XPENG INC.

XPENG INC. is a Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs. The company primarily targets the large and growing base of middle-class consumers in China and is expanding its international presence, focusing on the mid- to high-end segment in the global passenger vehicle market. Since its inception in 2015, XPENG has become a leading Smart EV and NEV company in China, emphasizing software and hardware technology, advanced driver assistance, smart connectivity, and core vehicle systems. XPENG develops full-stack advanced driver assistance systems (ADAS) software in-house and has deployed this software on mass-produced vehicles. The company began rolling out its XNGP system in March 2023 and made XNGP available in cities without HD map coverage starting November 2023, which has swiftly expanded its geographical coverage in China. Consumers choose XPENG products for their attractive design, industry-leading electrification and smart technologies, interactive smart mobility experience, and long driving range. Since December 2018, XPENG has launched and continuously upgraded a series of strategically positioned vehicle models, building a rapidly expanding, diversified portfolio of Smart EV and NEV models.