XPeng Appoints Lee Man-sik to Lead South Korea Operations
XPeng has appointed Lee Man-sik as the managing director of its South Korean operations as the company prepares to enter the South Korean market.
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XPeng reported a new monthly record of 50,237 vehicle deliveries in October 2026, alongside the launch of the XPeng L05 and progress in its Robotaxi operations.
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XPeng has appointed Lee Man-sik as the managing director of its South Korean operations as the company prepares to enter the South Korean market.
Annual OTA update volumes for software-defined vehicles are forecast to reach 2.03 billion globally by 2035, up from 546.1 million in 2025. Level 3+ SDVs are expected to rise from 16% of global vehicle shipments in 2025 to 46% by 2035, with Asia-Pacific dominating at 63% market share. Chinese automakers including BYD, Tesla, and others are leading the fragmented SDV market, with success dependent on centralized compute, OTA capabilities, and scalable electrical/electronic architectures.
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