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    XPEV   US98422D1054

XPENG INC.

(XPEV)
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XPeng : 1024 Tech Day Unveils Smart EV Technologies and Mobility Ecosystem

10/24/2021 | 05:28am EST

  • XPILOT 4.0 full-scenario advanced driver assistance to roll out in 1H 2023
  • High voltage supercharging technologies significantly boost charging power and efficiency
  • Unveils design of the next generation flying car, showcasing fly and drive conversion
  • Robotic technology designed to support superior autonomy

XPeng Inc. (NYSE: XPEV and HKEX: 9868) today revealed a series of crucial innovations at its annual 1024 Tech Day, including the latest and most sophisticated version of its in-house developed advanced driver assistance system XPILOT 3.5 and XPILOT 4.0, the design of new generation road-capable flying car, major supercharging technology breakthroughs, and robotic innovations, forming the key components of the company’s smart mobility ecosystem.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211024005023/en/

Design of HT Aero 6th-Gen Flying Car (Photo: Business Wire)

Design of HT Aero 6th-Gen Flying Car (Photo: Business Wire)

“Our exploration of more efficient, safer, carbon-neutral mobility solutions goes far beyond just smart EVs, and is the cornerstone of our long-term competitive advantages,” said Mr. He Xiaopeng, Chairman & CEO of XPeng, at the 1024 Tech Day. “We strive to implement cutting-edge mobility technologies in mass-production models for the benefit of our customers,” Mr. He added.

XPILOT 3.0 achieved outstanding track record since launch

XPILOT has established a leadership position at the cutting edge of smart driver assist technology. Launched in early 2021, Navigation Guided Pilot (NGP) for highways, the core function of XPILOT 3.0, has assisted customers in driving for 11.98 million kilometers, with 60% NGP penetration rate for highway driving mileage in 3Q 2021. The usage data to date demonstrates strong customer adoption and broad recognition of XPILOT’s multi-scenario driver assistance.

XPILOT 3.5 driver assistance system capable of handling city driving scenarios

In 1H 2022, XPeng will be rolling out XPILOT 3.5, extending XPILOT’s driver assistance system to support China’s complex driving scenarios in major roads in the city.

“Man-machine co-pilot functions will remain critical for the foreseeable future. Our mission is to progressively transition from advanced driver assistance to full autonomous driving, with a clear roadmap to connect all driving scenarios. Our closed-loop data operation, fast software iteration and mass production capability – all created in-house – put us in pole position to significantly improve safety and resolve the industry’s long-tail issues in China,” said Dr. Xinzhou Wu, Vice President of Autonomous Driving at XPeng, at the Tech Day event.

XPILOT 3.5 incorporates the industry’s first mass-produced quadruple perception fusion solution, with dual-camera-vision coverage, complemented by LiDAR and millimeter-wave radar sensors. Its visual perception network has been upgraded from 2D detection to 3D, with multiple-target recognition, classification and positioning. With the world’s first LiDAR perception system in a mass production model, XPILOT 3.5 will deliver deep information fusion in a 3D drivable space.

Safety is a core priority at XPeng. The Company has rolled out the industry’s first fully integrated smart driver assistance safety test, setting clear boundaries for drivers before activating functions. Drivers will receive comprehensive safe driving knowledge education and safety tests through XPeng’s smart driving score system, in order to fully embrace a safer man-machine co-pilot experience.

XPILOT 4.0 – full-scenario advanced point-to-point driver assistance

Planned for roll-out in the first half of 2023, XPILOT 4.0 is designed to deliver full-scenario driver assistance which can support point-to-point driving for customers. XPILOT 4.0 will be built on a comprehensive hardware upgrade, with 508 TOPS ECU computing power supported by two Orin-X autonomous driving SoC (System-on-the-Chip) units, 8-million-pixel front-view binocular camera and 2.9-million-pixel side-view cameras, and a highly integrated and expandable domain controller. The hardware upgrade will again significantly increase XPILOT’s perception capability on top of its market-leading multiple-perception fusion platform.

High voltage supercharging technologies to significantly boost charging power and efficiency

The evolving smart mobility ecosystem depends on highly efficient and full-coverage power infrastructure. To deliver this goal, XPeng will introduce China’s first 800V high-voltage mass-production SiC platform, with new-generation “X-Power” superchargers able to charge for a range of up to 200 km in just 5 minutes. To maximize the utility of the 800V SiC platform, XPeng will also roll out lightweight 480 kW high-voltage supercharging piles with IP67 protection, and safety monitoring, delivering a superior safe and convenient charging experience for customers. Supporting this supercharging network, XPeng will also launch power storage facilities in both piles and mobile vehicles.

XPeng currently has comprehensive supercharging network in China among all Chinese auto brands, with 1,648 free charging stations servicing 98.6% of its car owners, and 439 branded supercharging stations across China.

Unveils design of the next generation flying car, showcasing fly and drive conversion

At the Tech Day, XPeng unveiled the new generation flying car design developed by its affiliate Urban Air Mobility (UAM) company HT Aero. The new model will be built on HT Aero’s successful record of 15,000+ safe flights completed to date, fully in-house developed R&D, and multi-level safety redundancy design.

Planned for roll-out in 2024, the new road-capable model will feature a lightweight design, and a foldable rotor mechanism for seamless fly-drive conversion.

Robotic technology designed to support superior autonomy

XPeng also presented another aspect of its smart mobility ecosystem, its robotics innovations, during its 1024 Tech Day. XPeng foresees smart robots becoming an intelligent platform for the integrated smart mobility ecosystem. Addressing far more complex challenges in autonomy, sensing and interaction than vehicles, the pony-style robot prototype will be able to perceive diverse environments and multiple targets with 3D route planning, and execute multi-mode user recognition through facial, body and voiceprint sensing.

The next generation of robotics technologies integrated into smart mobility will need advanced sensory and tactile interactions to navigate and interact with complicated and highly diverse environments. The robot will have a 360-degree peripheral camera module and LiDAR sensing system, with object recognition, sound field sensory capabilities. XPeng will explore increasingly diverse scenarios to support wider mobility, planning and man-machine interaction.

Tech Day images and videos:

XPENG 2021 TECH DAY LIBRARY

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About XPeng Inc.

XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. 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 autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/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 manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://en.xiaopeng.com.

This press release contains 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: the Company’ goals and strategies, expansion plans, future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; the Company’s expectations regarding demand for, and market acceptance of, its products and services, its 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. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.


© Business Wire 2021
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Financials
Sales 2021 19 997 M 3 136 M 3 136 M
Net income 2021 -5 432 M -852 M -852 M
Net cash 2021 26 331 M 4 130 M 4 130 M
P/E ratio 2021 -52,3x
Yield 2021 -
Capitalization 239 B 37 483 M 37 483 M
EV / Sales 2021 10,6x
EV / Sales 2022 5,91x
Nbr of Employees 5 084
Free-Float 47,4%
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Number of Analysts 16
Last Close Price 279,26 CNY
Average target price 396,84 CNY
Spread / Average Target 42,1%
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Managers and Directors
Xiao Peng He Chairman & Chief Executive Officer
Heng Xia President & Director
Ji Han Xu Vice President-Automotive Research & Development
Qin Liu Independent Director
Ji Xun Foo Independent Director
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