Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in 'bloodbath'
Publishing timestamp: 2024-02-19 06:58:27
Summary
Xpeng plans to hire 4000 new people and invest in artificial intelligence technology, while also warning of intense competition in the electric vehicle market in China that may lead to a "bloodbath." CEO He Xiaopeng remains optimistic about the company's future despite the challenges ahead.
Sentiment: MIXED
Keywords: electric vehicles, technology, autos, xpeng inc, china, business news, transportation,
Source: https://www.cnbc.com/2024/02/19/xpeng-plans-to-hire-4000-people-invest-in-ai.html