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Shanghai: XPENG, a Chinese high-technology car company, has secured places on both the “Fortune Tech 50” and “Fortune China 500” lists, reaffirming its competitive advantage and status as a leader in technological innovation.
According to BERNAMA News Agency, the placings were announced during the Fortune China “Tech 50 Innovation Night” and “2024 Fortune China 500 Summit” on Oct 16 and 17, respectively, in Shanghai. “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, attributed to its pioneering artificial intelligence (AI)-defined mobility technology, autonomous driving breakthroughs, and industry-leading AI model applications. Fortune China praised XPENG for its edge in smart driving technology, following the announcements of the mass production of its e
nd-to-end AI model in May, and, in July, a strategic partnership with Volkswagen to co-develop electronic and electrical architecture technology.
Meanwhile, 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 this list underscores its forward-thinking approach in AI applications and global expansion, setting a milestone for the global smart automotive industry.
The company’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, namely high-performance chips, AI models, AI-defined vehicles, robots, and flying cars, where the first two will serve as foundations for the latter three
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Its investments in intelligent driving technology over the past decade are bearing fruit, with XPENG playing a critical role in the ongoing electric vehicle revolution on a global scale. Currently, it has expanded its sales to over 30 countries and regions, and aims for overseas markets to account for half of its total sales, significantly expanding its global user community. 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.
