XPEV - Chinese EV Maker XPeng Expects Corruption Probe Not To Affect Its Business: Report | Benzinga
Chinese EV giant XPeng Inc (NYSE: XPEV) reportedly expects the probe into its head of procurement not to disrupt business or production processes.
Li Feng, who is also a vice president at XPeng, has been suspended while the investigation is ongoing, Guangzhou-based XPeng said in a written response to Bloomberg News, adding that it was taking "normal anti-corruption action."
The report noted Li and several other employees were involved in the investigation.
Joining XPeng ...