He Xiaopeng Confident to launch fully autonomous driving cars in the 150,000 yuan price range

He Xiaopeng confident in launching fully autonomous cars at 150,000 yuan

【Phoneauto News】Recently, Phoneauto noticed that during the Q2 2023 earnings conference call, He Xiaopeng, the chairman of Xiaopeng Motors, stated, “Two years ago, I mentioned a viewpoint that no car company could launch a competitive fully autonomous driving car at the 150,000 yuan level due to cost reasons. But with our relentless pursuit of technological innovation and cost reduction across the entire process, my viewpoint has changed now because I can clearly see a feasible path and timeline. This gives us great confidence that we have the capability to launch a fully autonomous driving car even at the mainstream 150,000 yuan level, which will significantly promote the popularization of intelligentization.”

Not long ago, Xiaopeng Motors released its financial data for Q2 2023. The data shows that in Q2 2023, Xiaopeng Motors’ total revenue was 5.06 billion yuan (approximately 700 million US dollars), a year-on-year decrease of 32% and a quarter-on-quarter increase of 25.5%; the net loss was 2.8 billion yuan (approximately 390 million US dollars). Compared with Q2 2022 and Q1 2023, Xiaopeng Motors’ net loss has expanded. Meanwhile, in Q2, Xiaopeng Motors’ revenue from car sales business was 4.42 billion yuan, a 36.2% decrease compared to Q2 2022, and revenue from services and other businesses was 640 million yuan.

Currently, intelligent driving capability is one of Xiaopeng Motors’ advantages. Not long ago, the Xiaopeng G6 was officially launched and achieved good market performance. According to statistics from automotive bloggers, the best-selling models of the Xiaopeng G6 are the Max version followed by the Pro version. At the same time, the proportion of female customers across all age groups at Xiaopeng Motors has increased, and their interest in intelligent driving is significantly higher than that of males.

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