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    Pingyue Wu • Unknown

    Pingyue Wu's questions to Xpeng Inc (XPEV) leadership

    Pingyue Wu's questions to Xpeng Inc (XPEV) leadership • Q1 2025

    Question

    Pingyue Wu of Citic Securities inquired about the strategic role of the MONA series and the target market share for the MONA Max model. Additionally, she asked about the 2025 R&D budget and the proportion allocated to AI-related development.

    Answer

    CEO He Xiaopeng expressed high hopes for the MONA series, positioning it as a cool, tech-forward brand for young consumers, but did not provide a specific penetration target. VP of Finance James Wu reiterated the full-year 2025 R&D guidance of RMB 8.5 billion, confirming a 'good amount' will be allocated to AI for cloud computing, autonomous driving, and smart cockpit features.

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    Pingyue Wu's questions to Xpeng Inc (XPEV) leadership • Q4 2024

    Question

    Pingyue Wu asked about XPeng's overseas strategy, specifically if the company is considering building factories or pursuing other capacity cooperation abroad. She also inquired if the goal of one human intervention per 100km is an ultimate target for autonomous driving and asked about the possibility of OEMs or insurers taking on liability for AD systems.

    Answer

    Vice Chairman and President Brian Gu detailed the overseas expansion plan, which includes doubling sales outlets and exploring local production solutions, such as with a partner in Indonesia. Co-Founder, Chairman and CEO He Xiaopeng clarified that the 'one takeover per 100km' metric is a milestone for L3 capability, not an ultimate goal. He also noted that XPeng is actively proposing new regulations in China to advance AD safety and clarify accountability.

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    Pingyue Wu's questions to Cango Inc (CANG) leadership

    Pingyue Wu's questions to Cango Inc (CANG) leadership • Q4 2024

    Question

    Pingyue Wu inquired about Cango's future growth expectations and its ongoing strategic direction, particularly concerning the role of its traditional automotive business following the company's transformation.

    Answer

    Executive Jiayuan Lin outlined growth plans, forecasting annual production of approximately 6,000 Bitcoins with the potential to increase significantly upon reaching a 50 EH total hashrate. For the auto business, the 2025 target is to export 1,500 used cars. Lin confirmed the primary strategic focus is expanding Bitcoin mining operations and holding the mined assets, while the used car export business will continue as a secondary, asset-light operation.

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