Success and failure are very close together for young Chinese electric car manufacturers. Xpeng, for example, which is actually intended to help Volkswagen not to lose out in China, set a new record with 20,000 deliveries in October and increased sales in the third quarter by 70 percent compared to the previous year. At the same time, the loss has also increased by over 60 percent; Xpeng is now making a mathematical loss of around $13,000 per car. And a corruption scandal on top of that. Who did VW get involved with?
Cars: VW partner Xpeng makes a loss of $13,000 per car – economy
