XPENG Announces Management Change

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Go back to XPENG Announces Management Change

XPeng (XPEV) shares sink as VP of autonomous driving resigns

August 2, 2023 3:24 PM EDT

XPeng (NYSE: XPEV) shares experienced a decline of over 5% on Wednesday following an announcement by the Chinese electric vehicle startup. The company disclosed in a statement that Wu Xinzhou, the Vice President of Autonomous Driving, has tendered his resignation due to personal and family reasons.

Wu has been at the forefront of the Chinese EV maker's autonomous driving development since 2018. He oversees a team... More