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XPENG Now on Fortune China's “Tech 50” and “China 500” Lists

  • XPENG ranked among the “Fortune Tech 50” and “Fortune China 500” lists for leading AI mobility innovation

SHANGHAI, China, Oct. 30, 2024 (GLOBE NEWSWIRE) —  XPENG, a leading Chinese high technology car company, is proud to announce that it has secured places on both the “Fortune Tech 50” and “Fortune China 500” lists. The placings were announced during the Fortune China “Tech 50 Innovation Night” and “2024 Fortune China 500 Summit” on October 16 and 17, hosted in Shanghai. XPENG is glad to receive these esteemed accolades that reaffirm its competitive advantage and status as a leader in technological innovation.

“Fortune Tech 50” is an inaugural list by Fortune China that spotlights Chinese tech companies making a global impact. Companies are judged based on technical innovation, as well as their global economic influence and positive social impact. XPENG was one of only two automotive companies to make the list, thanks to its pioneering AI–defined mobility technology, autonomous driving breakthroughs, and industry–leading AI model applications.

Fortune China praised XPENG for its edge in smart driving technology. “XPENG is a formidable competitor in the sector as the race for dominance in autonomous driving intensifies. Innovation fueled by technology is the foundation of XPENG's strategy – in May, XPENG announced the mass production of its end–to–end AI model. Rolled out to users through the AI–powered Tianji XOS system, XPENG calls the model 'the first system in the industry to apply AI technology to both smart cockpit and ADAS systems.' In July, XPENG entered a strategic partnership with Volkswagen to co–develop electronic and electrical architecture technology. The partnership leverages both companies' technological advantages to expand their market influences, a move seen as a pivotal moment in XPENG's expansion,” the publication stated in its remarks.

Fortune China is a business publication of global renown, and its annual “Global 500” list is one of the most prestigious benchmarks for corporations. Enlisting the same methodology for its global counterpart, the “2024 Fortune China 500” ranking covers both public and private companies from the Chinese mainland, Hong Kong, and Taiwan. XPENG's inclusion in the “2024 Fortune China 500” underscores its forward–thinking approach in AI applications and global expansion, setting a milestone for the global smart automotive industry.

Founded 10 years ago, XPENG has long adhered to its brand vision of being an “Explorer of Future Mobility” by leveraging technology to transform how people travel. The company has since made significant strides in AI applications and is poised to lead the industry in the coming decade. XPENG's self–developed Turing Chip, the world's first AI chip designed for AI–defined vehicles, robots, and flying cars, has been successfully taped out, and pre–orders have commenced for XPENG's AI–powered P7+ car. Over the next decade, XPENG aims to become a global AI mobility leader and develop an AI ecosystem based on five key pillars: high–performance chips, AI models, AI–defined vehicles, robots, and flying cars, where the first two will serve as foundations for the latter three.

XPENG's investments in intelligent driving technology over the past decade are bearing fruit. The company believes it plays a critical role in the ongoing electric vehicle revolution on a global scale. To date, XPENG has expanded its sales to over 30 countries and regions. As part of its global strategy, XPENG is now focused on scaling up its international operations, with plans to enhance its global R&D and sales presence. In the next ten years, XPENG aims for overseas markets to account for half of its total sales, significantly expanding its global user community.

XPENG's increasing recognition by prestigious global business publications stands testament to its exceptional innovation capabilities and global outlook. Looking ahead, XPENG remains committed to its global market strategy and is well–positioned to continue spearheading global development towards an era of AI–defined mobility.

About XPENG

Founded in 2014, XPENG is a leading Chinese AI–driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech–savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting–edge technology, shaping the future of mobility.

To enhance the customer experience, XPENG develops its full–stack advanced driver–assistance system (ADAS) technology and intelligent in–car operating system in–house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.

XPENG is listed at the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).

For more information, please visit https://www.xpeng.com/.

Contacts:

For Media Enquiries:
XPENG PR Department
Email: [email protected]

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/41f3a26a–a1ed–48bb–bd97–7b36311f0939
https://www.globenewswire.com/NewsRoom/AttachmentNg/3111c8d9–9d2e–419b–aa68–51fb54ed7f8f
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Video accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/32cbdaf4–f03c–4887–a5c0–f79d3448ce43


GLOBENEWSWIRE (Distribution ID 9264471)

XPENG to Unveil the Future of AI Mobility in Europe at Paris Motor Show 2024

PARIS, Sept. 19, 2024 (GLOBE NEWSWIRE) — XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese AI mobility company, is set to participate in the Paris Motor Show 2024 from October 14th to October 20th. Showcasing under the theme “Enchanté, Paris!”1, XPENG will present a range of new technologies and solutions on Booth 6A51 in Hall 6, highlighting its commitment to intelligent, sustainable mobility solutions tailored for the European market.

At the show, XPENG will unveil its latest advancements, including the next–generation smart in–car operating system, Tianji XOS 5.4 for the European market. This innovation showcases XPENG's roadmap to bring adaptive, AI–powered driving experiences to European roads. In addition, XPENG will also demonstrate its next–generation smart cockpit, featuring advanced personalized customization options for displays and frequent OTA update.

Visitors will gain insights into XPENG’s future plans, including a roadmap for expanded AI integration and the latest vehicle model incorporating these advancements.

XPENG's participation in the Paris Motor Show underscores its long–term plan to expand globally and become the leading company in AI–powered mobility. As part of this vision, XPENG will continue to leverage its AI expertise and technological innovations to redefine the future of AI mobility.

Brian Gu, Vice Chairman and President at XPENG, said: “The European automotive market is undergoing a transformation from electrification to smartification. At the Paris Motor Show, we are not only showcasing highlights from our vehicle portfolio, but also new solutions that we will be integrating in our car models. We are deeply committed to the European market and are excited about our ongoing efforts to expand our presence in the region.”

The XPENG press conference will be taking place on October 14th at XPENG’s booth in Hall 6 of Paris Expo Porte de Versailles. XPENG remains committed to pushing the boundaries of innovation and looks forward to further expanding its footprint in Europe with cutting–edge technology and AI–powered solutions.

About XPENG

Founded in 2014, XPENG a leading Chinese AI mobility company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology–savvy consumers. With the boom of AI technology, it aspires to become a global AI mobility company, with the mission to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in–house its full–stack advanced driver–assistance system technology and in–car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Contact:

For Media Enquiries:
PR Department
Email: [email protected]
Source: XPENG Motors

_________________________
1 “Enchanté, Paris!” is French for “Charmed, Paris!” or “Pleased to meet you, Paris!”


GLOBENEWSWIRE (Distribution ID 9233360)

Volt Mobility Enters into $210 Million Contract with Mullen Automotive to Purchase 3,000 Class 1 and Class 3 EV Cargo Vans and Trucks

Mullen to receive initial $3 million deposit and will begin shipping first vehicles immediately

Volt, a leading UAE–based commercial leasing company with clients including UPS, DHL and FedEx, to purchase 3,000 EV cargo vans and trucks over the next 16 months

BREA, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) — via IBN – Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that Volt Mobility (“Volt”), based in the United Arab Emirates (“UAE”), has entered into a purchase agreement for approximately $210 million to acquire 3,000 Class 1 and Class 3 EV cargo vans and trucks over a 16–month period. Mullen will receive an initial $3 million deposit within 60 days and additional payments as the vehicles are delivered. The Company will begin shipping the first vehicles immediately.

Mullen expects to recognize approximately $210 million in revenue over the next 16 months of the agreement. Volt intends to lease these vehicles to its corporate customers based in the Middle East and Gulf States. Current Volt clients include UPS, DHL and FedEx throughout the Gulf Cooperation Council (“GCC”) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).

Volt’s vehicle order will be assembled at Mullen’s Tunica, Mississippi–based Commercial Vehicle Facility, which is capable of producing 20,000 Class 1 and 6,000 Class 3 vehicles annually with two production shifts.

Founded in 2020, Volt quickly established itself as one of the largest and most influential commercial EV leasing companies in the region. Volt’s vehicle portfolio includes 17 models with focus on light, medium and heavy–duty electric vehicles. Volt leases vehicles to corporate customers providing first to last–mile delivery for fast moving goods and provides heavy duty trucks for shuttling service across the region, serving clients including large transport businesses under a long–term secured leasing model

The UAE has identified e–mobility as a priority policy area and is now seven years into an ambitious plan to decarbonize its infrastructure and energy production. The Emirate’s Clean Energy Strategy 2050 and Net Zero Carbon Emissions Strategy 2050 seek to generate 100% power from clean energy sources by 2050. Furthermore, Dubai's Roads and Transport Authority (“RTA”) has rolled out a long–term strategy to migrate towards net–zero emission public transport by 2050.

“At Volt, we don’t just follow trends; we set them. Our mission is clear: lead the transformation to sustainable, efficient and cutting–edge transportation,” said Sophia Nau, managing director and CFO for Volt Mobility.

“Volt is reshaping the way people and businesses move across the UAE and GCC,” said David Michery, CEO and chairman of Mullen Automotive. “This landmark agreement provides Mullen with exposure to leading global transportation companies and the opportunity for utilizing Mullen EVs across the UAE and other areas of the Middle East.”

Additional details, including the related agreement, can be found in the Company’s Form 8–K to be filed with the SEC.

Mullen’s commercial EV lineup includes the Mullen ONE Class 1 EV cargo van, the Mullen THREE Class 3 EV cab chassis truck, and the Bollinger B4 Class 4 and Bollinger B5 Class 5 EV cab chassis trucks from its subsidiary, Bollinger Motors. Mullen’s full lineup of commercial EVs is purpose–built to meet the demands of urban last–mile delivery; available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency and the California Air Resources Board (“CARB”) certifications, denoting strict adherence to clean air emissions standards. The Bollinger B4 begins Start of Production (“SOP”) on Sept. 16, 2024, with deliveries beginning in October 2024.

About Volt Mobility
We are unwavering in our commitment to sustainability, and we firmly believe in the potential of electric mobility to revolutionize industrial transportation. Our steadfast commitment aligns seamlessly with the transformative potential of electric mobility in the industrial sector. By leveraging the latest technologies, we strive to create a cleaner, more efficient and seamlessly connected transportation network tailored for industrial applications. Whether you operate in logistics, manufacturing or any industrial sector, Volt Industrial Mobility is your partner in driving positive change. Join us as we work towards a future where industrial electric vehicles play a pivotal role in creating environmentally conscious, high–performance and cost–effective transportation solutions.

To learn more about Volt, visit www.VoltMobility.group.

About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California–based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States–based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. Recently, CARB issued HVIP approval on the Mullen THREE, Class 3 EV truck, providing up to a $45,000 cash voucher at time of vehicle purchase. The Company has also recently expanded its commercial dealer network with the addition of Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Eco Auto, providing sales and service coverage in key Midwest, West Coast and Pacific Northwest and New England markets. The Company also recently announced Foreign Trade Zone (“FTZ”) status approval for its Tunica, Mississippi, commercial vehicle manufacturing center. FTZ approval provides a number of benefits, including deferment of duties owed and elimination of duties on exported vehicles.

To learn more about the Company, visit www.MullenUSA.com.

Forward–Looking Statements
Certain statements in this press release that are not historical facts are forward–looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward–looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward–looking statements. These forward–looking statements include, but are not limited to, statements about our plans, expectations and objectives with respect to the purchase agreement with Volt, the anticipated purchase and delivery of vehicles and expected revenue. All forward–looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward–looking statements, many of which are generally outside the control of Mullen and are difficult to predict. These forward–looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward–looking statements are subject to a number of risks and uncertainties, including but are not limited to, uncertainty that Volt will abide by its contractual obligations, including payment of the deposit and order of vehicles as expected, the timing and dates for receipt of payments pursuant to the agreement, successful certification of the vehicles in the GCC region,  delays in production and delivery of vehicles, unanticipated returns of vehicles, delayed commercial product launches and the achievement of operational milestones,  and changes in domestic and foreign business, market, financial, political and legal conditions that may affect incentives and the general market for EVs.. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward–looking statements can be found in the most recent annual report on Form 10–K, quarterly reports on Form 10–Q and current reports on Form 8–K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward–looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward–looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613–1900
www.MullenUSA.com

Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

Attachments


GLOBENEWSWIRE (Distribution ID 9220336)

XPENG Rolls Out XOS 5.2 OTA, Enhancing Global User Experience

  • XPENG launches its first major synchronized global OTA upgrade for eligible users across Europe, the Middle East, Southeast Asia, and other markets
  • During the 28–day beta, global users engaged enthusiastically, and nearly a hundred feedback items were integrated into the final OTA update. Additionally, there's a plan to roll out at least four OTA updates in the forthcoming year.
  • XPENG hosted its inaugural global user OTA salon in Denmark, focusing on customer feedback and advancing smart mobility on a worldwide scale

GUANGZHOU, China, Aug. 20, 2024 (GLOBE NEWSWIRE) — XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company has rolled out their latest Tianji XOS 5.2 Over–the–Air (OTA) upgrade worldwide on August 15, unveiling the Smart Cockpit and Intelligent Driving features. The state–of–the–art advancements are supercharged by AI technology, making XPENG’s OTA updates faster and more robust.

Designed to deliver a superior user experience, this OTA upgrade underscores the company's engagement to its customer–focused values. Alongside its European expansion, these enhancements typify the company's unique culture of innovation compared to traditional automakers. Users are raving about XOS 5.2, and Marius from Norway, a beta tester, is particularly impressed. “I must say that the new software update is just amazing,” he says. “One of the things I really like is the new split screen; it allows you to view the surrounding environment on one side, while also showing the car's current charging status.”

XPENG Tianji XOS 5.2 OTA Asset Library

He Xiaopeng, Chairman and CEO of XPENG, said, “We are proud to be the first emerging Chinese auto brand to conduct a public OTA beta test for our global users. The Tianji XOS 5.2 OTA showcases our world–leading smart driving and R&D capabilities. Positive feedback from users worldwide underscores the increasing role of smart experiences in the future of mobility. We are dedicated to listening to our users and consistently enhancing their experiences. We believe that only truly high–quality technological innovations enable global users more quickly and effectively enjoy the convenience and comfort that these innovations offer, driving society towards a more sustainable future.”

In line with its latest strategies, XPENG organized an exclusive offline User Salon in Hillerød, Denmark. On August 13, the event drew together about 30 attendees for an interactive morning involving a showroom tour, followed by elaborate presentations about the OTA features and a dedicated Q&A session. The afternoon was punctuated by hands–on experiences, drawing high acclaim from the users.

The month–long beta testing brought considerable praise and actionable insights, culminating in XOS 5.2 addressing 82% of pertinent feedback from Danish customers with continued enhancements in the pipeline for future releases. XPENG is forging ahead, setting new paradigms for the intelligent electric vehicle industry globally, heralding an exciting new era for its owners.

“In Denmark we are deeply engaged with our customers and we have good processes in place to listen to them and take their feedback into consideration when developing our products. We truly believe that our future growth will happen with our customers as co–creators, and with this release we have proved it once again,” said Joachim Vishart Hummel–Gryholm, Head of Marketing for XPENG Denmark.

About XPENG

XPENG is a global smart electric vehicle company founded in 2014 in Guangzhou, China, developing clean, intuitive, and creative mobility solutions. With its industry–leading R&D facilities, XPENG brings vehicles with superior safety, electrical efficiency, and on–road performance to markets around the globe. The company is constantly working to advance its core technologies, including autonomous driving, SEPA 2.0 and captivating in–vehicle infotainment systems. XPENG is headquartered in Guangzhou and Amsterdam, with additional offices in Beijing, Shanghai and Silicon Valley.

Contacts:
For Media Enquiries:
PR Department
Email: [email protected]
Source: XPENG Motors

Videos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/610efae2–71e0–4073–8c38–e48345cd074a

https://www.globenewswire.com/NewsRoom/AttachmentNg/fcf30192–504d–4cbf–869a–40153821aec6

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/44e0fb42–9637–499f–ba51–8c8cfb40afd0

https://www.globenewswire.com/NewsRoom/AttachmentNg/4e9f1f9a–7859–4a3e–8847–f4ca86adbe9c

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https://www.globenewswire.com/NewsRoom/AttachmentNg/f9a48eac–a966–4c3b–82c3–fff40c4a97ba


GLOBENEWSWIRE (Distribution ID 9217176)