XPENG Now on Fortune China's "Tech 50" and "China 500" Lists
30 October 2024 - 9:30PM
XPENG, a leading Chinese high technology car company, is
proud to announce that it has secured places on both the "Fortune
Tech 50" and "Fortune China 500" lists. The placings were announced
during the Fortune China "Tech 50 Innovation Night" and "2024
Fortune China 500 Summit" on October 16 and 17, hosted in Shanghai.
XPENG is glad to receive these esteemed accolades that reaffirm its
competitive advantage and status as a leader in technological
innovation.
"Fortune Tech 50" is an inaugural list by Fortune
China that spotlights Chinese tech companies making a global
impact. Companies are judged based on technical innovation, as well
as their global economic influence and positive social impact.
XPENG was one of only two automotive companies to make the list,
thanks to its pioneering AI-defined mobility technology, autonomous
driving breakthroughs, and industry-leading AI model
applications.
Fortune China praised XPENG for its edge in smart
driving technology. "XPENG is a formidable competitor in the sector
as the race for dominance in autonomous driving intensifies.
Innovation fueled by technology is the foundation of XPENG's
strategy - in May, XPENG announced the mass production of its
end-to-end AI model. Rolled out to users through the AI-powered
Tianji XOS system, XPENG calls the model 'the first system in the
industry to apply AI technology to both smart cockpit and ADAS
systems.' In July, XPENG entered a strategic partnership with
Volkswagen to co-develop electronic and electrical architecture
technology. The partnership leverages both companies' technological
advantages to expand their market influences, a move seen as a
pivotal moment in XPENG's expansion," the publication stated in its
remarks.
Fortune China is a business publication of global
renown, and its annual "Global 500" list is one of the most
prestigious benchmarks for corporations. Enlisting the same
methodology for its global counterpart, the "2024 Fortune China
500" ranking covers both public and private companies from the
Chinese mainland, Hong Kong, and Taiwan. XPENG's inclusion in the
"2024 Fortune China 500" underscores its forward-thinking approach
in AI applications and global expansion, setting a milestone for
the global smart automotive industry.
Founded 10 years ago, XPENG has long adhered to its
brand vision of being an "Explorer of Future Mobility" by
leveraging technology to transform how people travel. The company
has since made significant strides in AI applications and is poised
to lead the industry in the coming decade. XPENG's self-developed
Turing Chip, the world's first AI chip designed for AI-defined
vehicles, robots, and flying cars, has been successfully taped out,
and pre-orders have commenced for XPENG's AI-powered P7+ car. Over
the next decade, XPENG aims to become a global AI mobility leader
and develop an AI ecosystem based on five key pillars:
high-performance chips, AI models, AI-defined vehicles, robots, and
flying cars, where the first two will serve as foundations for the
latter three.
XPENG's investments in intelligent driving
technology over the past decade are bearing fruit. The company
believes it plays a critical role in the ongoing electric vehicle
revolution on a global scale. To date, XPENG has expanded its sales
to over 30 countries and regions. As part of its global strategy,
XPENG is now focused on scaling up its international operations,
with plans to enhance its global R&D and sales presence. In the
next ten years, XPENG aims for overseas markets to account for half
of its total sales, significantly expanding its global user
community.
XPENG's increasing recognition by prestigious
global business publications stands testament to its exceptional
innovation capabilities and global outlook. Looking ahead, XPENG
remains committed to its global market strategy and is
well-positioned to continue spearheading global development towards
an era of AI-defined mobility.
About XPENG
Founded in 2014, XPENG is a leading Chinese
AI-driven mobility company that designs, develops, manufactures,
and markets Smart EVs, catering to a growing base of tech-savvy
consumers. With the rapid advancement of AI, XPENG aspires to
become a global leader in AI mobility, with a mission to drive the
Smart EV revolution through cutting-edge technology, shaping the
future of mobility.
To enhance the customer experience, XPENG develops
its full-stack advanced driver-assistance system (ADAS) technology
and intelligent in-car operating system in-house, along with core
vehicle systems such as the powertrain and electrical/electronic
architecture (EEA). Headquartered in Guangzhou, China, XPENG also
operates key offices in Beijing, Shanghai, Silicon Valley, and
Amsterdam. Its Smart EVs are primarily manufactured at its
facilities in Zhaoqing and Guangzhou, Guangdong province.
XPENG is listed at the New York Stock Exchange
(NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
For more information, please visit
https://www.xpeng.com/.
Contacts:
For Media Enquiries:XPENG PR DepartmentEmail:
pr@xiaopeng.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/41f3a26a-a1ed-48bb-bd97-7b36311f0939https://www.globenewswire.com/NewsRoom/AttachmentNg/3111c8d9-9d2e-419b-aa68-51fb54ed7f8fhttps://www.globenewswire.com/NewsRoom/AttachmentNg/8f5503fe-9c37-46e2-a97b-e448ad9dbd02
Video accompanying this announcement is available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/32cbdaf4-f03c-4887-a5c0-f79d3448ce43
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