[XPeng CEO details ‘explosion’ of electric vehicle adoption in China] China’s electric vehicle (EV) market has seen tremendous growth so far in 2021. “This year we certainly saw an explosion of EV penetration,” Brian Gu, president and vice chairman of XPeng Motors, a Chinese EV maker, told Yahoo Finance Live (video above). “So let’s say a year ago, it’s a roughly 5% penetration. And as of late, [that] figure… is close to 19%. That’s a dramatic increase over the course of probably 15 to 18 months.” In November, Chinese consumers purchased 339,000 new energy vehicles (which includes both battery-electric and...