Latest news with #Xiaopeng
Yahoo
17-06-2025
- Automotive
- Yahoo
Xpeng working to integrate advanced AI chips into VW cars in China
Chinese EV manufacturer Xpeng is reportedly working to integrate its self-developed AI chip into certain car models that Volkswagen (VW) plans to launch in China next year. Xpeng expects that in addition to Volkswagen, other automotive companies will also become customers for these advanced Turing chips designed for autonomous driving, reported The Financial Times. Xpeng chairman and CEO He Xiaopeng said: 'Developing chips is fundamentally a long-term commitment, as Xpeng envisions doing a lot of things across cars, aircraft and robotics. We need a type of chip that can support these platforms and also power our [AI] large language model.' The company is also engaged in discussions to provide chips to additional car manufacturers. "We are seeking long-term partners," Xiaopeng stated. A VW spokesperson in China was quoted by the financial daily as saying: 'As announced, Volkswagen and Xpeng are jointly developing two Volkswagen brand cars for the mid-class segment. Both parties contribute their respective strength. These cars will be launched next year.' Xpeng's latest product highlights China's chip design efforts, part of a long-standing goal to lessen reliance on foreign semiconductors. In the automotive industry, there is a growing demand for high-end AI chips to support the development and operation of advanced driver assistance and autonomous driving systems. In 2023, the German company invested $700m for a 5% stake in Xpeng, as part of a strategic initiative to adapt to the global shift towards EVs. This partnership has seen Volkswagen engineers collaborating with Xpeng at their facilities in Hefei and Guangzhou to enhance Volkswagen's smart-driving capabilities. Xpeng is reportedly investing approximately about $700m annually in the development of AI-related technologies, which constitutes about half of the company's total research and development budget. This investment has enabled Xpeng to become the 'first Chinese automaker' to introduce autopilot features for expressways and a fully voice-controlled smart cabin system, stated Xiaopeng. The advanced chips are claimed to have a computing power of 2,200 tera-operations per second (TOPS), which is based on how many trillion operations a processor can execute in one second. In comparison, vehicles commonly available in the Chinese market typically range from 80 to 700 TOPS. While referring to the processor made by Nvidia, Xiaopeng said at a launch event for enabled Xpeng G7 car: 'The effective computing power of the Turing AI chip is three times greater than that of the leading autonomous driving chip, Orin-X.' Xpeng plans to expand its chip business to recover the significant investments it has made in recent years. In May, Xpeng partnered with European EV charging network provider Plugsurfing to offer its users access to more than 940,000 charging points across 27 countries. "Xpeng working to integrate advanced AI chips into VW cars in China" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
21-05-2025
- Automotive
- Yahoo
China's XPeng EV Deliveries Jump 330%, CEO Cites Margin Improvement For 7 Consecutive Quarters
Chinese EV maker XPeng Inc. (NYSE:XPEV) stock gained on Wednesday after reporting its fiscal first-quarter results. The company reported quarterly sales growth of 141.5% year-on-year to 15.81 billion Chinese yuan ($2.18 billion), topping the analyst consensus estimate of 16.02 billion Chinese yuan. The Tesla Inc (NASDAQ:TSLA) rival's quarterly vehicle deliveries increased 330.8% Y/Y to 94, physical sales network had 690 stores, covering 223 cities as of March 31, 2025. XPeng's self-operated charging station network reached 2,115 stations as of March 31, 2025. Revenues from vehicle sales increased 159.2% year over year to 14.37 billion Chinese yuan ($1.98 billion) due to higher deliveries. Gross margin was 15.6% versus 12.9% a year ago. Vehicle margin was 10.5% versus 5.5% a year ago, primarily attributable to the cost reduction and economies of scale driven by the increase in sales volume. The EV maker said its gross margin has increased for seven consecutive quarters. Operating loss for the quarter was 1.04 billion Chinese yuan ($0.14 billion). Adjusted net loss per ADS was 0.45 Chinese yuan. In USD terms, the adjusted EPADS was a loss of 6 cents. The company held $6.24 billion in cash and equivalents as of March 31, 2025. Chair and CEO Xiaopeng said, 'Despite seasonality for auto sales, our quarterly deliveries hit a new historical high, making us the top-selling automaker among emerging EV companies. Positive market feedback strengthened our confidence in our three-year product cycle. We remain committed to our steadfast long-term growth strategy and continue to launch more blockbuster products.' Outlook: XPENG projects second-quarter vehicle deliveries between 102,000 and 108,000 units, reflecting a surge of 237.7%-257.5% Y/Y. The company anticipates revenue of 17.5 billion Chinese yuan to 18.7 billion Chinese yuan, versus the analyst consensus estimate of 16.85 billion Chinese yuan. Price Action: XPEV shares are up 6.65% at $20.99 premarket at the last check on Wednesday. Read Next:Photo by Robert Way via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article China's XPeng EV Deliveries Jump 330%, CEO Cites Margin Improvement For 7 Consecutive Quarters originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
18-03-2025
- Automotive
- Yahoo
XPeng sees better-than-expected quarterly revenue on new markets, cheaper SUVs
(Reuters) - Chinese electric vehicle maker XPeng on Tuesday forecast first-quarter revenue above estimates, betting on the launch of its lower-priced G6 and G9 SUV models as well as its foray into European markets. China has a hyper-competitive EV market where carmakers try to undercut the competition by offering a bevy of features at a much lower cost than their Western counterparts. XPeng forecast first-quarter revenue of 15 billion yuan to 15.7 billion yuan, the midpoint of which is above analysts' average estimate of 14.86 billion yuan, according to data compiled by LSEG. The Guangzhou-based company expects to deliver between 91,000 and 93,000 vehicles in the first quarter, which is about 317% to 326.2% higher than a year ago. Earlier this month, XPeng revealed its refreshed G6 and G9 SUVs at prices lower than their previous models. The new G6 starts at 176,800 yuan ($24,402), 11.6% lower than its predecessor, while the starting price of the G9 is 5.7% lower at 248,800 yuan, XPeng Chairman He Xiaopeng said at a press conference. Both models are equipped with the proprietary Turing AI smart driving system without an extra charge, Xiaopeng said. The company also signed agreements with distributors Inchcape and Hedin in Europe this month to enter the Polish, Swiss, Czech and Slovak markets. XPeng is expected to break even sometime later in 2025, President Brian Gu had said in an interview with Reuters in November. The company delivered 91,507 vehicles in the fourth quarter, up 52.1% from a year ago. Revenue for the quarter ended December 31 was 16.11 billion yuan, beating estimates of about 16.02 billion yuan. Sign in to access your portfolio
Reuters
18-03-2025
- Automotive
- Reuters
XPeng sees better-than-expected quarterly revenue on new markets, cheaper SUVs
March 18 (Reuters) - Chinese electric vehicle maker XPeng on Tuesday forecast first-quarter revenue above estimates, betting on the launch of its lower-priced G6 and G9 SUV models as well as its foray into European markets. China has a hyper-competitive EV market where carmakers try to undercut the competition by offering a bevy of features at a much lower cost than their Western counterparts. Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here. XPeng forecast first-quarter revenue of 15 billion yuan to 15.7 billion yuan, the midpoint of which is above analysts' average estimate of 14.86 billion yuan, according to data compiled by LSEG. The Guangzhou-based company expects to deliver between 91,000 and 93,000 vehicles in the first quarter, which is about 317% to 326.2% higher than a year ago. Earlier this month, XPeng revealed its refreshed G6 and G9 SUVs at prices lower than their previous models. The new G6 starts at 176,800 yuan ($24,402), 11.6% lower than its predecessor, while the starting price of the G9 is 5.7% lower at 248,800 yuan, XPeng Chairman He Xiaopeng said at a press conference. Both models are equipped with the proprietary Turing AI smart driving system without an extra charge, Xiaopeng said. The company also signed agreements with distributors Inchcape and Hedin in Europe this month to enter the Polish, Swiss, Czech and Slovak markets. XPeng is expected to break even sometime later in 2025, President Brian Gu had said in an interview with Reuters in November. The company delivered 91,507 vehicles in the fourth quarter, up 52.1% from a year ago. Revenue for the quarter ended December 31 was 16.11 billion yuan, beating estimates of about 16.02 billion yuan.
Yahoo
07-03-2025
- Automotive
- Yahoo
Another Chinese automaker is taking the fight to Tesla
While the United States market isn't open to Chinese automakers, the Australian market is a battleground between Chinese and legacy manufacturers. Xpeng is just one emerging Chinese automaker taking aim at the Tesla Model Y, the world's best-selling vehicle. To sweeten the pot, so to speak, Xpeng Australia has extended warranty coverage for the G6 crossover—but the extension won't be around Australia has extended the availability of one of the country's longest warranties. Customers who place an order for the Xpeng G6 between February 1st and June 30th will also get a 10-year vehicle warranty at no extra cost. The warranty is also good for up to 220,000 km, or 136,700 miles. The new Xpeng G6 will also come with a 10-year battery warranty, up from the industry-standard eight-year warranty. The Xpeng G6 officially hit the Australian market last year and is currently the Chinese automaker's only entry into the segment. The G6's standard warranty coverage is five years or 120,000 km. With the 10-year vehicle warranty promotion, Xpeng claims owners will save just under $5,000 AUD. Xpeng is just one of a handful of automakers to offer a 10-year warranty on new vehicles. Nissan is extending its new-vehicle warranty to 10 years or 300,000 km. Mitsubishi is offering a 10-year or 200,000 km warranty, provided service is performed at a Mitsubishi extended promotion comes just months before the updated Tesla Model Y arrives in Australia this spring. The G6 is a direct rival to the Model Y, which is also known as the world's best-selling EV and Australia's best-selling EV. Xpeng's competitor comes in rear- and all-wheel drive configurations, with RWD models generating 280 horsepower and 324 lb-ft of torque. The standard range version offers a range of up to 435 kilometers, or 270 miles. The Long Range model gets a bigger battery, increasing range to 570 kilometers, or roughly 354 miles. The top-spec AWD Performance trim delivers 470 horsepower and 486 lb-ft of torque. It comes with the same 87.5 kWh battery pack as the Long Range variant, and a range of 550 kilometers, or 341 miles. BYD and Tesla are the big dogs in the global EV race, and Xpeng clearly wants to join them. The Chinese automaker sold just over 190,000 vehicles in 2024, up from 141,601 in 2023. According to Xpeng's CEO, however, 2025 marks the beginning of a shakeout."The period from 2025 to 2027 marks the elimination round in the automotive industry," Xpeng CEO He Xiaopeng told The Wall Street Journal. 'Competition in 2025 will be fiercer than ever.' Currently, Xpeng has a toehold in 30 countries and regions, but the Chinese automaker plans to double that to 60 markets in 2025. Xiaopeng expects roughly half Xpeng's sales to come from outside of China by 2033. Xpeng's next stage of expansion, dubbed 'go-global 2.0 strategy,' has already begun with deliveries of the X9 SUV to Thailand. In this phase, the Chinese manufacturer plans to break into Europe, Southeast Asia, Africa, and the Middle East. It's a shame we can't get behind the wheel of a Chinese EV here in the United States. Chinese automotive manufacturer BYD made headlines last year with its incredible sales numbers and foothold in over 70 countries and counting. With Xpeng planning on doubling its global footprint in 2025, it looks like legacy automakers will have more Chinese competition on their hands going forward. Love reading Autoblog? Sign up for our weekly newsletter to get exclusive articles, insider insights, and the latest updates delivered right to your inbox. Click here to sign up now!
