He Xiaopeng bluntly said: Some car companies sell cars like selling iron

He Xiaopeng, founder of Xpeng Motors, pointed out that some automakers rely too heavily on financing for R&D, while their profit model based on vehicle sales is akin to selling iron. He emphasized that true competitiveness lies in a company's own revenue, gross profit, and net profit. He also predicted that within the next five years, the number of Chinese automakers could be reduced to just five.