eventually stabilize. At this time, you may use better R&, D ( research and development ), better value and stable prices to serve clients well”, he said.
” I think this is a process. From a business standpoint, everyone will have challenges in the brief- word, we say we are really’ juan’ ( Chinese slang for competitive ). But in the medium- name, it makes the business bigger and perhaps stronger”.
According to Mr. He, XPeng must also create items that are more technologically advanced and effective.
” If you’re just making the same thing, for cheaper, I do n’t think it’s necessary”, he added.
His wish is that XPeng is ultimately alter how people travel by making it safer and more effective.  ,
Mr He predicted that in 10 to 20 times, vehicles will be extremely intelligent.
” On your own, just 5 to 15 % of people can fly between cities and provinces,” he said. I believe this is what we want to do, adding that other people also use railways or other modes of transportation plus vehicles.