
XPeng conference call: XPeng G6 and G9 orders exceed expectations, trained a cloud-based model with hundreds of billions of parameters

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XPeng announced during its earnings call that orders for the G6 and G9 exceeded expectations, and it plans to accelerate deliveries. Revenue in the fourth quarter of 2023 is expected to grow by 23.4% year-on-year, with gross margin increasing to 14.4%. XPeng also revealed that it has trained a cloud-based foundational model with hundreds of billions of parameters, using real driving data for pre-training to advance autonomous driving technology. He Xiaopeng emphasized that the next decade will be the era of AI, and large AI models will revolutionize the autonomous driving experience
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