Xpeng's CEO says the auto industry will enter an 'elimination round' from 2025 to 2027

Xpeng's CEO says the auto industry will enter an 'elimination round' from 2025 to 2027

Jade Gao/AFP via Getty Images

Competition within the auto industry will become even more cutthroat in the years ahead, Xpeng CEO He Xiaopeng said in a letter to his company's staff last month.

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