He Xiaopeng, the Chairman and CEO of Chinese car maker XPeng, speaks on stage at the launch of the XPeng G9L SUV in Beijing on September 17, 2026. (Photo by GREG BAKER / AFP via Getty Images)

A security guard stands next to a XPeng G9L SUV at its launch in Beijing on September 17, 2026. (Photo by GREG BAKER / AFP via Getty Images)

A woman poses next to a XPeng G9L SUV at its launch in Beijing on September 17, 2026. (Photo by GREG BAKER / AFP via Getty Images)

A cyclist rides past vehicles lining up for gas at a TotalEnergies gas station with a fuel price panel in Civray-de-Touraine, on September 17, 2026. From France to Syria, via Guatemala, social unrest is rising around the world in response to soaring energy prices. While American diesel hit a new record at the pump on September 16, 2026, at nearly $6.27 a gallon, surging amid ongoing tensions in the Middle East and Ukrainian attacks on Russian refineries, energy prices are skyrocketing everywhere. (Photo by Alain JOCARD / AFP via Getty Images)

This photograph shows vehicles lining up for gas at a TotalEnergies gas station with a fuel price panel in Civray-de-Touraine, on September 17, 2026. From France to Syria, via Guatemala, social unrest is rising around the world in response to soaring energy prices. While American diesel hit a new record at the pump on September 16, 2026, at nearly $6.27 a gallon, surging amid ongoing tensions in the Middle East and Ukrainian attacks on Russian refineries, energy prices are skyrocketing everywhere. (Photo by Alain JOCARD / AFP via Getty Images)

This photograph shows vehicles lining up for gas at a TotalEnergies gas station with a fuel price panel in Civray-de-Touraine, on September 17, 2026. From France to Syria, via Guatemala, social unrest is rising around the world in response to soaring energy prices. While American diesel hit a new record at the pump on September 16, 2026, at nearly $6.27 a gallon, surging amid ongoing tensions in the Middle East and Ukrainian attacks on Russian refineries, energy prices are skyrocketing everywhere. (Photo by Alain JOCARD / AFP via Getty Images)

This photograph shows vehicles lining up for gas at a Total gas station with a fuel price panel in Civray-de-Touraine, on September 17, 2026. From France to Syria, via Guatemala, social unrest is rising around the world in response to soaring energy prices. While American diesel hit a new record at the pump on September 16, 2026, at nearly $6.27 a gallon, surging amid ongoing tensions in the Middle East and Ukrainian attacks on Russian refineries, energy prices are skyrocketing everywhere. (Photo by Alain JOCARD / AFP via Getty Images)

A VW bus is parked at an electric charging station at the headquarters of German carmaker Volkswagen (VW) on September 17, 2026 in Wolfsburg, Germany. German car giant Volkswagen had announced earlier in September 2026 that management and unions had agreed to cut a total of 100,000 jobs by the end of the decade, the biggest-ever restructuring in the global auto industry. (Photo by Ronny HARTMANN / AFP via Getty Images)