XPeng Co-Founder Henry Xia Resigns As Board Executive Director

CnEVPost2022-11-30

Henry Xia, co-founder and president of XPeng Motors, resigned as an executive director of the company's board of directors effective November 30, according to a Hong Kong Stock Exchange announcement ...

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Comments

charija
2022-11-30
charija
K
IvanKHS
2022-11-30
IvanKHS
Gold time to buy
- ponyinvestor:
  Ok
runningjames
2022-11-30
runningjames
Buy b4 News and sell after that
sk27
2022-11-30
sk27
Buy
- Ichua:
  Nah

Leave a comment

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non-executive directors, according to a separate announcement.On October 21, local media Jiemian cited sources as saying that XPeng was undergoing an organizational restructuring, with the biggest change being that it would move to a business unit-based management structure to improve the previously overly centralized structure that had dragged down operational efficiency.The immediate reason for XPeng's organizational restructuring is the problems with the G9 launch -- complex and incomprehensible product SKUs, product planning divorced from user needs and marketing failures, Jiemian's report said, citing a source familiar with the matter.He Xiaopeng, the company's chairman and CEO, hopes the move will lead to an overall improvement in previously overly centralized management, reduce communication costs and get close to users to understand real user needs, the report said.In a November 1 statement announcing XPeng's October delivery figures, Mr. He confirmed that he had recently made organizational changes to the company.\"I've recently optimized our organizational structures and am confident that we are better aligned with customer demands and market trends with our differentiated Smart EV products,\" Mr. He said at the time.On November 8, Cailian reported that XPeng's organizational structure isnearing completion, citing sources familiar with the matter.XPeng delivered 5,101 vehicles in October, down 39.76 percent from 8,468 in September and down 49.68 percent from 10,138 in the same month last year.The company will report its third-quarter earnings later today, and its November delivery figures are expected to be known 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