ZnWC
Excellent Contributor
wrote a post · Mar 4, 2024 05:44
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.
Comment: Based on a separate report, pure electric vehicle fire incident after an accident is rare compared to ICE vehicle. Although the driver may be at fault, it is also fair to question the Xpeng EV safety.
ZnWC OP : $XPENG-W (09868.HK)$ fell 5% today