Latest news with #Xiaopeng
Yahoo
12 hours ago
- Automotive
- Yahoo
Chinese automaker unveils AI-powered EV with impressive capabilities: 'Hardcore technology'
A Chinese automaker is debuting its new electric SUV featuring artificial intelligence computing power. According to Car News China, Xpeng unveiled its latest model, the G7, back in early June. The car combines "hardcore technology with spacious comfort," says Xpeng chairman He Xiaopeng. The G7 will have the same electric 292-horsepower engine as its predecessor, the G6, and is expected to demonstrate low energy consumption. However, the engine and battery play second fiddle to the car's list of features, which help the G7 fit Xiaopeng's description of the car, per Car News China, as an intelligent SUV. First and foremost among those features is the car's Turing AI chip, designed by the company. The Turing chip will enable self-driving as well as the car's augmented reality head-up display — or AR-HUD — system. That HUD just may be the star of the G7 show. With an 87-inch display, it utilizes the Turing chip to analyze data and project information across multiple lanes, covering up to eight different driving scenarios. It projects navigation data over the real-world view, which could aid in decision-making and improve safety. The Turing chip also supports features like lane-level navigation, assisted driving, and the standard array of safety alerts, such as lane departure and pedestrian warnings, according to Car News China. It can also help drivers navigate poor weather. If that wasn't enough, the G7's price is pretty eye-opening. It comes in at just $36,000 — at least $8,000 cheaper than the Tesla Model Y. Replacing a gas-powered car with an EV is a fantastic way to save on fuel costs and reduce one's carbon footprint. Drivers can also enhance the savings and environmental benefits by installing solar panels at home to power their EVs using cleaner, more affordable energy. For those looking to switch to solar, EnergySage offers free tools to connect prospective buyers with vetted local installers, potentially saving consumers up to $10,000 on solar installation. Xpeng started accepting presale orders for the G7 on June 11 in China. Deliveries are expected to begin later this year. Would you buy an EV if it only took you five minutes to charge? Sign me up Depends on the cost No way I already have one Click your choice to see results and speak your mind. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
31-07-2025
- Automotive
- Yahoo
XPENG Introduces A Localization Strategy And Delivers Indonesia's First Locally-Made X9
XPeng Inc. (NYSE:XPEV) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. XPeng Inc. (NYSE:XPEV) formally launched its worldwide production strategy at the 2025 Gaikindo Indonesia International Auto Show by delivering its first locally produced X9. A close-up of a luxury electric sports sedan, its sleek body reflecting the energy of progress. Indonesia becomes the firm's first international production hub with the opening of its new factory in Purwakarta. The 800V design and 5C ultra-fast charging of its New G6 enabled a 10-80% charge in just 12 minutes. XPeng Inc. (NYSE:XPEV)'s debut into Indonesia, Southeast Asia's largest vehicle market, is a deliberate move to further cement regional dominance. The X9 combines advanced features like rear-wheel steering and a smart cockpit with family-friendly functionality. It is already popular among 30,000 families worldwide. It also became Hong Kong's best-selling MPV in June. A 2,485-mile cross-border journey from China to Jakarta was conducted to show the X9's capabilities. Chief executive officer Xiaopeng of XPeng Inc. (NYSE:XPEV) pointed out the company's effort to support Indonesia's industrial goals and its wider worldwide presence in EV innovation. It is one of the Best EV Stocks. While we acknowledge the potential of XPEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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
