China's Xpeng plans to offer tech solutions to foreign automakers
The company plans to offer its electrical and electronic architecture, cockpit systems, Turing AI chips, and advanced-driver assistance software to other firms, the source said. Potential partners could also include foreign software developers and automobile suppliers.
Chinese electric vehicle manufacturer Xpeng is exploring technology partnerships with foreign automakers and other firms beyond its current Volkswagen partnership, according to sources familiar with the matter. The EV maker intends to offer its electrical and electronic architecture, cockpit systems, AI chips, and advanced-driver assistance software to potential partners, which may include foreign software developers and automobile suppliers.
This move is part of Xpeng's strategy to diversify revenue streams as it ventures into various AI applications, including robotaxis, robotics, and flying cars. The company has recently established a strategic commercialization team to explore new partnerships and commercial opportunities, building on the success of its alliance with Volkswagen, which began in July 2023.
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