He Xiaopeng: China's automotive industry elimination competition may last for five years

On August 26th, in the second episode of Luo Yonghao's podcast "Luo Yonghao's Crossroads", He Xiaopeng, Chairman and CEO of Xiaopeng Motors, stated that there are still about five years left for China's automotive industry knockout stage. He believes that there will be around five Chinese companies left in the end, and overseas car companies will still exist in the Chinese market. He Xiaopeng emphasized that currently no car company has obtained a ticket, which is both a challenge and an opportunity.