Xpeng plans to offer its technology to overseas automakers beyond its existing partnership with Volkswagen as it seeks new revenue streams, Reuters reported, citing two people familiar with the matter. One source said Xpeng has contacted potential partners that have shown interest in its technology.
The company plans to offer its electrical and electronic architecture, cockpit systems, Turing AI chips and advanced driver-assistance software. Potential customers could also include overseas software developers and automotive suppliers.
Xpeng also plans to expand its technology licensing and customization business into robotaxis, humanoid robots and other physical AI applications. The company’s partnership with Volkswagen began in 2023, when Volkswagen acquired a 4.99% stake in Xpeng for about $700 million. [Reuters]