Xpeng Team

Xpeng CEO He Xiaopeng hopes the move will lead to an overall improvement of the previously overly centralized management, reduce communication costs and understand real user needs.

Xpeng Aeroht, a technology division mostly owned by He Xiaopeng, aims to have its sixth-generation flying car concept in mass production by 2024.

He Liyang, Xpeng's vice president in charge of overseas markets, has recently left the company and his duties have been taken over by a vice president of human resources, according to LatePost.

Dismissing an offer or laying off employees is normal for a company, but in China, things get delicate when it comes to groups that are considered disadvantaged.

Xpeng is hiring senior ballistic design engineers to be responsible for the overall design, ballistic performance numerical calculations of small rockets, a screenshot of a job ad shows.

A robotics expert who has worked at Huawei and Siemens has joined Xpeng Robotics.

The fund's size is unknown, but it is much larger than Nio's venture capital arm, Nio Capital, the report said.

The change will not affect employees' pay because "overtime was already not paid."

Chinese J-10 fighter jet expert Zhang Wenjin has joined Xpeng Huitian, the flying car division of Xpeng Motors, the company announced on Friday.

Xpeng Motors announced Friday the issuance of 317,500 Class A common shares, representing 0.02 percent of its total issued shares previously.