China Automotive Insider
Is It Still Worth Building Cars?

From Henrik Bork | Translated by AI 4 min Reading Time

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China's automakers are currently having a tough time, with many fighting for their survival. What can help? Expanding business areas or the collaboration between OEMs, suppliers, and partners?

"Car manufacturing is not a good business model," says He Xiaopeng, founder and CEO of Chinese e-car manufacturer Xpeng.(Image: Xpeng)
"Car manufacturing is not a good business model," says He Xiaopeng, founder and CEO of Chinese e-car manufacturer Xpeng.
(Image: Xpeng)

"Automaker is not a good business model." This statement was not made by just anyone, but by He Xiaopeng, the founder and CEO of Chinese electric car manufacturer Xpeng. He made this resigned-sounding remark while presenting the updated Xpeng car model "Mona M03," according to the Chinese industry magazine Qiche Shangye Pinglun.