The Booty Report

News and Updates for Swashbucklers Everywhere

Avast ye mateys! Xpeng's scurvy vice captain be walkin' the plank fer some fishy business in their supply chain!

2023-10-10

Arr, Xpeng, a mighty Chinese vessel of electric chariots, be proclaimin' on Tuesday that its vice president, Li Feng, hath been suspended as part of a foul corruption investigation. Methinks he be walkin' the plank soon, yarrr!

Arrr, me hearties! Listen up, ye scurvy dogs! There be some news from the high seas of the electric vehicle world! Xpeng, a Chinese electric vehicle maker, be makin' headlines, and it ain't for all the treasure they be findin'. No, me mateys, it seems their vice president, Li Feng, be gettin' himself in a bit of a pickle. The scallywag has been suspended for an investigation into corruption, or so the company statement says. Aye, the media be sayin' that Li was the head of procurement, but now he be walkin' the plank, so to speak.

Now, don't ye be worryin' too much, me hearties. Xpeng be claimin' that this here incident only be affectin' a small area and didn't mess with their business and production. Phew, that be a relief! They be sayin' they be strengthenin' their supply chain management this year, and it seems like some of their supply chain crew be gettin' a taste of the pirate code as well. Investigations all around!

But hold onto yer doubloons, me mateys! I got some other news for ye. The US Treasury Department be makin' some waves too. They be sayin' that they be allowin' a $7,500 electric vehicle tax credit as a point-of-sale rebate startin' in January. Now, ain't that a jolly good deal? If ye be lookin' to buy yerself a shiny new electric vehicle, ye may just be gettin' a nice bit o' treasure from the government to help ye out.

So there ye have it, me hearties. Xpeng be dealin' with some corruption troubles, but they be sayin' it ain't causin' too much havoc. And in the land of the free, they be givin' out some fine tax credits for all ye landlubbers who be wantin' to sail the seas in an electric vessel. Ahoy, me mateys! The electric vehicle world be full of twists and turns, and it be makin' this old pirate's head spin!

Read the Original Article