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XPeng Motors celebrated its annual Tech Day event in China earlier today, which was renamed “AI Day” for good reason. The topic of artificial intelligence dominated the Chinese mobility company’s incoming technologies, which were abundant. We got updates on a new in-house AI computing chip, a new Xpeng platform to support Level 4 autonomous robotaxis, flying cars, and eVTOLs, a new humanoid robot called “Iron,” complete with an existential launch video, and a surprising adoption of combustion-powered extenders that deliver up to 970 miles of additional range.

Today marked XPeng Motor’s sixth consecutive Tech Day event – something we look forward to each fall as it is sure to be filled with exciting updates and debuts from a mobility company that continues to expand and dabble in a little bit of everything, not just passenger EVs.

Last year, we saw the debut of XPeng’s X9 MPV, a humanoid robot called the PX5, and plenty of AI-centric software upgrades. Since then, we’ve seen the X9 officially launch in China along with a rollout of OTA updates to XPeng’s operating systems, including its XNGP ADAS.

This past April, during the Beijing Auto Show, XPeng gave the public a preview of some of the technologies explained further during today’s Tech Day event. That included AI-centric chips, Level 4 autonomous robotaxis plans, and a new neural network called “XNet.” We also saw some fresh updates, including a new humanoid robot, an eVTOL, and a new gas range extender that could deliver some of the farthest-driving vehicles in the world. Let’s dig in.

  • XPeng Tech Day
  • XPeng Tech Day
  • XPeng Tech Day

XPeng shares flying car update during Tech Day 2024

There’s a lot to unfold here, but we’ll start with a mainstay in XPeng news, flying cars through its air mobility entity, AeroHT. Today’s talks were led by the “Land Aircraft Carrier” – an eVTOL/vehicle combo that debuted last year.

As we previously reported, the revolutionary land and air vehicle is slotted for scaled production in 2026, and AeroHT recently broke ground on the facility in China that will build them. There is not much of an update here. Still, XPeng founder and chairman He Xiaopeng reiterated that the Land Air Carrier will showcase its first public flight demonstration later this month before pre-orders open in December.

In September, AeroHT founder and president Zhao Deli said the modular eVTOL/van combo would be priced at no more than RMB 2 million ($279,200).

In addition to its modular Land Air Carrier and eventual plans for a bonafide flying BEV with propellers on its roof, Xiaopeng shared that AeroHT is also developing a dedicated full tilt-rotor eVTOL featuring six seats and hybrid power. The aerial vessel will have a maximum range of 500+ km (311 miles) and reach a top speed of 360 km/h (224 mph).

These flying cars and eVTOLs will be powered by a new AI “Turing” chip developed in-house by XPeng.

XPeng Tech Day
Source: XPeng Motors/AeroHT

In-house AI chips and a new platform

XPeng renamed its Tech Day event “AI Day” this year for a reason. Artificial intelligence was at the forefront of most of He Xiaopeng’s conversations on stage, and the debut of the mobility company’s new Turing chip was also a part of the event.

The company showcased a new Turing AI Intelligent Driving System, powered by XPeng’s proprietary Turing AI chip, described as “a world-first chip designed for AI vehicles, robots, and flying cars.” The new chip features a 40-core processor and supports models with up to 30 billion parameters, delivering the power of three high-performance chips in one.

Xiaopeng explained that the Turin chip has already completed over 2,700 functional verifications in a mere 40 days and has achieved three times the industry standard for development efficiency during that time.

  • XPeng Tech Day

In addition to powering XPeng’s flying cars and humanoid robots (more on that below), Xiaopeng used the 2024 Tech Day event to unveil a new Canghai Platform that will enable full Level 4 autonomous driving. XPeng has already been promising fully autonomous robotaxis by 2025, and we now have a better idea of the technology that will support that, again, centered around its new Turing AI chip.

The company explained that the new platform would act as the previously teased neural network for XPeng’s new line of AI-centric vehicles, supporting driving (with or without a human in the driver’s seat) with enhanced safety features, 33x bandwidth, and 12x faster camera image processing, thus creating “a foundation for full-scenario AI-enabled driving experiences.”

The “Hawkeye” pure vision ADAS system can see the world around it at 720 degrees without blind spots. Per XPeng during Tech Day:

XPeng’s Turing AI system marks a pivotal step toward L4 autonomy, with continual model updates from cloud-based models, ensuring a highly responsive, ever-evolving smart driving experience.

In addition to autonomous robotaxis, XPeng’s Turing AI chip will power a new humanoid robot called “Iron” which made its official debut at Tech Day.

XPeng introduces a new humanoid robot called “Iron”

One of the stars of today’s event was Iron, a serious upgrade to the robots XPeng has debuted at Tech Days in the past. With today’s debut, XPeng becomes the latest tech company developing and implementing impressive robot technology that could one day take over full assembly of its vehicles.

Per XPeng, the Turing AI chip enables the Iron bots to think and remember like humans (spooky) and also enables its hands and feet to move autonomously. The robot’s hands also use a 1:1 human hand size, with 15 degrees of freedom.

The debut included an interesting video in which Iron steps into a room and admires famous sculptures like Rodin’s “The Thinker” and “Discobolus” by Myron. Iron even copies the Discobolus pose, as seen in XPeng’s video below:

XPeng’s Tech Day event includes a new gas range extender

Perhaps the biggest surprise from XPeng’s 2024 Tech Day was the news that it is shifting its business strategy from all-BEV to include some combustion with a new gas-powered range extender.

On the stage in Guangzhou earlier today, He Xiaopeng unveiled XPeng’s Kunpeng Super Electric System. Xiaopeng says this next-generation solution “brings together XPeng’s advancements in latest AI-defined mobility innovations to deliver an unparalleled charging and range experience.”

XPeng Tech Day

The system consists of an 800V platform powered by XPeng’s battery technology, which supports 5C fast charging and can charge from 10% to 80% in 12 minutes. New to the party is a hybrid silicon carbide coaxial electric drive, which, according to XPeng, will offer industry-leading efficiency and reliability. The range extender is also extra quiet, outputting noise levels as low as 1 dB.

The automaker has also once again integrated AI into the power optimization system, which enables a seamless transition between pure electric and range-extended driving modes. As you can see from the Tech Day image above, XPeng’s new system offers 430 km (267 miles) of all-electric range and a combined range of over 1,400 km (870 miles).

That’s a lot to take in, but it’s all for now. Check back with Electrek soon as we await the official launch of XPeng’s next BEV model, the P7+. In the meantime, you can watch the full 2024 Tech Day presentation on XPeng’s Weibo page.

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Isuzu’s first electric pickup is here and it’s a beast: Meet the new D-MAX EV

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Isuzu's first electric pickup is here and it's a beast: Meet the new D-MAX EV

A fully electric Isuzu pickup truck? That’s right. The D-MAX EV is Isuzu’s first electric pickup, and it will be rolling in the next few months. After kicking off mass production, Isuzu said the new EV pickup will “match the performance of existing diesel models,” boasting high towing capacity and payload.

Isuzu’s first electric pickup is launching in 2025

Isuzu announced on Tuesday that the D-MAX EV has officially entered mass production. The company has started building left-hand drive models, which will be shipped to Europe in the third quarter of 2025.

By the end of the year, production of right-hand drive models will begin for the UK, with sales expected to start in 2026.

The electric pickup is nearly identical to Isuzu’s popular gas-powered D-MAX, but swaps the diesel powertrain for a pair of electric motors. The D-MAX EV features new e-Axles, one on the front and the other at the rear, for a full-time 4WD system.

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The dual-motor powertrain enables it to match the performance of existing diesel models, with a combined 188 hp (140 kW) and a maximum torque of 240 lb-ft (325 Nm).

It can also tow over 7,700 lbs (3,500 kg) with a maximum payload of over 2,200 lbs (1,010 kg). That’s about the same as the D-MAX diesel, which has a 3,500 kg towing capacity and a payload capacity of up to 1,200 kg.

Powered by a 66.9 kWh battery, Isuzu’s first electric pickup boasts a driving range of up to 263 km (162 miles) on the WLTP. In the city, it can have a driving range of up to 224 miles (361 km).

Isuzu D-Max EV specs
Drive System Full-time 4×4
Battery Type Lithium-ion
Battery Capacity 66.9 kWh
Max Output 130 kW (174 hp)
Max Torque 325 Nm
Max Speed Over 130 km/h (+80 mph)
Max Payload 1,000 kg (+2,200 lbs)
Max Towing Capacity 3.5t (+7,700 lbs)
Isuzu D-Max EV electric pickup specs

Built for on and off-road performance, the rugged electric pickup features over 8″ (210 mm) of ground clearance with a wading depth of nearly 24″ (600 mm).

Although prices have not been announced, the D-MAX EV is expected to start slightly higher than the diesel model, which has a base price of around € 36,500 ($41,600).

Isuzu’s popular D-MAX is sold in over 100 countries, including Europe, Asia, the Middle East, and Central and South America. The electric version will arrive in Europe in the next few months, followed by the UK and other regions in 2026.

The electric D-MAX will compete with the Toyota Hilux, Ford Ranger, and other electric pickups, such as Geely’s Radar R6, BYD’s Shark, and Ford’s F-150 Lightning.

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Tesla insider buys stock for the first time in years and it’s hilarious

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Tesla insider buys stock for the first time in years and it's hilarious

For the first time in five years, a Tesla insider required to report Tesla stock transactions bought stocks rather than selling them.

But the transaction is so small that it makes the whole situation hilarious.

Insiders in public companies are top executives and board members who are required to report to the SEC any transaction related to the company’s stock.

For Tesla, it has become a running joke that insiders only sell, never buy the stock.

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This has been true without exception for years.

We don’t know as much about executives as Tesla has a very short top executive bench who are required to file transactions. However, when it comes to its board members, they have been selling at an impressive rate.

We recently reported on Kimball Musk, Elon’s brother, and Tesla’s Chief Financial Officer Taneja Vaibhav recently selling ahead of a recent drop in the company’s stock price.

Tesla’s chairwoman, Robyn Denholm, also sold $33 million worth of Tesla shares in February and over $100 million in the 3 months prior.

However, we now have confirmation that a Tesla board member is buying, rather than selling.

Joe Gebbia, the Airbnb co-founder who joined Tesla’s board in 2022, confirmed that he bought 4,000 shares in Tesla last week worth about $1 million:

Electrek’s Take

Gebbia is estimated to be worth over $7 billion. Therefore, his purchase of $1 million worth of Tesla stock would be equivalent to my buying a fractional share in Tesla.

Furthermore, the disclosure confirmed that despite being on the board for the last 3 years, Gebbia owned only 111 shares in Tesla before the transaction.

That’s quite the show of confidence in Tesla.

Thie whole situation with the board is disappointing. Tesla’s core business is melting. The company reported its worst quarter in years last week, and the stock surged 20%.

None of it makes any sense.

The board is sitting on its hands while the most powerful force accelerating the advent of electric transport is being destroyed in favor of nonsensical predictions about the potential of solving self-driving and humanoid robots.

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Venmo revenue grows 20%, with debit card payment volume soaring

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Venmo revenue grows 20%, with debit card payment volume soaring

Justin Sullivan | Getty Images

Venmo, long a centerpiece of PayPal‘s growth story but often criticized for its lack of monetization, is becoming a bigger contributor to the business.

PayPal said Tuesday in its first-quarter earnings release that revenue at Venmo increased 20% year-over-year in the first quarter, though the company didn’t provide a dollar figure. PayPal acquired Venmo in 2013 through the acquisition of parent company Braintree.

While it’s long been a popular consumer service for sending money to friends, Venmo’s ability to drive meaningful revenue has been a major question mark for investors, especially as competition from rivals like Zelle and Square Cash has intensified.

Venmo’s total payment volume rose 10% from a year earlier, but revenue grew twice as fast, reflecting the business opportunity. Venmo only gets revenue from specific products like Pay with Venmo at online checkout, Venmo debit cards, and instant transfers, but not from peer-to-peer payments.

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Ahead of the earnings report, Jefferies analysts noted that Venmo revenue growth appeared to be “accelerating sharply” and flagged its rising contribution to branded checkout as a key area to watch. Compass Point analysts similarly said that while competition from Zelle and Square Cash remains fierce, Venmo’s traction with debit cards and online checkout could “open up new monetization avenues” if adoption trends continue.

The company added nearly 2 million first-time PayPal and Venmo debit card users during the quarter, and total debit card payment volume across PayPal and Venmo climbed more than 60%. Meanwhile, Pay with Venmo transaction volume surged 50% year over year, and Venmo debit card monthly active users grew about 40%.

PayPal reported better-than-expected earnings for the quarter but missed on revenue. The company reaffirmed its full-year guidance, citing macroeconomic uncertainty.

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PayPal CEO Alex Chriss: Huge opportunity to deliver to consumers and help small business

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