Xpeng Responds to P7 vehicle Fire Incident following Traffic Accident

$XPeng (XPEV.US)$ $Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $BYD COMPANY (01211.HK)$ On the morning of February 29, a traffic accident occurred in China’s Suzhou City, Jiangsu Province, involving an Xpeng P7 vehicle. According to the video footage of the accident’s scene, the Xpeng P7, driving at a high speed in rainy conditions, nearly lost control, resulting in a collision that led to a fire.
Xpeng Motors has expressed deep regret for the injuries and vehicle damage resulting from the accident and is actively cooperating with the ongoing investigation.