XPENG is a leading tech company that designs, develops, manufactures, and markets intelligent mobility solutions. We explore the diversity of mobility including electric vehicles (EVs), electric vertical take-off and landing (eVTOL) aircraft, and robotics. We focus on creating a future of mobility that uses thoughtful and empathetic intelligence to improve the driving experience. XPENG is committed to in-house R&D, with almost 40% of our employees working in R&D-related areas helping to develop our expanding product portfolio. The Company has created a full-stack Advanced Driver Assistance System (XPILOT), as well as an intelligent operating system (Xmart OS) for an enhanced in-car experience. XPENG has also developed core vehicle systems for enhanced driving capabilities, including powertrains and advanced electronic architecture. XPENG is headquartered in Guangzhou, China with multi-regional offices in Beijing, Shanghai, Shenzhen, Silicon Valley, and San Diego. In 2021, the Company established its European headquarters in Amsterdam, along with other dedicated offices in Copenhagen, Munich, Oslo, and Stockholm. XPENG's EVs are manufactured at the fully-owned plant located in Zhaoqing, China. To further expand our production capacity, two new self-owned intelligent EV manufacturing bases in Guangzhou and Wuhan are under construction now.