XPENG-W VP cum Tech Center Head Resign

　　The management of XPENG-W (09868.HK) -1.000 (-3.289%) Short selling $113.09M; Ratio 32.934% is under shakeup, Chinese media reported. Jiao Qingchun, vice president of the group and head of the organization of the Xiaopeng Automobile Technology Center, resigned earlier this month, and no longer held any position in the company. Xiaopeng emphasized that it had made preparations in terms of organizational structure, and the successor was deeply involved in the technical field for many years.

　　Jiao was originally responsible for the work of the Xiaopeng Automobile Technology Center before leaving , and was also the project leader of Xiaopeng's new H platform. The new MPV model Xiaopeng X9, which was launched at the beginning of this year, is produced on this platform and is currently the only mass-produced model.

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　　After Jiao left, the Xiaopeng H platform was reportedly taken over by Li Yifan, the former head of the E platform. Yu Peng, the former head of the embedded development department under the Xiaopeng Automobile Technology Center, will take over as the head of the technology center.

　　XPENG-W last posted at $29.35, down 3.45%, with 5.0693 million shares traded, involving $151 million.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 16:25.)

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