Xpeng Ceo thinks so. XPeng CEO details 2025 goals, warns of EV 'price war'* In the letter, Xiaopeng outlined the company goals for the coming year as well as long term targets to continue global growth in hopes of becoming a household name in EVs. To get there, the XPeng founder said the company must be resilient as he predicts China’s EV industry will enter an elimination phase between 2025 and 2027. As such, he’s warned his staff to prepare for fiercer competition next year, going as far as stating a bold prediction. Per the internal letter:
The market will definitely see fiercer competition in 2025, and I can even make a bold prediction that price war will ignite from January.
Big goals for Xpeng:
In the next 10 years, Xiaopeng wants to become a leading global AI car company in products, business, organization, and globalization.
The company plans to launch a new or facelifted model nearly every quarter in 2025.
XPeng 2025 will be the year XPeng’s internationalization strategy will be fully accelerated.
Xpeng has already entered 30 countries and regions but intends to exceed 60 by the end of 2025.
And as previously posted he expects to turn the corner in 2025 into profitability.
I can’t imagine that the UAW will be successful in keeping out, cheap, well made Chinese EVs forever. Maybe I should wait another couple of years before buying an EV?
By then it will become clear whether EV charging stations will be maintained around the U.S. or whether the withdrawal of government support will cause them to wither away.
Wendy
Besides the tariff on Chinese EVs, there is a ban on all Chinese “connected car” systems, on “national security” grounds, under active consideration, the same excuse used to ban Huawei comms equipment… Add in the latest claims about Chinese actors hacking into the Treasury Department. There are plenty of excuses to sanction all goods touched by China, be they imported directly from China, or built in a Chinese controlled factory anywhere else. The “leaders” are even leveraging Chinese influence in Panama to lay the ground work for an invasion, if they should decide that might be profitable.
All over China, several government affiliates, local authority agencies, highway operators, and even cultural and exhibition centers have restricted access to Tesla cars. Such limitations were previously in force only in relation to military bases. But with Tesla becoming a key player in the Chinese market, the restrictions have been extended.
The latest on the list is the Grand Halls in the North Bund district in Shanghai. It is a conference center operated by a governmental enterprise…There are also reports of drivers of Tesla cars not being allowed to enter the parking area of a detention center in Sichuan province. A sign telling that the drivers of cars produced by the American automaker must park more than 50 meters away from the venue prohibits access.
Oh come on. There are already 3 million EVs on the road in the US and that number will increase by 2 million per year this year and most likely more the next, and more after that.
WalMart and Costco are adding them to their parking lots, often at their own expense. Around 50% of motels have EV chargers, except in very poor, rural areas where the number is closer to 10%.
Tesla, Shell, and BP are just some of the major corporations installing charging stations all over the country, and the value of those networks alone is over $25 billion. Other companies like EVgo, Blink, and the oft derided Electrify America are doing hundreds of millions of dollars in annual revenue, and there are dozens of smaller firms staking out territories and making deals with local utilities for service.
That some have failed, or will fail, or been vandalized, or have service issues should not be a surprise. Not every gas station was a roaring success as that industry began a century ago. There was consolidation, bankruptcy, poor siting, green stamps, mega stations, convenience store locations and all sorts of variations across the years, I expect the deployment of EV charging locations will be no different.