Ex-Great Wall Motor President Rumored to Serve as XPeng CEO

A latest report by Chinese media outlet “Iauto Ilife” claims that Wang Fengying, the previous normal supervisor of Great Wall Motor, will change He Xiaopeng, the founder, chairman and CEO of XPeng Motors, as CEO.

XPeng spokesperson replied, “We will decline to comment on market speculations and any specific new hires, and will make necessary announcements in due course. We welcome talent and are open to the best talent in the industry to join us. The company will continue to grow under CEO He Xiaopeng’s overall leadership.”

In Iauto Ilife’s report, sources aware of XPeng expressed shock and admitted that He Xiaopeng is certainly searching for CEO candidates.

In the previous a few years, Wang Fengying was the second-most vital particular person at Great Wall Motor after Chairman Wei Jianjun. Wang joined Great Wall Motor in 1991, turned the final supervisor of the corporate in November 2002, then the vice chairman in March 2016. In the previous, Wang, who represented Great Wall Motor, made public appearances, whereas Wei centered on merchandise and analysis and growth.

However, in July 2020, Great Wall Motor launched a rotating president system, and Wang’s place has been changed repeatedly, and he or she has stepped down as rotating president, govt director, vice chairman and member of the agency’s Strategy and Sustainable Development Committee. On July 24, 2022, Great Wall Motor introduced that Wang had utilized to resign as normal supervisor of the corporate and would proceed to work in strategic administration.

For XPeng, 2022 was an important 12 months. On the one hand, its G3, P7 and different car fashions had been present process upgrades. On the opposite hand, XPeng had anticipated to discover the high-end market by way of the G9, and to improve gross revenue. However, the precise scenario was that due to the rising costs of uncooked supplies, provide chain breaks brought on by the pandemic, the closing of shops and different causes, the bottom month-to-month supply quantity of XPeng dropped to lower than 6,000 models final 12 months.

According to analysts, EV makers made merchandise based mostly on a digital thought course of at first of their growth, however as the variety of merchandise will increase, it’s ultimately crucial to return to a standard enterprise practices.

SEE ALSO: XPeng to Welcome New Marketing Leader

Therefore, XPeng wants extra professionals to plan and function its product matrix as an entire. In truth, He Xiaopeng realized varied inner issues and began a sequence of modifications after the failure of the G9. In December, He introduced that he would concentrate on the strategic planning, product analysis and growth, person providers and organizational modifications at XPeng, step by step withdrawing from the each day operations of XPeng‘s robotic and flying automobile subsidiaries.

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