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Despite the substantial investments incurred in research and development, XPeng anticipates reaching profitability by the end of this year. Their collaboration with Volkswagen, who have invested in XPeng, aims to leverage mutual expertise in software and manufacturing to accelerate the progression of both companies in the EV market.
XPeng’s current selling target aims for 400,000 vehicles this year, with aspirations doubling their sales to 800,000 next year. Given the innovative design, competitive pricing, and expanding international presence of XPeng, many industry analysts believe such targets are within reach.