Xpeng Motors plans to do a major reorganization by setting up five new committees and three cross-functional teams for different vehicle platforms as the Chinese auto company aims to encourage collaboration and boost efficiency. The move comes amid a slowdown in car sales and a decline in Xpeng’s share price. Chief executive He Xiaopeng will be in charge of three of the five committees (for corporate strategy, product planning, and technology road-mapping), 36Kr reported on Monday, citing people familiar with the matter. Xpeng’s vehicle deliveries have fallen every month since July and the company has lost at least 80% of its market cap since the beginning of 2022. [36Kr, in Chinese]