Autonomous Vehicle News
Published Aug 02, 2023 03:45PM ET© Reuters XPeng (XPEV) shares sink as VP of autonomous driving resignsXPEV +2.01% Add to/Remove from WatchlistXpeng Inc (NYSE: )] shares experienced a decline of over 5% on Wednesday following an announcement by the Chinese electric vehicle startup. The company disclosed in a statement that Wu Xinzhou, the Vice President of Autonomous Driving, has tendered his resignation due to “personal and family reasons”. Wu has been at the forefront of the Chinese EV maker's autonomous driving development since 2018. The company announced that Li Liyun, senior director of XPeng's autonomous driving team, will take over Wu's role. "I will continue to personally lead our autonomous driving team and strengthen our leadership in Smart EV technologies," he added.