The XPeng Inc. P7 Wing Limited Edition electric vehicle being charged at an XPeng dealership in Shanghai, China, on Monday, July 5, 2021. Photo: Bloomberg The XPeng Inc. P7 Wing Limited Edition electric vehicle being charged at an XPeng dealership in Shanghai, China, on Monday, July 5, 2021. Photo: Bloomberg
The XPeng Inc. P7 Wing Limited Edition electric vehicle being charged at an XPeng dealership in Shanghai, China, on Monday, July 5, 2021. Photo: Bloomberg

Beijing once again urges consolidation in saturated electric car industry to avoid fragmentation and wasted resources

  • The world’s largest automotive market has more than 500 NEV assemblers that develop and build vehicles to compete against internal combustion engine makers
  • Sector has been gripped by an investment craze amid Beijing’s ambitions of achieving its carbon neutrality goal by 2060

Topic |   Electric cars
The XPeng Inc. P7 Wing Limited Edition electric vehicle being charged at an XPeng dealership in Shanghai, China, on Monday, July 5, 2021. Photo: Bloomberg The XPeng Inc. P7 Wing Limited Edition electric vehicle being charged at an XPeng dealership in Shanghai, China, on Monday, July 5, 2021. Photo: Bloomberg
The XPeng Inc. P7 Wing Limited Edition electric vehicle being charged at an XPeng dealership in Shanghai, China, on Monday, July 5, 2021. Photo: Bloomberg
READ FULL ARTICLE