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He Xiaopeng: XPENG-W to Skip L3-lv. Autonomous Driving, Directly Deploy L4 Mass Production; Annual R&D Investment Expected to Be >RMB4.5B
He Xiaopeng, Chairman of XPENG-W (09868.HK), revealed that the Company will bypass L3-level autonomous driving, and launch a mass-produced model with L4 capabilities in 2026.The de...
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He Xiaopeng: XPENG-W to Skip L3-lv. Autonomous Driving, Directly Deploy L4 Mass Production; Annual R&D Investment Expected to Be >RMB4.5B
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He Xiaopeng, Chairman of XPENG-W (09868.HK)  -0.800 (-1.013%)    Short selling $182.97M; Ratio 37.508%   , revealed that the Company will bypass L3-level autonomous driving, and launch a mass-produced model with L4 capabilities in 2026.

The definition of legal responsibilities for L3 is complex, with limited user value, He added. Hence, XPENG-W has chosen to focus resources on developing a L4 solution that does not rely on high definition maps.

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The Company also plans to complete the upgrade of high definition maps in major cities across China within the year to provide real-time data support for vehicles.

Simultaneously, the Company is expanding its intelligent team to over 3,500 people, with annual R&D investment expected to be no less than RMB4.5 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-16 12:25.)

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