Tesla’s Price War Pushes XPeng to Focus on Cheaper Manufacturing

(Bloomberg) — Chinese electric-vehicle maker XPeng Inc. hopes that dramatic cuts to manufacturing costs will propel the eight-year-old company to profitability, co-president Brian Gu told reporters at the Shanghai International Auto Show, which opens to the general public on April 20. 

The Guangzhou-based company plans to shave 25% off the costs of its power train, battery cells included, and save 50% on intelligent driving features by the end of 2024, Gu said. As of now, the two account for more than half of the cost building XPeng EVs, he added.