Xpeng's CEO says the auto industry will enter an 'elimination round' from 2025 to 2027
1. Xpeng CEO predicts fierce competition from 2025 to 2027. 2. Only seven major Chinese car companies may survive the decade. 3. Xpeng delivered 190,068 vehicles in 2024, a 34% increase. 4. Tesla's deliveries decreased by 1% in 2024 compared to 2023. 5. Competition could lead to significant industry consolidation ahead.