XPeng Inc. (NYSE:XPEV) Q4 2023 Earnings Call Transcript

And we also see out there in the market, there are other people providing even cheaper solutions. And what we have discovered is that, with the large model OEMs, it definitely would be able to provide more computing power and more CPU and this would be able to help and push for the faster and better achievement in our vehicles and to bring the success faster to the market. And another point I would like to mention is that, in certain restricted scenarios or in certain scenarios whereby there are a lot of limitations and we can see that the large model has actually helped with the speeding up of realizing fully autonomous driving and this is something that we are focusing on and we have a lot of confidence in this. Apologies, I have one last point to add and which is that, in terms of the non HD map and we in the beginning and when we looked at this and we thought that, yes, it will speed up the process in a linear process.

However, it wasn’t linear, it was actually extremely fast in terms of how it has ramped up and we do believe that having this data in our hand and having witnessed the non HD map, how it’s working in reality and we do think that this is something will help again with the large model and its adoption and helping further advancing the ADAS and autonomous driving. Thank you.

Xinchi Yin: [Foreign Language]

Operator: Thank you. That is all the time we have for questions. Now I’d like to turn the call back over to the company for closing remarks.

Alex Xie: Thank you once again for joining us today. If you have further questions, please feel free to contact XPeng’s Investor Relations through the contact information provided on our website or the Piacente Financial Communications.

Operator: This concludes today’s conference call. You may now disconnect your line. Thank you.