XPENG Hosts its 2023 TECH DAY: Advancing Leadership in Intelligent Driving and AI-defined Mobility

• Introduces XNGP ADAS rollout plan for the first batch of cities without HD map coverage

• Launches AI Valet Driver smart driving feature for urban commuting and frequently travelled routes

• Introduces XPENG’s ultimate architecture for full-scenario ADAS capabilities - XBrain

• Unveils XPENG’s fifth-generation smart cockpit operating system - XOS Tianji

• Uncovers the exterior design of a new flagship model built under SEPA2.0 architecture, the XPENG X9 MPV

XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart EV company, today revealed a series of innovative technological milestones and pioneering industry accomplishments at its fifth annual Tech Day held in Guangzhou. Showcasing XPENG’s top-notch developments based on its robust in-house, full-stack R&D capabilities, especially more mature applications of large models in front-end business and back-end R&D process, this year’s event featured the latest advancements across XPENG’s XNGP ADAS, smart cabin system, powertrain system, electrical and electronic architecture, smart manufacturing, flying car and robot technology. The final highlight of the event was the official unveiling of the XPENG X9, a starship-inspired, large 7-seater MPV that features a highly futuristic, innovative, tech-savvy exterior design, also a flagship model built under SEPA2.0 architecture.

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He Xiaopeng, Chairman and CEO, XPENG (Photo: Business Wire)

XPENG 2023 Tech Day Visual Library

“The innovative advancements powering our industry-leading ADAS and new EV models help actualize the technological evolution shaping today’s EV industry,” said He Xiaopeng, Chairman and CEO of XPENG, at the Tech Day. “Our comprehensive, integrated full-stack, in-house R&D capabilities and robust mobility ecosystem continue to make XPENG a standout choice for consumers looking for EVs with cutting-edge technology at [accessible] price points. Domestic customer demand for EVs remains robust [and we continue to gain traction in European markets] as the global transition from traditional vehicles to EVs accelerates.”

Unleashing leadership in autonomous driving technology

XNGP is actively undergoing engineering testing to expand its availability for urban roadways. XNGP is currently available in five cities and XPENG plans to roll out the XNGP function in an addition of 20 cities that are not covered by HD maps by the end of November 2023, with coverage extended to 50 cities by year-end.

XPENG also kicks off an all-new ADAS feature - AI Valet Driver. After activating the function, drivers can set their start and end points anywhere in the city. After manually driving once, a memorized route is created. Later, when selecting the same travel route, the driver can activate the "AI Valet Driver" function to achieve advanced assisted driving for specific routes or scenarios in the cities.

More importantly, XPENG's prowess lies in its continuous leadership in research and development capabilities. At the Tech Day, the Company also presented its ultimate architecture for full-scenario ADAS - XBrain, which is supported by XNet2.0, the next-gen perception architecture with spatiotemporal understanding, and XPlanner, the neural network-based planning and control system, to enable more human-like learning, thinking and actions.

XOS Tianji is XPENG’s newest development in smart cabin operating systems, seamlessly integrating XPENG’s smart driving capabilities and next-generation smart cabin scenarios, advancing the human-machine co-driving experience. XPENG will also integrate the XGPT, a large-scale AI model, into its smart cabin system, enabling even faster, and more concise responses upon user requests, and delivering the interaction in a more natural way. AI foundation models are not only deployed to enhance intelligent driving and smart cabin capabilities but also vehicle design and code development, enhancing multiple business areas and research domains.

New flagship car model built under SEPA2.0 unveiled

Being the world's only MPV equipped with rear-wheel steering as a standard configuration, the X9 honors the key features of SEPA 2.0 with its signature offerings and, including the 800V high-voltage SiC platform, integrated front and rear aluminium body die-casting technology, and XNGP, among others. The X9 will be the first of XPENG’s vehicles to come equipped with the XOS Tianji smart cabin system, with the X9 slated for its showcase at Auto Guangzhou in November 2023.

Relentless exploration for future mobility in 3D transportation

XPENG has been consistently exploring innovative forms of mobility beyond just cars. XPENG's affiliate company AEROHT has released two development paths for flying cars, namely eVOTL flying cars and modular flying cars, adding more possibilities to XPENG's mobility ecosystem.

XPENG Robotics introduced a new in-house-developed bipedal robot. In the future, XPENG will apply technologies from Smart EVs like XNet deep neural network, XEEA, XGPT, etc., to smart robots.

XPENG 2023 Tech Day replay (English version)

An English-language replay of the event will be available from 07:00 p.m. Beijing time on Wednesday, October 25, 2023 (GMT+8, or 07:00 a.m. U.S. Eastern Time on Wednesday, October 25, 2023), via the following links:

XPENG OFFICIAL WEBSITE ENGLISH

XPENG OFFICIAL IR WEBSITE ENGLISH

XPENG OFFICIAL YOUTUBE CHANNEL

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 the 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 plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://heyXPENG.com.

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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.

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