restructuring

Xpeng Consolidates Four Product Lines Into Two to Cut R&D Costs as Deliveries Slide

Xpeng has merged its I and F product lines into the G line, leaving only G and D lines in a restructuring aimed at focusing R&D resources and reducing costs. The move comes as the Chinese EV maker's deliveries fell 10.49% in the first eight months of the year while rising R&D spending pressured earnings.