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.
The XPeng X9 MPV / Source: XPeng Motors
Room for five full-size bikes
Details of XPlanner powered by neural networks
XPeng CEO He Xiaopeng explains the automakers new ADAS strategy using 2K Pure Vision Sensors
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:
FTC: We use income earning auto affiliate links.More.
Logo of the Organization of the Petroleum Exporting Countries (OPEC)
Andrey Rudakov | Bloomberg | Getty Images
U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.
U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.
The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.
The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.
Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.
Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.
“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.
Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.
Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.
In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.
Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.
“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”
Advertisement – scroll for more content
Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.
“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”
The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.
The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”
Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.
Electrek’s Take
ComEd press conference at Chicago Drives Electric, 2024; by the author.
Bodo G-Wagon electric golf cart; via Mecum Auctions.
With a fully-enclosed, G-Wagen-inspired body and an 80 mile electric range, the Bodo G-Wagon golf cart is the NEV you need when you decide it’s time to get serous one-upping the rest of the Palm Beach country clubbers.
The shiny black 2024 Bodo G-Wagon sold at Mecum Auctions last month for $31,900, which seems like it might not be a lot of money to the sort of person who decides to take a flyer on a goofy, limited-use EV that ships with real, metal doors, power windows, heating and air conditioning, fully digital instrument cluster and infotainment, and a “posh,” caramel leather interior.
It even has windshield wipers, power steering, and a rear-seat entertainment system that’s built into the front headrests!
Advertisement – scroll for more content
It’s really nice in there
Under the hood, the Bodo packs a 15 kW (20 hp) electric motor drawing power from a 10 kWh li-ion battery that won’t deliver a scorching 0-60 mph time (it only goes 35), but will deliver you and your buddies from one end of any golf course in North America and back several times over, thanks to the G-Wagon’s 80 mile range.
The official Mecum Auctions listing goes into a bit more detail, and I’ve included it here, in case it gets deleted after a while and you’re just finding this for the first time in 2027:
Be the envy of any country club or golf community showing up with this 2024 Bodo G-Wagon Golf Cart. Perhaps more appropriately known as an E-Wagon, this baby G-Wagon is powered by a 15kW motor with a 10kWh lithium battery. Boasting an 80-mile range and a 35 MPH top speed, the Bodo is an enclosed, luxury golf cart that pampers occupants with heating and air conditioning, rear-seat entertainment, power windows, power locks and a posh, caramel-colored interior. With the Bodo fitted with power steering and 4-wheel power disc brakes with brake boost, drivers will think they’re in a full-size G-Wagon, thanks to the multiscreen entertainment cluster, the rearview camera, windshield wipers, turn signals, running lights and so much more.
Finished in black with the right amount of brightwork, the overall vibe is one of jaw-dropping, smile-inducing fun. While the Bodo would be an excellent choice for any golf community, it should also prove to be hugely popular around a race track or car condo community as well, or maybe even a neighborhood with its own airplane runways. Over the past decade in particular, the demand for unique, luxury golf carts has been on the rise, and understandably so. The number of luxury communities with specific interests in sports, aero and auto has also been on the rise, with people buying homes in these exclusive locations to better engage with like-minded people. All too often a golf cart is the perfect way to get around these gated neighborhoods, and this one is enclosed, comes with the amenities of a full-size car and is infinitely more stylish.
You can check out a few more photos of the 2024 Bodo G-Wagon golf cart that sold at Mecum, below – and if you want one for yourself, you’re in luck! I found this brand-new 2025 “G600 E-Wagon” (in white) for $23,900 at Gulf Carts in Santa Rosa Beach, Florida. Head on down to the comments and let us know if you buy it.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Best of all? Contractors won’t call you unless you give them your number. Get started here.
FTC: We use income earning auto affiliate links.More.