Xpeng suspends supply chain boss for corruption probe
Publishing timestamp: 2023-10-10 06:54:27
Summary
Xpeng, a Chinese automaker, has suspended its vice president in charge of supply chains for a corruption probe. The company has been facing challenges from competition and price wars in China, and the conflict between Israel and Hamas has also affected investor sentiment. However, Xpeng's car deliveries have recently increased.
Sentiment: MIXED
Keywords: electric vehicles, xpeng inc, transportation, corruption, autos, technology, business news, tesla inc,