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XPENG pushes deeper into software and physical AI as costs rise
Key Takeaways
- XPENG reported $2.91 billion in second-quarter revenue and a 20.7% gross margin.
- Services, especially technical R&D work for Volkswagen Group, were a major driver of margin improvement.
- The company also announced a major VLA 2.0 intelligent driving update while increasing R&D spending by 35%.
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DT Editorial Team··via cleantechnica.com
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