Electric vehicles

How XPENG Motors plans to disrupt China's EV industry

The five-year-old startup is on a mission to transform the electric vehicle industry by focusing on innovative technologies to produce AI-empowered smart cars.

Hop out of your electric car and click a button on your smart key. Instead of struggling to manoeuvre your car into a tiny space, you sit back, relax and watch your empty car effortlessly move into a parking slot all of its own accord.

Such a scenario is no longer science fiction partially automated electric vehicles became a reality a few years back. They are largely for the wealthy as they can each cost at least $80,000 and, sometimes, double that or more sums that are not easily affordable for most people.

However, in the eyes of He Xiaopeng, the electric vehicle EV market should encompass...

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