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XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

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XPENG, a leading Chinese Smart EV company, celebrated its 10th anniversary with significant announcements:

  • Launched MONA M03, an intelligent all-electric hatchback coupe priced between RMB 119,800 and 155,800
  • Unveiled XPENG Turing, the world's first 40-core chip for AI models in vehicles, robots, and eVOTLs
  • Introduced AI Hawkeye Visual Solution, a next-gen AI-powered perception system for smart driving
  • Announced a 4-phase plan to achieve L3+ smart driving experience using L2 hardware within 18 months

The MONA M03 features advanced design, smart driving capabilities, and spacious interiors. XPENG aims to become a global technology company centered on AI-powered vehicles, predicting annual sales of 1 million AI-powered vehicles and half of its sales from overseas markets in the next decade.

XPENG, una delle principali aziende cinesi di veicoli elettrici smart, ha celebrato il suo 10° anniversario con annunci significativi:

  • Presentata la MONA M03, una coupé hatchback completamente elettrica intelligente, con un prezzo compreso tra RMB 119.800 e 155.800
  • Svelato XPENG Turing, il primo chip al mondo con 40 core per modelli di intelligenza artificiale in veicoli, robot e eVOTL
  • Introdotto AI Hawkeye Visual Solution, un sistema di percezione avanzata alimentato da intelligenza artificiale per la guida smart
  • Annunciato un piano in 4 fasi per raggiungere un'esperienza di guida smart L3+ utilizzando hardware L2 entro 18 mesi

La MONA M03 presenta un design all'avanguardia, capacità di guida intelligente e interni spaziosi. XPENG punta a diventare un'azienda tecnologica globale incentrata su veicoli alimentati da intelligenza artificiale, prevedendo vendite annuali di 1 milione di veicoli AI e metà delle sue vendite dai mercati esteri nel prossimo decennio.

XPENG, una de las principales empresas de vehículos eléctricos inteligentes de China, celebró su 10º aniversario con anuncios significativos:

  • Lanzamiento de la MONA M03, un coupé hatchback completamente eléctrico e inteligente, con un precio entre RMB 119.800 y 155.800
  • Presentación de XPENG Turing, el primer chip de 40 núcleos del mundo para modelos de IA en vehículos, robots y eVOTLs
  • Introducción de AI Hawkeye Visual Solution, un sistema de percepción de próxima generación impulsado por IA para conducción inteligente
  • Anuncio de un plan en 4 fases para lograr una experiencia de conducción inteligente L3+ utilizando hardware L2 en un plazo de 18 meses

La MONA M03 presenta un diseño avanzado, capacidades de conducción inteligente y interiores espaciosos. XPENG tiene como objetivo convertirse en una empresa tecnológica global centrada en vehículos impulsados por IA, prevé ventas anuales de 1 millón de vehículos AI y que la mitad de sus ventas provengan de mercados internacionales en la próxima década.

XPENG, 선도적인 중국의 스마트 전기차 회사, 10주년을 기념하여 중요한 발표를 했다:

  • 가격이 RMB 119,800에서 155,800인 지능형 완전 전기 해치백 쿠페인 MONA M03을 출시했다
  • 차량, 로봇 및 eVOTL을 위한 AI 모델의 세계 최초 40코어 칩인 XPENG Turing을 공개했다
  • 스마트 드라이빙을 위한 차세대 AI 기반 인식 시스템인 AI Hawkeye Visual Solution을 소개했다
  • L2 하드를 이용하여 18개월 이내에 L3+ 스마트 드라이빙 경험을 달성하기 위한 4단계 계획을 발표했다

MONA M03은 진보된 디자인, 스마트 드라이빙 기능 및 넓은 내부를 특징으로 한다. XPENG은 AI 기반 차량에 중점을 두고 글로벌 기술 회사로 성장할 계획을 세우고 있으며, 향후 10년 동안 연간 100만 대의 AI 차량 판매와 해외 시장에서의 판매 비율이 50%에 이를 것으로 예상하고 있다.

XPENG, une entreprise chinoise leader dans le secteur des véhicules électriques intelligents, a célébré son 10ème anniversaire avec des annonces significatives :

  • Lancement de la MONA M03, un coupé hatchback entièrement électrique et intelligent, dont le prix varie entre RMB 119.800 et 155.800
  • Dévoilement de XPENG Turing, la première puce au monde à 40 cœurs pour des modèles d'IA dans les véhicules, les robots et les eVOTL
  • Présentation de la AI Hawkeye Visual Solution, un système de perception de nouvelle génération alimenté par l'IA pour la conduite intelligente
  • Annoncé un plan en 4 phases visant à atteindre une expérience de conduite intelligente L3+ en utilisant du matériel L2 dans un délai de 18 mois

La MONA M03 se distingue par son design avancé, ses capacités de conduite intelligente et ses intérieurs spacieux. XPENG vise à devenir une entreprise technologique mondiale axée sur les véhicules alimentés par l'IA, prévoyant des ventes annuelles de 1 million de véhicules dotés d'IA et que la moitié de ses ventes proviendra des marchés étrangers au cours de la prochaine décennie.

XPENG, ein führendes chinesisches Unternehmen für intelligente Elektrofahrzeuge, feierte sein 10-jähriges Bestehen mit bedeutenden Ankündigungen:

  • Einführung des MONA M03, eines intelligenten, vollelektrischen Kombicoupés zu einem Preis von RMB 119.800 bis 155.800
  • Enthüllung des XPENG Turing, dem weltweit ersten 40-Kern-Chip für KI-Modelle in Fahrzeugen, Robotern und eVOTLs
  • Vorstellung der AI Hawkeye Visual Solution, einem KI-gesteuerten Wahrnehmungssystem der nächsten Generation für intelligentes Fahren
  • Ankündigung eines 4-Phasen-Plans zur Erreichung eines L3+-smartes Fahrerlebnisses mit L2-Hardware innerhalb von 18 Monaten

Der MONA M03 zeichnet sich durch fortschrittliches Design, intelligente Fahrfunktionen und geräumige Innenräume aus. XPENG strebt an, ein globales Technologieunternehmen zu werden, das sich auf KI-gesteuerte Fahrzeuge konzentriert, und prognostiziert jährliche Verkäufe von 1 Million KI-gesteuerten Fahrzeugen, wobei die Hälfte der Verkäufe in den nächsten zehn Jahren aus dem Ausland stammen soll.

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• Successful tape-out of “XPENG Turing,” XPENG’s self-developed chip with a 40-core CPU, which empowers AI vehicles, AI robots and eVOTLs

• Roll out of next-gen AI-powered perception solution for smart driving, the “AI Hawkeye Visual Solution” or “Hawkeye,” which maximizes capabilities of end-to-end AI models

• Announced 4-phase plan for "end-to-end" technology aimed to achieve an L3+ smart driving experience using L2 hardware within 18 months

• Unveiled MONA M03, an intelligent, all-electric hatchback coupe starting at RMB 119,800

GUANGZHOU, China, Aug. 28, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today launched the MONA M03, its intelligent, all-electric hatchback coupe, featuring three versions priced between RMB 119,800 and 155,800 with deliveries beginning in September.

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

XPENG 10th Anniversary Gala Night Asset Library

XPENG MONA M03 Asset Library

MONA’s launch was officially announced at XPENG’s 10th Anniversary Gala, where the Company also revealed its inaugural in-house developed chip, the XPENG Turing. Named after computing pioneer Alan Mathison Turing, this cutting-edge innovation embodies XPENG’s relentless commitment to intelligent technology R&D over the last decade. Following its successful tape-out on August 23, XPENG Turing became the world’s first 40-core chip tailored for AI models and the first chip designed to empower AI-defined cars, AI robots and eVOTLs. Additionally, the Company introduced its Lateral Overflow Integration Capacitor or LOFIC-based AI Hawkeye Visual Solution (“Hawkeye”), which will debut on the XPENG P7+ in the fourth quarter of 2024.

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

“The last ten years encompass not only XPENG’s first decade but also the first decade of China's smart driving journey. As a company that develops its full-stack smart driving technology in-house, our goal has always been to build a user-friendly, easy-to-drive smart car for technology lovers in China,” said He Xiaopeng, CEO and Chairman of XPENG. “Meanwhile, intelligence has become the biggest and most exciting trend for the future. For our next decade, XPENG is setting new goals: to become a global technology company centered on AI-powered vehicles."

He also made three "predictions" for the Chinese automotive industry and XPENG over the next decade, focusing on globalization and AI:

• Only seven mainstream Chinese automotive brands will remain

• XPENG’s annual sales of AI-powered vehicles will reach 1 million units

• Half of XPENG's sales will come from overseas markets

Ushering in the Era of AI-Defined Cars: XPENG Turing's Successful Tape-Out and the Debut of the AI Hawkeye Visual Solution on the XPENG P7+

Serving as the "brain" of XPENG’s AI car family and developed for L4 autonomous driving, the XPENG Turing chip utilizes a DSA (Domain Specific Architecture) for neural networks, delivering performance three times greater than that of existing chips and providing powerful computing support for autonomous driving.

XPENG Turing will significantly propel the development of XPENG’s AI models. Additionally, end-to-end AI models will accelerate the arrival of L4 autonomous driving and enable XPENG to achieve an L3+ user experience on L2 hardware at an L2 price within 18 months.

System-level improvements in smart driving capabilities rely on the evolution of perception systems. End-to-end large models can maximize the amount of data collected by cameras. To meet this demand, XPENG has released its next-generation smart driving perception solution for end-to-end AI applications: the AI Hawkeye Visual Solution.

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

On the hardware side, the "AI Hawkeye Vision Solution" integrates two front and rear 8M cameras, which significantly enhance their precision, range, and color resolution capabilities. The world's first LOFIC architecture effectively improves backlight perception, allowing the "AI Hawkeye Vision Solution" to see more clearly in low-light, backlight, and high-contrast lighting conditions.

On the software side, empowered by end-to-end large models, the "AI Hawkeye Vision Solution" can process visual information without conversion, directly inputting it into the neural network, which enhances the sensitivity and responsiveness of perception regulation.

XPENG has developed compatibility for its smart driving software to ensure consistency in advanced smart driving experiences, whether utilizing the AI Hawkeye Vision Solution or the LiDAR-equipped Max versions. In the fourth quarter of this year, the XPENG P7+ will be the first model to feature the "AI Hawkeye Vision Solution," with other models, including the MONA series, to follow.

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

The AI-powered MONA M03 represents a comprehensive evolution in design, smart driving, smart cockpit, interior space and power consumption, setting a new benchmark in its class.

The design language of the XPENG MONA M03, informed by AI-quantified aesthetics, seamlessly blends beauty and functionality. Its ultra-attractive, sporty exterior design is comparable to that of coupes in the RMB 200,000 range, featuring a length of 4,780mm, a wheelbase of 2,815mm, and the largest trunk space in its class at 621L. With the only standard electric hatchback tailgate in its class, M03’s sleek profile improves upon the golden ratio of sports coupes to deliver world-leading wind resistance among mass-produced pure electric hatchbacks, achieving a drag coefficient of Cd0.194.

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

To affordably bring the joy of smart driving to younger audiences, the MONA M03 boasts the most advanced smart driving features in its class, offering two ADAS solutions, M03 and M03 Max, to meet various smart driving needs. Full-scenario smart parking and over 20 smart hardware components come standard across the entire M03 product lineup. Meanwhile, the M03 Max is equipped with full-scenario XNGP ADAS that covers all public roads in China, making it the industry’s only urban smart driving solution priced under RMB 200,000. This version is scheduled to begin delivery after the Chinese New Year in 2025.

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

Additionally, the "Land Carrier" flying car from XPENG will officially begin pre-sales in the fourth quarter of this year, and XPENG's second-generation humanoid robot will be unveiled at the "1024 XPENG Tech Day."

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

XPENG Launches MONA M03 and Showcases Technology Innovations at 10th Anniversary Gala

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. XPENG’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goals and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts:

For Investor Enquiries:
IR Department
XPeng Inc.
Email: ir@xiaopeng.com

Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com

For Media Enquiries:
PR Department
XPeng Inc.
Email: pr@xiaopeng.com

Source: XPeng Inc.

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FAQ

What is the price range of XPENG's new MONA M03 electric vehicle?

The XPENG MONA M03 is priced between RMB 119,800 and 155,800, with deliveries starting in September 2024.

What is XPENG Turing and why is it significant for XPEV stock?

XPENG Turing is the company's first in-house developed chip, featuring a 40-core CPU designed for AI models in vehicles, robots, and eVOTLs. It's significant for XPEV stock as it demonstrates the company's technological advancement and potential for future growth in AI-powered transportation.

When will XPENG (XPEV) introduce the AI Hawkeye Visual Solution?

XPENG (XPEV) will debut the AI Hawkeye Visual Solution on the XPENG P7+ model in the fourth quarter of 2024.

What are XPENG's sales predictions for AI-powered vehicles in the next decade?

XPENG predicts that its annual sales of AI-powered vehicles will reach 1 million units in the next decade.

When will XPENG (XPEV) begin pre-sales for its 'Land Carrier' flying car?

XPENG (XPEV) plans to begin pre-sales for its 'Land Carrier' flying car in the fourth quarter of 2024.

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