XPeng OTA Upgrade Conducted Cumulatively 380,000 Times
29 May 2021 - 3:44AM
Business Wire
XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a leading
Chinese smart electric vehicle company, said today that its smart
EVs have cumulatively conducted 380,000 times of over-the-air
upgrades.
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XPeng P7 (Photo: Business Wire)
XPeng has released cumulatively 23 FOTA (firmware over-the-air)
updates for G3 and P7 users, with 134 new functions add and 2,326
functions optimized from Jan 2019 to May 2021. The cumulative
number of OTA upgrade conducted has exceeded 380,000 times for the
same period.
Building on its rapid technology iterations powered by its
full-stack in-house R&D capabilities and hardware-software
integration solutions, XPeng is able to upgrade not only its
autonomous driving, navigation, electronics and infotainment
systems but also chassis, powertrain and battery management system
via firmware OTA upgrades.
The Company released the XPILOT 3.0 to customers via FOTA
upgrade in January 2021 and started to recognize revenues from
XPILOT software, for the first time in its history. The Company
expects XPILOT’s software monetization will become a recurring
revenue model. XPeng is the only Chinese automaker that has been
able to charge full-stack self-developed autonomous driving
software separately.
Since mass deliveries of the P7 began in June 2020, the Company
has delivered over 23,000 P7s as of March 31st, and on a cumulative
basis the attach rate of XPILOT 3.0 among the eligible P7s has
exceeded 20% as of March 31. Such attach rate further increased to
approximately 25% in March 2021.
The daily penetration rate of XPeng's intelligent voice
assistant has exceeded 90% for 23 consecutive months.
About XPeng
XPeng Inc. 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 offices in Beijing, Shanghai, Silicon
Valley, and San Diego. The Company’s Smart EVs are manufactured at
plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan
provinces, respectively. For more information, please visit
https://en.xiaopeng.com.
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For Media Enquiries: Marie Cheung XPeng Inc.
+852-9750-5170 or +86-1550-7577-546 mariecheung@xiaopeng.com
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