Li Feng996 Archives a former head of purchasing at Xpeng Motors, is under investigation by authorities over corruption allegations. His department has been taken over in the interim by Xpeng’s internal control team, according to sources cited by 36Kr on Tuesday. Xpeng Motors later confirmed the news, stating it is taking “normal” action to combat corruption, which would have little impact on business operations, without revealing further details. The development occurs as the electric vehicle maker intensifies the delivery of its redesigned G6 and G9 SUVs, aiming to cut operational costs and recover from a months-long slump since late last year. Volkswagen’s Chinese partner aims to reduce overall costs by 25% by the end of 2024, as mentioned by CEO He Xiaopeng during an earnings call on Aug. 18. [36Kr, in Chinese]
