00:00It's Benzinga, bringing Wall Street to Main Street
00:02Xpeng shares gained nearly 3% Thursday following reports that the Chinese electric vehicle
00:07maker plans to expand its technology licensing and customization business to foreign automakers,
00:12according to Benzinga. Reuters reported that Xpeng is seeking partners beyond Volkswagen
00:16and plans to offer its electronic architecture, cockpit systems, Turing AI chips, and advanced
00:20driver assistance software. The company also plans to expand the technology business into
00:24robotaxis, robotics, and other physical AI applications. Separately, Xpeng launched its
00:30next-generation G9L flagship SUV in China on Thursday. The company plans to introduce the
00:35model globally at the Paris Motor Show on October 12th, with availability planned across 64 markets.
00:40Shares were up 2.8% to $10.63 on Thursday, according to Benzinga Prodata.
00:46For all things money, visit Benzinga.com.
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