Xpeng Motors increases R&D investment to promote AI technology development

In order to maintain and expand its leading edge in the field of autonomous driving, Xpeng Motors plans to invest 3.5 billion yuan in research and development in 2024 and recruit 4,000 new professionals. In addition, it will invest more than 700 million yuan in computing power training each year. Currently, Xpeng Motors has reserved 7,000 NVIDIA A100 graphics cards to support its research and development and training needs.