KUALA LUMPUR: Xpeng has entered China's "Fortune Tech 50" and "Fortune China 500" lists.
According to the automaker, its entry into both lists were announced at the Fortune China "Tech 50 Innovation Night" and "2024 Fortune China 500 Summit" on Oct 16 and Oct 17 respectively in Shanghai.
"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, attributed to its pioneering artificial intelligence (AI)-defined mobility technology, autonomous driving breakthroughs, and industry-leading AI model applications.
Fortune China praised Xpeng for its edge in smart driving technology, following the announcements of the mass production of its AI model in May, and, in July, a strategic partnership with Volkswagen to co-develop electronic and electrical architecture technology.
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 this list underscores its progressive approach in AI applications and global expansion.
The company's self-developed Turing Chip, the world's first AI chip designed for AI-based vehicles, robots, and flying cars, has started production, and pre-orders have started for Xpeng's AI-powered P7+ car.
Xpeng said it remains focused on global expansion.
