China’s XPeng Plans to Offer Tech Solutions to Foreign Automakers: Sources
XPeng is widening technology licensing as services revenue nearly doubled in the second quarter, while management said higher-margin physical AI could boost growth.
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China's Xpeng plans to offer tech solutions to foreign automakers
The company plans to offer its electrical and electronic architecture, cockpit systems, Turing AI chips, and advanced-driver assistance software to other firms, the source said. Potential partners could also include foreign software developers and automobile suppliers.
The Chinese manufacturer of electric vehicles Xpeng plans to offer its technology to foreign assemblers besides the Volkswagen partner while looking for new sources of revenue, according to two people familiar with the subject. One of the sources said that Xpeng is in contact with some potential partners who have shown interest in its technology. The company plans to offer its electrical and electronic architecture, cockpit systems, AI Turing ch…
After partnering with Volkswagen to co-develop its range of electric cars in China, Xpeng would like to sell its technologies to other brands. A juicy market that could bring it big.
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