Xpeng CEO: You can’t build a smart car under $23 000. Enovate: Hold my beer

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Xpeng CEO He Xiaopeng claimed at the China Auto Bluebook Forum in June that a profitable smart vehicle can’t be less than 150 000 yuan ($23 000).

“It is impossible to make an intelligent car if it was priced lower than 150 thousand yuan because smart capabilities are always on track of progress,” Mr. He said.

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