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He Xiaopeng: XPENG Plans to Raise Physical AI R&D Investment to RMB7B This Yr; Turing Chip's 2026 Target Shipment ~1M Units
He Xiaopeng, Chairman and CEO of XPENG-W (09868.HK), said at the earnings conference that, last year, the Company's AI-related R&D investment amounted to RMB4.5 billion. Th...
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He Xiaopeng: XPENG Plans to Raise Physical AI R&D Investment to RMB7B This Yr; Turing Chip's 2026 Target Shipment ~1M Units
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He Xiaopeng, Chairman and CEO of XPENG-W (09868.HK)  -0.500 (-0.733%)    Short selling $263.64M; Ratio 56.914%   , said at the earnings conference that, last year, the Company's AI-related R&D investment amounted to RMB4.5 billion. The Company has established a full-stack self-developed technology system for physical AI, covering chips, foundation models and AI Infra.

Thanks to this technology system, the physical AI technology will accelerate significantly starting this year, marking the beginning of mass production application for physical AI agents, with the sector poised to enter a steep growth curve.

The Company will continue to increase AI-related R&D investment, with 2026 physical AI-related R&D investment expected to rise to RMB7 billion, He revealed.

Since mass production began in 3Q25, the total shipment of Turing chips has exceeded 200,000 units, He added.

Starting from 2Q26, all models, including the Max version, will switch to the self-developed Turing chips entirely, with the annual shipment target approaching 1 million units, aiming to become the top player in mainland China for big computing power on-device AI chip shipments.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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