Founder of XPeng Summarizes Achievements and Problems in 2022

On January 18, Chinese electrical automobile maker XPeng held its annual assembly. He Xiaopeng, the agency’s chairman, reviewed his five-year entrepreneurial journey from 2018 to 2022, mirrored on the agency’s efficiency in 2022, and shared its most important plan for 2023, 36Kr reported.

In the previous yr, as a number one participant in the market, XPeng suffered so much of crises. 68,983 automobiles had been delivered in the primary half of 2022, reaching a year-on-year enhance of 124%. However, in the second half of the yr, the gross sales quantity dropped sharply, inflicting a failure to fulfill its annual gross sales goal of 250,000 items.

In He Xiaopeng’s view, deliveries final yr weren’t too dangerous. “The upgraded version of the G9 and P7 in 2022 did not stop the decline in sales, but I think the G9 and P7 are very successful products, and I believe the sales decline is only for a moment. In 2023 and 2024, the G9 and P7 can make XPeng become the top two in the industry,” stated He.

XPeng has accomplished a big quantity of platform classification and modular growth, together with digital structure, clever cockpit, and 800V excessive voltage charging. “Each platform of XPeng can produce different models, and meet the needs of different customers, which laid a very good foundation,” He added.

However, He listed some shortcomings, together with its low inventory value, gross sales quantity and morale, the collapse of its shopper picture and fame, and the inefficiency of departments. In order to resolve these issues, he has carried out drastic inside rectification, together with the planning of a transparent future technique, greater necessities for web promoter rating, canceling the reporting relationship and approval circumstances of the president’s workplace, and extra.

In 2023, He will primarily be answerable for technique and planning, organizational potential and values. Now, some committees have been shaped and began to maneuver ahead, whereas some committees are nonetheless in preliminary discussions. “In the past five years, we were a vertical matrix developed around a product at the same time. From 2023 to 2027, we will be a large product matrix developed around a variety of products at the same time. This is a huge change,” He added.

SEE ALSO: Following Tesla, XPeng Reduces EV Prices by as much as $5,312

Finally, He proposed a medium and long-term technique and key work in 2023 to tens of 1000’s of workers. The working revenue will flip constructive in 2025, and the gross sales quantity will attain 1.2 million items in 2027. In the following 5 years, the corporate will take prospects as the important thing and construct product competitiveness, give attention to automated driving and enlargement of abroad markets, in addition to actively discover software program and new enterprise fashions.

He additionally predicted that the annual gross sales quantity of new power automobiles in China could attain 15 million items in 2027, and its market share could even attain about 70%.

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