Overview

• XPeng announced its entry into the Italian market later this month, part of its goal to operate in 60 markets by the end of 2025.
• At the Shanghai Auto Show, the company launched a P7+ sedan variant featuring a 5C ultra-fast charging AI battery, promising a month's commute with just 10 minutes of charging.
• XPeng is developing a 72-billion-parameter autonomous driving model, called XPeng World Base Model, to compete with leading AI-driven autonomous vehicle technologies globally.
• The company sold 6,600 vehicles in China last week, a 1.5% decline from the previous week, with year-to-date sales reaching 109,200 units.
• Despite rapid sales growth and a 5% Volkswagen investment, XPeng remains unprofitable, focusing on global diversification and advanced technology to achieve profitability.