XPeng Motors kept things relatively short but sweet during its 20-minute presentation at the 2024 Beijing International Auto Show earlier today, but there’s a lot to get excited about following several updates from XPeng founder, chairman, and CEO He Xiaopeng, including an “entirely new breed” of EVs under a new sub-brand. Here’s the full recap.
Today’s presentation in front of a crowd in Beijing (you can view it in its entirety below) started off simply recapping much of the same news we reported on in 2024, some of it dating back to the Chinese automaker’s annual Tech Day in October 2023.
XPeng CEO He Xiaopeng spoke in front of an X9 multi-purpose vehicle (MPV), a growing segment of luxury minivans in China. Xiaopeng highlighted much of the early success of XPeng’s first MPV model, which is versatile in that it can be configured to seat seven passengers or four, with room to transport five bikes.
As a popular BEV model amongst Chinese celebrities and athletes, XPeng’s CEO used the X9 as the vessel to highlight some of the advanced technologies it has been working on, including expansions of its XNGP ADAS technology, including new AI Valet and bodyguard functions. The automaker’s founder and chairman spoke to these technologies and what they mean for the future of EVs:
We are proud to demonstrate XPeng’s technological innovation prowess, through which we are laying a pathway to greater inclusion and equality in smart mobility. The next decade will be a ‘golden decade’ of smart vehicles. The core of smart vehicle advances is how to operate with automative software adoption emerging as the new industry norm. Looking ahead, XPeng will roll out the on-road testing of AI-powered functions integrated into XPeng models.
To support XNGP and other ADAS functions, XPeng used the Beijing Auto Show to share plans to deploy what it calls the “industry’s first mass-produced 2K pure visual neural network large model in vehicles.” This news confirms previous rumors we reported that XPeng was abandoning LiDAR sensors in favor of pure vision, similar to Tesla FSD.
These upgrades to perception and planning/control models will utilize over two million high-definition grids to reconstruct worlds around XPeng BEVs, ensuring that any and all surrounding objects and obstacles are identified quickly and effectively. The new technology is further supported by neural-network-based planning models, which can learn, think, and perform actions like the human mind.
According to the Beijing press conference, such neural technologies enable XPeng to deliver more human-like, self-learning vehicles that will rely heavily on AI moving forward. That includes the automaker’s latest operating system, XOS 5.1.0, which delivers several new AI-powered features to debut in the X9 before reaching other eligible XPeng EVs on May 20, 2024.
Those updates include the previously mentioned AI Valet Driver, upgraded surround reality (SR) perception capabilities, ask expanded function and learning capabilities of the automaker’s in-car AI assistant. We recommend checking out the video below for a real-world view of this technology being demonstrated.
XPeng’s new sub-brand will be called MONA
Last month, we shared news that XPeng had plans for a new EV sub-brand that focused heavily on artificial intelligence, as mentioned above, and well beyond. During the recent China Electric Vehicle 100 Summit, XPeng Chairman and CEO He Xiaopeng vowed to invest RMB 3.5 billion (~$492M) in the automaker’s “AI-enabled smart driving” technology in 2024 for R&D and the hiring of 4,000 new employees.
Xiaopeng also said the next decade of EVs will be one of intelligence and smart driving technology. As such, the new brand was in the works to deliver AI-centric tech at an affordable price for all, targeting MSRPs around RMB 100,000-150,000 ($14,000-$21,000).
At the time, we reported the unnamed sub-brand would launch in China soon as XPeng promised it will “create a new breed of AI-powered Smart EVs for young customers worldwide.” Today in Beijing, XPeng confirmed the new sub-brand is called MONA, which stands for “Made Of New AI.”
The company’s CEO said MONA will officially be introduced this June, so stay tuned for more details on that.
Last but not least, XPeng shared updates in regard to its charging technology, low-altitude flying car arm AeroHT, and its recent cooperation agreement signed with Volkswagen Group. On the charging side of things, XPeng says it is planning to upgrade its 800 kW DC fast chargers in Q3 2024, enabling what could potentially be the best charge speeds in the industry.
The automaker says the upgrades to the facilities will enable XPeng EVs to add more than 1 km (.62 miles) per second. AeroHT’s flying car was on display next to other XPeng EVs in Beijing after turning plenty of heads at CES in January. The eVTOL arm’s other vehicle, the modular flying car, is still seeking airworthiness certification and is expected to begin pre-sales in China in Q4 2024.
That’s all for now. As promised, here is the full XPeng press conference from the Beijing Auto Show, translated to English:
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National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrekreported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
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Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
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Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
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