On February 18th, in the first day back to work after the Spring Festival, Xiaopeng Motors CEO He Xiaopeng issued the first company-wide letter of the year of the dragon. He Xiaopeng stated that this year marks the tenth year for Xiaopeng, with performance expected to double, the organization to address all shortcomings, and operations to take the first step towards high-quality. This year is the first year of accumulation and outbreak for Xiaopeng’s products and technology platform, with plans for about 30 new or redesigned products within 3 years; by 2024, the company will invest more manpower and increase R&D budget by over 40% compared to the previous year, in order to strive for a better future. This year marks the first year of fierce competition for Chinese automotive brands, the first year of elimination. Xiaopeng Motors has been fighting in the fierce competition from the beginning, accumulating considerable experience, and the company believes that persistence will lead to victory.
