Xpeng Plans to Hire Over 6,000 Workers in 2025 Amidst Market Competition

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Chinese electric vehicle manufacturer Xpeng announced plans to hire over 6,000 workers in 2025, as CEO He Xiaopeng shared in a letter to the company’s internal stakeholders on Tuesday. He anticipates intensifying market competition in 2025, with a price war expected to start in January. In response to the growing demand and competitive pressures, Xpeng aims to expand its presence globally, having already entered 30 countries and regions. The company has set an ambitious target to increase its footprint to over 60 markets by the end of 2025, continuing its rapid growth in the electric vehicle industry.

 

Tesla’s Shanghai Energy Storage Gigafactory Begins Trial Production

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Tesla has announced that its energy storage gigafactory in Shanghai has begun trial production, with mass production expected to start early next year. The development marks an important step in Tesla’s expansion of its energy storage capabilities in China. Tesla China confirmed the milestone on Tuesday, signaling progress in meeting growing demand for energy storage solutions. This gigafactory is part of Tesla’s broader efforts to diversify its product offerings beyond electric vehicles, tapping into the global market for renewable energy storage.

 

Samsung Electronics Becomes Largest Shareholder of South Korea’s Rainbow Robotics

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Samsung Electronics has increased its investment in South Korea’s Rainbow Robotics, making it the largest shareholder in the robotics firm. According to a regulatory filing on Tuesday, Samsung has acquired a 267 billion won ($181 million) stake in Rainbow Robotics. Prior to this, Samsung was the second-largest shareholder with a 14.71% stake, or about 2.85 million shares. The largest shareholder at the time was the company’s founder, Oh Jun-ho, and related entities.

As part of this acquisition, Samsung is also establishing a new Future Robotics Office that will report directly to the CEO. This move reflects Samsung’s increasing commitment to the robotics industry, an area that is becoming a strategic focus for the technology giant. Samsung had previously made investments in Rainbow Robotics, but this latest development positions the company as a more dominant player in the robotics sector.