XPeng Accelerates Hiring and AI Development in Global Expansion Push
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2 Sources
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China's Xpeng revises up 2025 planned hires to 8,000, founder says
BEIJING, July 16 (Reuters) - Chinese electric vehicle maker Xpeng's (9868.HK), opens new tab planned hires for this year have been revised up to 8,000 from 6,000, founder He Xiaopeng said in an internal speech. With the added openings, Xpeng's workforce will be nearing 30,000 within this year, He said, according to a transcript of the speech seen by Reuters on Wednesday. The revision highlights ramped-up hiring in smart driving with a large number of openings in fields such as large artificial intelligence models, according to the company. Reporting by Qiaoyi Li and Casey Hall; Editing by Himani Sarkar Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Technology * Sustainable & EV Supply Chain
[2]
XPeng Founder Reveals Bold Plan To Hire 8,000 More By 2025 - XPeng (NYSE:XPEV)
Chinese electric vehicle maker XPeng XPEV plans to hire 8,000 workers this year, up from its earlier target of 6,000, founder He Xiaopeng said in an internal speech. With the new hires, XPeng expects its total headcount to approach 30,000 by the end of the year, according to a transcript of He's remarks reviewed by Reuters on Wednesday. XPeng's stock has seen substantial growth, surging 52% year-to-date, outperforming the NYSE Composite Index's 7% returns. Also Read: Chinese Stocks See Broad Rally As US Eases Chip Curbs XPeng is accelerating its global expansion with the official launch of its revamped G6 and G9 Ultra Smart SUVs in Europe, featuring ultra-fast 800V charging and AI-powered driving tech. The EV maker opened orders across eight European countries last year, with deliveries set to begin in late summer 2025. As XPeng targets international growth, its financial momentum continues to build. In first-quarter 2025, the company reported a 141.5% year-over-year (Y/Y) revenue jump to 15.81 billion Chinese yuan ($2.18 billion), topping the analyst consensus estimate of 16.02 billion Chinese yuan and a 330.8% surge in vehicle deliveries to 94,008 units. Vehicle sales revenue climbed 159.2%, while its gross margin rose for the seventh quarter, reaching 15.6%. Looking ahead, XPeng projects second-quarter deliveries of 102,000-108,000 units, up over 237% Y/Y. The company anticipates revenue of 17.5 billion Chinese yuan to 18.7 billion Chinese yuan, versus the analyst consensus estimate of 16.85 billion Chinese yuan. Trending Investment Opportunities Advertisement As of July, XPeng has delivered 197,189 vehicles this year, already surpassing its full-year 2024 total, while expanding into more than 40 countries and regions. XPeng has started developing autonomous driving chips and is working with Volkswagen VWAGY and other automakers as potential clients. At the June launch event for the G7 model, CEO He Xiaopeng told the Financial Times that XPeng is integrating its Turing AI chip into upcoming Volkswagen vehicles set to launch in China in 2025. Xiaopeng claimed the Turing chip delivers three times the computing power of Nvidia's NVDA Orin-X, positioning XPeng as a serious contender in the autonomous tech race. Price Action: XPEV shares are trading lower by 0.28% to $17.87 premarket at last check Wednesday. Photo by Robert Way via Shutterstock XPEVXPeng Inc $17.87-0.28% Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock Rankings Edge Rankings Momentum 94.39 Growth 21.61 Quality N/A Value 60.53 Price Trend Short Medium Long Overview NVDANVIDIA Corp $169.70-0.59% VWAGYVolkswagen AG $11.151.00% Market News and Data brought to you by Benzinga APIs
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Chinese EV maker XPeng increases hiring targets, focusing on AI and autonomous driving technology as part of its global expansion strategy.
XPeng's Ambitious Hiring Plans
Chinese electric vehicle (EV) manufacturer XPeng has announced a significant increase in its hiring targets for 2025. Founder He Xiaopeng revealed in an internal speech that the company plans to hire 8,000 new employees this year, up from the initial target of 6,000 1. This expansion will bring XPeng's total workforce close to 30,000 by the end of the year, highlighting the company's aggressive growth strategy in the competitive EV market.
Source: Reuters
Focus on AI and Autonomous Driving
The revised hiring plan emphasizes XPeng's commitment to advancing its technological capabilities, particularly in smart driving and artificial intelligence. A large number of the new openings are in fields such as large AI models, indicating the company's focus on staying at the forefront of autonomous driving technology 1.
XPeng has made significant strides in this area, developing its own autonomous driving chips. CEO He Xiaopeng claims that their Turing AI chip delivers three times the computing power of Nvidia's Orin-X, positioning XPeng as a serious contender in the autonomous tech race 2.
Global Expansion and Partnerships
XPeng is accelerating its global expansion with the official launch of its revamped G6 and G9 Ultra Smart SUVs in Europe. These vehicles feature ultra-fast 800V charging and AI-powered driving technology, demonstrating XPeng's commitment to bringing advanced EV technology to international markets 2.
Source: Benzinga
The company has opened orders across eight European countries, with deliveries set to begin in late summer 2025. This expansion is part of XPeng's broader strategy to establish a presence in more than 40 countries and regions 2.
Financial Performance and Future Outlook
XPeng's aggressive expansion is backed by strong financial performance. In the first quarter of 2025, the company reported a 141.5% year-over-year revenue increase to 15.81 billion Chinese yuan ($2.18 billion), surpassing analyst estimates. Vehicle deliveries surged by 330.8% to 94,008 units, while the gross margin continued to improve for the seventh consecutive quarter 2.
Looking ahead, XPeng projects second-quarter deliveries of 102,000-108,000 units, representing a year-over-year increase of over 237%. The company anticipates revenue between 17.5 billion and 18.7 billion Chinese yuan, exceeding analyst consensus estimates 2.
Strategic Partnerships and Industry Impact
XPeng's technological advancements have caught the attention of major players in the automotive industry. The company is working with Volkswagen and other automakers as potential clients for its autonomous driving technology. At a recent launch event, CEO He Xiaopeng revealed that XPeng is integrating its Turing AI chip into upcoming Volkswagen vehicles set to launch in China in 2025 2.
This collaboration with established automakers, coupled with XPeng's in-house technological developments, positions the company as a significant player in shaping the future of electric and autonomous vehicles.
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