XPENG Reveals Groundbreaking Mobility Technologies at 2022 TECH DAY

Rhea-AI Summary

XPeng Inc. (NYSE: XPEV) showcased significant technological advancements at its 2022 Tech Day in Guangzhou, China. Highlights include the introduction of the XNGP driver assistance system, capable of navigating various driving scenarios without map reliance. The company also unveiled XNet, its next-gen neural network architecture, powered by supercomputing systems, enhancing autonomous driving capabilities. Major milestones include obtaining road test permits for its robotaxi and launching the world’s first eVToL flying car. These innovations aim to strengthen XPeng's competitive advantage in the smart EV sector.

Positive

• Introduction of XNGP, an advanced driver assistance system enabling full-scenario navigation without high-precision maps.
• Launch of XNet, a next-generation neural network architecture, significantly improving autonomous vehicle perception and decision-making.
• Achievement of government road test permits for robotaxi development, establishing XPeng as a leader in intelligent connected vehicles.
• Successful maiden flight of the world's first eVToL flying car, showcasing innovation and potential for future mobility solutions.

Negative

• None.

• XNGP, industry’s first full-scenario mass-produced advanced driver assistance, to expand coverage    
• Introduces XNet, XPENG's next-generation neural network-based perception architecture, backed by China’s most powerful supercomputing center for autonomous driving
• Establishes a closed-loop self-evolving AI and data platform for autonomous driving 
• Achieves new robotaxi development milestone, obtains government-led intelligent connected vehicle road test permit
• Brings the industry's most advanced in-car voice system to all future users in China
• Unveils new design for the world's first eVToL flying car, completes maiden flight
• Reveals major feature upgrades for AI-powered robot

GUANGZHOU, China--(BUSINESS WIRE)-- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart EV company, today unveiled a series of groundbreaking technical achievements and industry firsts at its fourth annual 1024 Tech Day held at its Company headquarters in Guangzhou. Showcasing XPENG’s in-house, full-stack R&D capabilities, this year’s event featured XPENG’s next-generation neural network-based perception architecture, closed-loop AI and data management platform, industry leading voice and smart cabin technologies, and the latest developments in its mobility ecosystem, including latest robotaxi, flying car and robotics endeavors.

XPENG Flagship SUV G9 (Photo: Business Wire)

XPENG 2022 Tech Day video and visual library
https://drive.google.com/drive/folders/12kdzQg9PPvcd4VWPC0plM3DP-n2ytB0E

“Our strong technological R&D capabilities allow us to fulfill customer needs with innovations,” said He Xiaopeng, Chairman & CEO of XPENG, at the 2022 Tech Day. “Driven by our vision of ‘tech for the greater good’ and customers’ evolving demands, we continue to reach technical breakthroughs and set new industry benchmarks. Our staunch IP also provides significant barriers to entry, propelling our considerable head start. Each component we originate for our mobility ecosystem strengthens our proprietary platform and competitive advantage, while providing a springboard for our significant future growth.”

“Our rollout of City NGP (Navigation Guided Pilot) pilot program in September represented a decisive milestone in the second half of the race to the autonomous driving end-game,” Dr. Xinzhou Wu, Vice President of Autonomous Driving of XPENG, commented. “Enhancing customer experience through innovation is our ultimate goal. We are implementing the most advanced driver assistance in mass-produced vehicles in complex urban driving environments, a huge leap forward as we work to build our autonomous driving capabilities. The underlying strength of this holistic platform will support our exponential growth, anticipated in the next phase of the race.”

XNGP, China’s most advanced driver assistance covering all scenarios, non-reliant on maps

Introduced at the Flagship SUV G9 launch in September, XNGP is designed to be XPENG’s last step before full autonomous driving is realized, offering advanced driver assistance in the full spectrum of driving scenarios from highways and carparks to complex city roads and urban expressways. XNGP also achieved a technological breakthrough in expanding it to areas not covered by high-precision maps, nationwide.

XNGP is supported by significant hardware upgrades, including 508 TOPS of computing power, dual-LiDAR system, 8-megapixel HD cameras and a new software architecture XNet, backed by a closed-loop, self-evolving AI and data system.

XNet, XPENG’s next-generation neural network-based perception architecture

XPENG unveiled its next-generation neural network-based software architecture XNet on Tech Day. Different from the first-generation visual perception architecture, XNet adopts an in-house developed deep neural network for visual recognition with human-like decision making capabilities, drawing from multiple cameras’ data. The neural network technology supersedes complicated manual processing logic to achieve a self-evolving data-driven algorithm.

XPENG’s XNet-empowered autonomous driving technical stack is backed by Fuyao, China’s largest supercomputing center for autonomous driving. Supported by Alibaba Cloud’s intelligent computing platform, supercomputing capability at Fuyao can reach 600PFLOPS, increasing the training efficiency of autonomous driving model by over 600 times. That’s to say, time spent can be reduced from 276 days to 11 hours for a model training.

With state-of-the-art deployment optimization, XNet uses only 9% of Orin-X chip’s processing power, compared with 122% before optimization.

Closed-loop self-evolving AI and data platform for autonomous driving

XPENG has established China’s first fully closed-loop autonomous driving data system, encompassing data collection, labeling, training and deployment. Supported by a full auto-labeling system (able to complete 2,000 people/year's labeling work in 16.7 days), and Fuyao’s supercomputing capability, every detected corner case can be addressed by utilizing a targeted data collection approach to acquire a massive amount of training data from its mass-produced vehicle fleet.

XPENG’s high-efficient AI capabilities enable consistent and unsupervised machine leaning and rapid iterations in training models, resolving over 1,000 rare corner cases each year. This highly efficient closed-loop AI and data system has helped reducing incident rate for the Highway NGP by 95%.

XPENG robotaxi development achieves a milestone, obtaining Intelligent Connected Vehicle Road Test permit

XPENG’s G9 SUV became China’s first mass-produced commercial vehicle to pass the government-led Autonomous Driving Closed-field Test, a major step forward in XPENG’s robotaxi development. The test was completed in accordance with the requirements of the autonomous driving function test for intelligent connected vehicles in Guangzhou, a tier-one city in China.

“Obtaining the road test permit by our mass-produced commercial vehicles - with no retrofit - is a major achievement,” said Dr. Wu on Tech Day. “Our platform-based robotaxi development aims to generate significant cost benefits, and ensure product quality, safety and user experience.”

The industry’s most advanced in-car voice system available for all future users

XPENG is the automotive industry’s first brand to utilize in-house developed underlying voice technologies, and first to incorporate Multiple Input Multiple Output (MIMO) multi-zone technology for its new generation of in-car voice system.

XPENG’s all-scenario voice system 2.0 version, unveiled earlier, recognizes commands from every passenger in the cabin and understand instructions across multiple streams of conversations with an accuracy rate that exceeds 96%. Capable of responding to instructions without an activation command or even internet connection, the voice system 2.0 performs takes less than one second from command receipt to execution, delivering interface feedback in 245ms and voice feedback in less than 700ms.

XPENG will make its industry’s first whole-car, always-on voice system as standard on all new vehicles in China.

The world’s first eVToL displays upgraded design, completing maiden flight

XPENG unveiled the latest version of the world’s first full-electric vertical take-off and landing (eVToL) flying car, developed by its ecosystem affiliate XPENG AEROHT. Optimized from last year’s horizontal dual-rotor structure to a new distributed multi-rotor configuration, the overall system design complexity has also been reduced to further enhance flight safety and reliability. The test vehicle of the new flying car has successfully completed its maiden flight as well as multiple single-motor failure tests.

In driving mode, it is comparable with any conventional car in terms of functionality and measurement. In flight mode, the flying car is piloted using the steering wheel and the right-hand gear lever as controls to move forward and backward, make turns, ascend, hover and descend.

AI-powered robot features enhanced design, sophisticated structure

XPENG is leveraging its AI capabilities to empower robotic intelligence. Its equine robot prototype has been upgraded with a new design to better support multi-degree-of-freedom (MDOF) motion, and locomotion capabilities.

The new design also features a more sophisticated mechanical structure with higher transmission efficiency, a stronger robot actuator, a high-end auto-grade computing platform, and battery and thermal management system. Its motion control system has been significantly upgraded to better adapt with complex indoor and outdoor terrain conditions such as stairs, steep slopes and gravel roads.

XPENG 2022 Tech Day replay (English version)

An English-language replay of the event will be available from 12:00 p.m. Beijing time on Tuesday, October 25, 2022 (GMT+8, or 00:00 a.m. U.S. Eastern Time on Tuesday, October 25, 2022), via the following links:

XPENG OFFICIAL WEBSITE ENGLISH

XPENG OFFICIAL IR WEBSITE ENGLISH

XPENG OFFICIAL YOUTUBE CHANNEL

About XPENG Inc.

XPENG Inc. (“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 and data, 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. The Company’s Smart EVs are mainly manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://heyXPENG.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221024005628/en/

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Source: XPeng Motors

FAQ

What is XPeng's XNGP system introduced on October 24, 2022?

XNGP is XPeng's advanced driver assistance system that covers all driving scenarios and doesn't rely on high-precision maps.

What advancements did XPeng announce at their Tech Day on October 24, 2022?

XPeng introduced XNGP, XNet, obtained permits for robotaxi testing, and unveiled a new design for its eVToL flying car.

What is the significance of XNet for XPeng's autonomous cars?

XNet enhances XPeng's autonomous driving capabilities with a deep neural network for improved perception and decision-making.

How does XPeng's eVToL flying car differ from conventional cars?

XPeng's eVToL flying car can operate both as a conventional vehicle on the ground and as a flying vehicle, showcasing innovative mobility solutions.

What future opportunities do XPeng's recent announcements present for investors?

XPeng's technological advancements and regulatory achievements position the company for growth in the smart EV market, potentially increasing shareholder value.