XPENG, a leading Chinese high-tech car manufacturer, has been named on both the "Fortune Tech 50" and "Fortune China 500" lists. The announcements were made during the "Tech 50 Innovation Night" and "2024 Fortune China 500 Summit" held in Shanghai on October 16 and 17. These accolades highlight XPENG's competitive edge and its role as a leader in technological innovation.
The "Fortune Tech 50" list showcases Chinese tech companies with a global impact, evaluating them on innovation, economic influence, and social contributions. XPENG was one of just two automotive companies included, recognized for its advancements in AI-defined mobility, autonomous driving technology, and industry-leading applications of AI.
Fortune China noted XPENG’s strength in smart driving technology, stating, "XPENG is a formidable competitor in the autonomous driving sector. Innovation is at the core of XPENG's strategy." The company recently announced the mass production of its end-to-end AI model, which is integrated into the AI-powered Tianji XOS system, described as the industry's first system to apply AI technology to both smart cockpit and ADAS (Advanced Driver-Assistance Systems). In July, XPENG also formed a strategic partnership with Volkswagen to co-develop electronic architecture technology, a pivotal move in its market expansion.
The "2024 Fortune China 500" list, renowned worldwide, ranks both public and private companies from mainland China, Hong Kong, and Taiwan. XPENG's inclusion underscores its innovative use of AI and its ambitions for global growth, marking a significant milestone for the smart automotive industry.
Founded a decade ago, XPENG aims to be an "Explorer of Future Mobility," using technology to transform travel. The company has made significant progress in AI applications, with plans to lead the industry over the next decade. Its self-developed Turing Chip, the world's first AI chip for vehicles, robots, and flying cars, has been successfully developed, and pre-orders for the AI-powered P7+ have begun. XPENG intends to build a robust AI ecosystem focusing on high-performance chips, AI models, AI-defined vehicles, robots, and flying cars.
XPENG's investments in intelligent driving technology are starting to pay off. The company is positioned to play a key role in the global electric vehicle revolution, having expanded its sales to over 30 countries and regions. XPENG aims to scale its international operations, with a target for overseas markets to account for half of its total sales in the next decade.
XPENG’s recognition by esteemed global publications reflects its exceptional innovation capabilities and global vision. Looking ahead, the company remains committed to its strategy for global market expansion and is poised to lead the way towards an era of AI-defined mobility.
