XPeng Inc. held its fifth annual Tech Day 2023 event in Guangzhou, China today, showcasing some of its latest milestones across a plethora of EV adjacent technologies. The keynote included full-autonomous driving, an AI-powered driving feature that will learn specific routes and take over for drivers, new software, an EV with an aircraft in the back, and even a new humanoid robot.
As promised, we tuned into XPeng’s 2023 Tech Day event live from China this morning, offering you the following recap before the english broadcast goes live later. We always look forward to XPeng’s 1024 Tech Day, because it’s usually when the Chinese electric mobility company showcases its newest technology, and it’s usually some pretty exciting stuff.
Last year’s event included the debut of 480 kW superchargers, an overhaul of its XPILOT ADAS, and even a robotic pony prototype designed to entertain children. Not to mention an EV/eVTOL crossover that can actually drive, park, engage propellers, and take to the sky.
XPeng ($XPEV) began teasing today’s event on social media last week, relaying that the public could expect updates pertaining to the company’s autonomous driving and ADAS capabilities, as well as advancements in robotics. A new technology teased in the banners for Tech Day 2023 however, was AI.
Following today’s presentation, we did in fact get updates to all of the technologies above and then some. As for the AI – XPeng has introduced a new ADAS feature that includes an AI valet driver to chauffeur passengers around. Lest we not forget the debut of the X9 MPV as well (seen below).
X9 first look, XPeng’s Tesla Bot competitor, and more
Since you’re already looking at the incoming X9, we will start there. XPeng teased a camo’d version of its first multi-purpose vehicle (MPV) back in early September after first announcing its nomenclature back in May.
The X9 arrives as XPeng Motors’ sixth EV model, joining the lineup this quarter behind the G6 crossover which has found early success. The Chinese automaker previously shared that it remained conscious as to how younger consumers might relate to an MPV when it designed the seven seat X9.
XPeng says the X9 will arrives as the world’s only MPV equipped with rear-wheel steering as a standard configuration, sitting atop the automaker’s 800V silicon-carbon (SiC) SEPA 2.0 platform. The MPV also features integrated front and rear aluminum body die-casting technology, and XNGP.
Speaking of XNGP, XPeng shared some encouraging progress during Tech Day 2023. Already available in five Chinese cities, this autonomous ADAS feature is currently undergoing testing to expand its availability for more urban roadways, and doing so quickly.
XPeng says it will roll out XNGP to 20 additional cities via OTA update by the end of November and intends to bolster that number to 50 before year’s end. Here’s a screen shot followed by video footage of XNGP autonomously navigating congested city streets in Southwestern China at night.
Last week, we were trying to surmise what sort of AI would debut during XPeng’s Tech Day 2023, and we now have out answer. Today, the company introduced AI Valet Driver – a new ADAS feature that learns and saves specific routes after the EV owner manually drives it once. The system can then take over and drive that same route for you autonomously going forward – specifically in city driving scenarios.
To finally achieve full-scenario ADAS, XPeng also introduced a slew of new architecture technologies. Per the company release:
XPeng’s prowess lies in its continuous leadership in research and development capabilities. At the Tech Day, the Company also presented its ultimate architecture for full-scenario ADAS – Xbrain, which is supported by XNet2.0, the next-gen perception architecture with spatial understanding, and XPlanner, the neural network-based planning and control system, to enable more human-like learning, thinking and actions.
Additionally, XPeng introduced a new smart cabin operating system called XOS Tianji, which “advances the human-machine co-driving experience,” integrating its large scale XGPT AI model into future EVs to deliver faster and more concise responses to driver and passenger voice commands. The XOS Tianji smart cabin system will debut on the aforementioned X9, which will be showcased further during Auto Guangzhou next month.
XPeng Tech Day 2023 features plenty of AI and a flying car
As promised, there was no shortage of AI news during XPeng’s 2023 Tech Day. In addition to Valet Driver and XGPT, the technology company introduced further innovations in another interesting segment – robotics.
During last year’s event, we saw a four-legged robot pony friend designed for children, followed by a more advanced “unicorn” robot. XPeng has gone bipedal this year, introducing its own humanoid bot called the PX5, developed in-house. This all-terrain, obstacle crossing bot can currently complete straight-leg and large-stride walking and has a dual-finger gripping force of 1 kg. Each arm can carry a maximum load of 3kg and XPeng is touting repeated positioning accuracy of 0.05 mm.
During the Tech Day presentation, XPeng shared images of the PX5 in multiple scenarios, including assisting in factories and welcoming guests at EV showrooms.
Last but not least, XPeng Inc.’s eVTOL affiliate AeroHT continues to make progress in genuine flying cars. Last year was pretty exciting, as we got to see AeroHT’s sixth-generation flying car. Not to be outdone, XPeng introduced two new flying car/eVTOL developments during Tech Day 2023.
The first is a sharper version of last year’s model that took flight – it’s a passenger EV that can deploy a foldable flight system from its roof and take off vertically – a true “flying car.” Check it out below.
In addition to the two-in-one model, XPeng has also introduced a rugged Cybertruck-esque EV with 6×6 all-wheel drive that houses a separate eVTOL aircraft in its rear. An extended range hybrid system can even recharge the aircraft while driving, giving owners the ability to cruise to elevation, park, and unload the EV’s “human-piloted air module.”
Complete with room for two and 270-degree spacial views, XPeng states this new eVTOL offers distributed, all-electric propulsion that meets all single-point safety requirements. You gotta check this one out.
That’s all from us, but there’s even more to unfold if you watch the entire keynote from China earlier today. The english translated broadcast should be live this tomorrow morning and available to view here.
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President-elect Donald Trump reacts during a MAGA victory rally at Capital One Arena in Washington, DC, on January 19, 2025, one day ahead of his inauguration ceremony.
Jim Watson | Afp | Getty Images
President-elect Donald Trump will declare a national energy emergency after his inauguration on Monday to reduce energy costs, an incoming White House official told reporters.
The national energy emergency “will unlock unlock a variety of different authorities” to produce more natural resources, the official said, without providing specifics on which authorities Trump will use.
“The national energy emergency is crucial because we are in an AI race with China, and our ability to produce domestic American energy is so crucial such that we can generate the electricity and power that’s needed to stay at the global forefront of technology,” the official told reporters.
Trump is also set to sign an executive order specifically to unleash energy production Alaska, the official said, without providing specifics.
“Alaska is so key for our national security, given its geostrategic location, and it’s a crucial place from which we could export LNG not only to other parts of the United States, but to our friends and allies in the Asia Pacific region,” the official said.
The U.S. has been the largest producer of crude oil in the world for years, outpacing Saudi Arabia and Russia. The CEOs of Exxon and Chevron have said oil and gas production levels are based on market conditions and are unlikely to increase significantly in response to who is in the White House.
“There’s still some upside,” Chevron CEO Mike Wirth told CNBC’s Brian Sullivan in a Jan. 8 interview. “But probably not growth at the rate that we’ve seen over the last number of years as particularly some of these new shale plays begin to mature,” Wirth said.
Exxon CEO Darren Woods told CNBC that U.S. shale production has not faced “external restrictions” under the Biden administration.
“Certainly we wouldn’t see a change based on a political change but more on an economic environment,” Woods said in a Nov. 1 interview prior to Trump’s election victory. “I don’t think there’s anybody out there that’s developing a business strategy to respond to a political agenda,” he said.
This is a developing story. Please check back for updates.
As electric trail bikes like Sur Rons and Talarias gain popularity among off-road enthusiasts, a growing conflict is emerging on mountain bike trails. These powerful machines, capable of speeds and torque far beyond that of a traditional mountain bike, are raising concerns among trail users, land managers, and environmental advocates.
First though, some semantical housekeeping. The term “e-bike” is often used to cast a pretty wide net, encompassing everything from cute little folder e-bikes to much more powerful electric motorbikes. Similar to the way motorcycle riders often talk about their “bikes”, the term “e-bike” in colloquial discussion is just that: colloquial.
The term “electric bicycle”, on the other hand, is an actual regulatory designation that lets most electric mountain bikes and other commuter-style e-bikes fit under the legal definition of bicycles. To oversimplify it, the e-bike that looks like a typical mountain bike is an electric bicycle. The one that looks like a motorcycle or dirt bike is probably not an electric bicycle.
That’s an important distinction because it’s becoming a major issue on mountain bike trails all over North America and in many other parts of the world.
Unlike a typical 50 lb electric mountain bike that can output an amount of power roughly in line with a healthy adult, electric motorbikes like those from Sur Ron, Talaria, and other brands can weigh 2-3x as much while outputting 5-10x the amount of power as a typical electric mountain bike. They’re a blast to ride, but like many things in life, there’s a time and a place. Their proliferation of Sur Ron-style electric motorbikes has been wreaking havoc on mountain bike trails where such bikes are almost always illegal.
Mountain bike trails are carefully designed to handle the wear and tear of typical mountain bikes. Normal electric mountain bikes, which have electric motor power levels similar to human pedaling power, typically mesh fairly well with mountain bike trails.
However, the high torque and weight of bikes like Sur Rons and Talarias can wreak havoc on these trails. Such power motorbikes are often responsible for increased erosion, deeper ruts, and widening of trails in areas where these bikes are being used. It’s often not just a matter of normal trail wear, but rather damage that can take significant time and resources to repair.
Trail widening, often caused by riders veering off designated paths, also leads to environmental degradation, harming vegetation and wildlife habitats.
Mountain bike trails are often designated for non-motorized use, and electric trail bikes with such high-power motors and large tires are almost never allowed. Some mountain bike parks have begun accepting Class 1, 2, and/or 3 e-bikes, but Sur Rons and Talarias are almost always prohibited due to their much higher performance. Their power and speed far exceed what’s allowed for e-bikes under most regulations, putting them squarely in the category of motorized vehicles like dirt bikes and ATVs.
Weight also plays a major role. The risk of serious injuries is also higher due to the mass and momentum of these larger machines. With top speeds often exceeding 40 mph (64 km/h), electric motorbikes are significantly faster than traditional electric bicycles or pedal bikes. This speed disparity creates hazardous conditions for slower-moving trail users.
When combined with the fact that many riders of powerful electric motorbikes are new to the sport after buying or being gifted a Sur Ron-style bike, that high speed can be even more dangerous in the hands of a novice rider.
Just last week, two riders on Talarias were kicked out of Quiet Waters Park Mountain Bike Trails in South Florida, a volunteer-maintained mountain bike trail system that permits Class 1 electric bicycles (e-bikes that are pedal-assisted up to 20 mph or 32 km/h and 750W of power).
As a lead volunteer in the trail building and maintenance team at the park, Nick Calabro was there when the riders were confronted by a county worker and asked to leave. “Multiple riders reported interactions with them, from encountering them riding in the wrong direction to not wearing required helmets, and of course not even being allowed to ride those bikes on the trails,” Calabro explained to Electrek.
According to Calabro, the pair had purchased trail day passes for mountain bike riders, but then brought their much larger and more powerful Talaria motorbikes into the park.
The two were seen on video attempting to fight the trail volunteers after being asked to leave the park. The interaction took place just a few yards from a sign with the posted rules of the park (seen at 0:11 in the video below).
Such interactions represent a small but growing phenomenon on mountain bike trails, where traditional mountain bike culture and trail etiquette clash head-on with Sur Ron riders unfamiliar with the practices and terrain.
Fortunately, many other locations exist that are ideal for electric motorbikes that fall outside the realm of traditional electric mountain bikes.
Off-highway vehicle (OHV) trails that are designed for motorized vehicles like UTVs, ATVs, and dirt bikes, are ideal locations to ride powerful electric trail bikes. Such trails are built with higher power vehicles in mind, and aren’t as delicate as mountain bike trails.
Forestry/backcountry dirt roads, gravel roads, and fire roads can provide a mix of typical off-road riding and exploration, though don’t offer the same type of topography.
Motocross tracks are also excellent locations for Sur Ron and Talaria-style bikes, which can use the features for more thrilling jumps and berm riding.
Private land (with the landowner’s permission) is perhaps one of the best places for these powerful electric motorbikes due to their ability to overland and explore areas beyond the beaten path.
As the popularity of powerful electric trail bikes continues to rise, the question of how and where they should be ridden remains a contentious one. But with their ability to ride much rougher terrain as well as their increased impact on that terrain, one thing is for sure: delicate mountain bike trails aren’t the place for such powerful bikes.
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The Rio Tinto Group logo atop Central Park tower, which houses the company’s offices, in Perth, Australia, on Friday, Jan. 17, 2025.
Bloomberg | Bloomberg | Getty Images
The mining sector appears poised for a frantic year of dealmaking, following market speculation over a potential tie-up between industry giants Rio Tinto and Glencore.
It comes after Bloomberg News reported Thursday that British-Australian multinational Rio Tinto and Switzerland-based Glencore were in early-stage merger talks, although it was not clear whether the discussions were still live.
Separately, Reuters reported Friday that Glencore approached Rio Tinto late last year about the possibility of combining their businesses, citing a source familiar with the matter. The talks, which were said to be brief, were thought to be no longer active, the news agency reported.
Rio Tinto and Glencore both declined to comment when contacted by CNBC.
A prospective merger between Rio Tinto, the world’s second-largest miner, and Glencore, one of world’s largest coal companies, would rank as the mining industry’s largest-ever deal.
Combined, the two firms would have a market value of approximately $150 billion, leapfrogging longstanding industry leader BHP, which is worth about $127 billion.
Analysts were broadly skeptical about the merits of a Rio Tinto-Glencore merger, pointing to limited synergies, Rio Tinto’s complex dual structure and strategic divergences over coal and corporate culture as factors that pose a challenge for concluding a deal.
“I think everyone’s a bit surprised,” Maxime Kogge, equity analyst at Oddo BHF, told CNBC via telephone.
“Honestly, they have limited overlapping assets. It’s only copper where there is really some synergies and opportunity to add assets to make a bigger group,” Kogge said.
Global mining giants have been mulling the benefits of mega-mergers to shore up their position in the energy transition, particularly with demand for metals such as copper expected to skyrocket over the coming years.
A highly conductive metal, copper is projected to face shortages due to its use in powering electric vehicles, wind turbines, solar panels and energy storage systems, among other applications.
Oddo BHF’s Kogge said it is currently “really tricky” for large mining firms to bring new projects online, citing Rio Tinto’s long-delayed and controversial Resolution copper mine in the U.S. as one example.
“It’s a very promising copper project, it could be one of the largest in the world, but it is fraught with issues and somehow acquiring another company is a way to really accelerate the expansion into copper,” Kogge said.
“For me, a deal is not so attractive,” he added. “It goes against what all these groups have previously tried to do.”
Last year, BHP made a $49 billion bid for smaller rival Anglo American, a proposal which ultimately failed due to issues with the deal’s structure.
Some analysts, including those at JPMorgan, expect another unsolicited offer for Anglo American to materialize in 2025.
M&A parlor games
Analysts led by Dominic O’Kane at JPMorgan said the bank’s “high conviction view” that 2025 would be defined by mergers and acquisitions (M&A), particularly among U.K.-listed miners and global copper companies, was coming to fruition just two weeks into the year.
The Wall Street bank said its own analysis of the mining sector found that the current economic and risk management environment meant M&A was likely preferred to the building of organic projects.
Analysts at JPMorgan predicted the latest speculation would soon thrust Anglo American back into the spotlight, “specifically the merits and probability of another combination proposal from BHP.”
Prior to pursuing Anglo American, BHP completed an acquisition of OZ Minerals in 2023, bolstering its copper and nickel portfolio.
The company logo adorns the side of the BHP gobal headquarters in Melbourne on February 21, 2023. – The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to 6.46 billion US dollars in the six months to December 31. (Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)
William West | Afp | Getty Images
Analysts led by Ben Davis at RBC Capital Markets said it remains unclear whether talks between Rio Tinto and Glencore could result in a simple merger or require the breakup of certain parts of each company instead.
Regardless, they said the M&A parlor games that arose following merger talks between BHP and Anglo American will undoubtedly “start up again in earnest.”
“Despite Glencore once approaching Rio Tinto’s key shareholder Chinalco in July 2014 for a potential merger, it still comes as a surprise,” analysts at RBC Capital Markets said in a research note published Thursday.
BHP’s move to acquire Anglo American may have catalyzed talks between Rio Tinto and Glencore, the analysts said, with the former potentially looking to gain more copper exposure and the latter seeking an exit strategy for its large shareholders.
“We would not expect a straight merger to happen as we believe Rio shareholders would see it as favouring Glencore, but [it’s] possible there is a deal structure out there that could keep both sets of shareholders and management happy,” they added.
Copper, coal and culture
Analysts led by Wen Li at CreditSights said speculation over a Rio Tinto-Glencore merger raises questions about strategic alignment and corporate culture.
“Strategically, Rio Tinto might be interested in Glencore’s copper assets, aligning with its focus on sustainable, future-facing metals. Additionally, Glencore’s marketing business could offer synergies and expand Rio Tinto’s reach,” analysts at CreditSights said in a research note published Friday.
“However, Rio Tinto’s lack of interest in coal assets, due to recent divestments, suggests any merger would need careful structuring to avoid unwanted asset overlaps,” they added.
A mining truck carries a full load of coal at Glencore Plc operated Tweefontein coal mine on October 16, 2024 in Tweefontein, Mpumalanga Province, South Africa.
From a cultural perspective, analysts at CreditSights said Rio Tinto was known for its conservative approach and focus on stability, whereas Glencore had garnered a reputation for “constantly pushing the envelope in its operations.”
“This cultural divide might pose challenges in integration and decision-making if a merger were to proceed,” analysts at CreditSights said.
“If this materializes, it could have broader implications for mega deals in the metals [and] mining space, potentially putting BHP/Anglo American back in play,” they added.