Xpeng CEO warns of risks of production suspensions for all China automakers -Breaking
[ad_1]
© Reuters. FILE PHOTO: Chairman of Xpeng Motors and CEO He Xiaopeng addresses the crowd at the G3 car launch event in Guangzhou. Guangdong, China, December 12, 2018. Picture taken December 12, 2018. REUTERS/Stringer SHANGHAI (Reuters] – China’s automakers could have to cease production in May if the suppliers from Shanghai and other areas cannot resume work. He Xiaopeng was chief executive officer at Xpeng (NYSE) on Thursday.
He stated that Chinese authorities were trying to fix the situation. He also said that he hoped other government agencies would support his efforts.
China’s efforts to stop COVID-19 spreading is blocking roads and ports, leaving workers homeless and closing countless factories. This disruption ripples through the global supply chain for goods from iPhones to electric vehicles.
[ad_2]
