Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. According to CTOnews.com news on October 12, he Xiaopeng, chairman of Xiaopeng Motor, posted on Weibo that he visited the Wolfsburg headquarters of Volkswagen Group at the end of September.

"in the past few months, our jointly developed models have accelerated, and the technical teams of both sides, like an entrepreneurial team, are fully committed and moving forward at full speed for a common goal," he said. "the strategic cooperation in the supply chain will bring us the potential to reduce costs together."

On July 26 this year, Volkswagen announced that it would inject about $700 million into Xiaopeng (CTOnews.com Note: currently about 5.11 billion yuan) and hold a 4.99% stake in the company. When the deal is completed, Volkswagen will be given an observer seat on Xiaopeng's board of directors.

In the early stages of the cooperation, the two sides plan to jointly develop two Volkswagen brand electric models for China's medium-sized car market, and plan to enter the market in 2026.

Talking about the cooperation model between the two sides, Xiaopeng said that Volkswagen based on Xiaopeng G9 platform, hardware to software, to create two B-level SUV. Xiaopeng provides the platform and technology, Volkswagen does engineering R & D, design and manufacturing.

"very few Chinese car factories have full stack self-research companies. We are one of them, so we can cooperate with Volkswagen. This is a recognition of our very high technology. In the past, the market did not value our technology too much. We always thought our technology was of high value." Xiaopeng said that the realization of technology has always been the direction that Xiaopeng wants to achieve, and this time it has landed on the ground. In 2024, it began to enter the era of technical service income, which is an important inflection point for the company's technological realization, and the reference of technical service income to Xiaopeng's valuation has also changed greatly.

"We do technology and platforms. Our investment is relatively light assets, and they are all things that have been mass-produced. This piece of software is also easier to copy, so it is high gross margin." Xiaopeng said, but the exact pricing of hardware and software, Xiaopeng declined to disclose on the grounds of confidentiality agreement.

In addition to the planned new models, Xiaopeng also said that Xiaopeng will also launch "updated versions of current models" next year. "We expect these new models to bring more favorable gross margins. This will also help to improve our profitability and product portfolio."

Related readings:

Xiaopeng Automobile: will jointly develop two B-class pure electric models with Volkswagen, and explore cooperation in supply chain and other fields.

"Volkswagen has increased its investment of US $700 million to Xiaopeng Motor to jointly develop electric vehicles for the Chinese market."

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