Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in 'bloodbath'

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Xpeng plans to hire 4,000 people, invest in AI as CEO warns intense EV rivalry may end in 'bloodbath'
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Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company's CEO.

Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan in artificial intelligence technology, according to the company's CEO.

CEO He Xiaopeng also warned that intense competition in China's electric vehicle market may end in a "bloodbath."The Xpeng G9 SUV is on display during the 20th Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai, April 18, 2023.

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