He Xiaopeng: In the past, technology research and development accounted for over 10% of revenue, expected to convert into profits in the second half of this year to next year

XPeng (09868.HK) Chairman and CEO He Xiaopeng mentioned in an interview that this year is the final year for the company's organizational, product, and technological infrastructure. The globalization process will accelerate significantly from 2027 to 2028. In the past, the company's investment in technology research and development accounted for over 10% of its revenue, and it is expected that in the second half of this year and into next year, technology will begin to translate into commercial profits.

The company is about to launch its second-generation VLA assisted driving system. He Xiaopeng believes that significant changes will occur in China's autonomous driving market 3 to 6 months after the launch, which will create broader effects involving industries, technologies, users, and customers, with customers ultimately translating into commercial value. He anticipates that the company's sales will increase each quarter this year, with even higher sales expected in the third and fourth quarters