By Dean Seal


--The Chinese automaker Xpeng has suspended its vice president in charge of supply chains for a corruption probe, according to a report from CNBC.

--The VP, Li Feng, oversaw procurement at the electric-vehicle maker, CNBC said.

--"Xpeng has a strict stance against corrupt activities," a spokesperson for the company told CNBC. "We remain vigilant in identifying and rectifying any instances of corruption promptly."


Full story: https://www.cnbc.com/2023/10/10/chinese-ev-maker-xpeng-suspends-supply-chain-vp-after-corruption-probe.html


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

10-10-23 0801ET