financetom
Technology
financetom
/
Technology
/
XPeng CEO says its software, AI upgrades to enter 'super fast cycle'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
XPeng CEO says its software, AI upgrades to enter 'super fast cycle'
Apr 24, 2024 8:48 PM

BEIJING, April 25 (Reuters) - Chinese electric vehicle

(EV) maker XPeng ( XPEV ) on Thursday said its software and

artificial intelligence training upgrades will enter a "super

fast cycle" from May, and that it hopes use of its platform will

expand to other Asian countries and Europe.

He Xiaopeng, founder and CEO of the automaker backed by

Germany's Volkswagen, said software will be

refreshed with upgrades every two months, in comments made at a

press conference on the opening day of the Beijing auto show.

"This year, I believe XPeng ( XPEV ) will far surpass all of China's

autonomous driving technology rivals," he said.

While rival Chinese automakers have been cutting costs amid

a price war, XPeng ( XPEV ) has pledged to invest heavily in technology

innovation as buyers in the world's largest auto market

increasingly seek more high-tech features when choosing cars.

In February, XPeng ( XPEV ) said it plans to hire 4,000 people

this year and invest 3.5 billion yuan ($482 million) in

artificial intelligence for intelligent driving technology.

He also said he hoped a smart EV that Xpeng ( XPEV ) is developing

under new brand "Mona" will sell better than the SU7 from Xiaomi ( XIACF )

in the second half of this year, and that Xpeng ( XPEV ) plans

pre-sales for a flying car in the fourth quarter.

XPeng ( XPEV ), one of China's best-selling EV startups, counts

Volkswagen as a shareholder after the German automaker invested

around $700 million for a 4.99% stake.

Volkswagen has said it developed a new architecture for

intelligent and electric cars with Xpeng ( XPEV ) that will help the

German automaker offer more affordable models.

($1 = 7.2467 Chinese yuan)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
We Store Frozen Partners with Zimark to Revolutionize Cold Storage Technology in Texas
We Store Frozen Partners with Zimark to Revolutionize Cold Storage Technology in Texas
Oct 28, 2025
Houston, TX, Oct. 28, 2025 (GLOBE NEWSWIRE) -- We Store Frozen, one of Texas’s leading cold storage and logistics providers, announced a strategic partnership with Zimark, a technology company owned by ZIM Integrated Shipping Services, the world’s seventh-largest shipping line. This collaboration marks a new era of automation, intelligence, and efficiency in the U.S. cold storage industry. Image: We Store...
Semler Scientific® to Release Third Quarter 2025 Financial Results
Semler Scientific® to Release Third Quarter 2025 Financial Results
Oct 28, 2025
CAMPBELL, Calif., Oct. 28, 2025 /PRNewswire/ -- Semler Scientific, Inc. ( SMLR ) , the second U.S. public company to adopt Bitcoin as its primary treasury reserve asset and a leader in medical devices and software to combat chronic diseases, today announced that due to its pending transaction with Strive, Inc., the company will not be hosting a conference call...
Kulicke & Soffa Schedules Fourth Quarter 2025 Conference Call for 8:00 AM ET, November 20th, 2025
Kulicke & Soffa Schedules Fourth Quarter 2025 Conference Call for 8:00 AM ET, November 20th, 2025
Oct 28, 2025
SINGAPORE, Oct. 28, 2025 /PRNewswire/ -- Kulicke and Soffa Industries ( KLIC ), Inc. (Kulicke & Soffa, K&S or the Company), a global leader in semiconductor assembly technology, today announced that a conference call is scheduled to discuss the Company's fourth fiscal quarter 2025 financial results and its business outlook, on Thursday, November 20, 2025, at 8:00 am ET. The Company...
A Look Into Workday Inc's Price Over Earnings
A Look Into Workday Inc's Price Over Earnings
Oct 28, 2025
In the current session, Workday Inc. ( WDAY ) is trading at $236.93, after a 0.83% decrease. Over the past month, the stock fell by 1.58%, and in the past year, by 0.57%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. A Look at Workday P/E Relative to Its Competitors The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved