XPeng Inc. (“XPeng” or the “Organization”), a main Chinese smart electric vehicle organization, said today that its smart EVs have cumulatively led multiple times of over-the-air upgrades. XPeng has delivered cumulatively 23 FOTA (firmware over-the-air) updates for G3 and P7 users, with 134 new functions add and 2,326 functions optimized from Jan 2019 to May 2021. The aggregate number of OTA overhaul led has surpassed multiple times for a similar period.
Expanding on its fast technology iterations controlled by its full-stack in-house R&D capacities and hardware-software integration arrangements, XPeng can update not just its autonomous driving, navigation, gadgets and infotainment systems yet additionally chassis, powertrain and battery management system through firmware OTA upgrades.
The Company delivered the XPILOT 3.0 to customers by means of FOTA update in January 2021 and began to perceive revenues from XPILOT software, without precedent for its set of experiences. The Company expects XPILOT’s software monetization will turn into a repetitive income model. XPeng is the lone Chinese automaker that has had the option to charge full-stack self-created autonomous driving software independently.
Since mass deliveries of the P7 started in June 2020, the Company has conveyed over 23,000 P7s as of March 31st, and on a combined premise the join pace of XPILOT 3.0 among the qualified P7s has surpassed 20% as of March 31. Such connect rate further expanded to around 25% in March 2021. The day by day penetration pace of XPeng’s intelligent voice assistant has surpassed 90% for 23 back to back months.