By fighting for volume, XPeng's gross margins will take a hit as costs are not materially lower, Edison Yu's team said.
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The shooting brake variant of the NIO ET5 will debut in Europe, where there is a large market for the model, according to Qin Lihong.
XPeng aims to see sales of 1.2 million by 2027 and reach about 30 percent share of the fully autonomous vehicle market.
