Deepening Roots in Guangdong Receives Another Boost: China's XPENG Selected for First Batch of Projects Under Hundred-Billion-Yuan Fund
2026-05-28 15:35
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en.Wedoany.com Reported - Gasgoo News — Recently, the launch ceremony for the Guangdong Provincial Strategic Emerging Industries Investment Guidance Fund was held in Guangzhou. Huang Kunming, Secretary of the Provincial Party Committee, and Meng Fanli, Deputy Secretary of the Provincial Party Committee and Governor, attended the ceremony and unveiled the fund's plaque.

XPENG Group was selected as one of the first batch of contracted project representatives. He Xiaopeng, Chairman and CEO of the group, delivered a keynote speech at the ceremony.

It is reported that the guidance fund has a total scale of 100 billion yuan, with an initial registered scale of 50 billion yuan. It is Guangdong's first provincial-level government investment fund structured as a perpetual operating company. The fund will operate under the principle of "government guidance, market-oriented operation, and professional management," focusing on investment in hard technology sectors. It aims to drive the creation of a trillion-yuan-level industrial investment fund cluster and boost the construction of Guangdong's modern industrial system.

In his speech, He Xiaopeng stated that the cultivation of strategic emerging industries cannot be separated from "patient capital" that can span economic cycles. Both Guangdong and the entire nation need more high-quality enterprises that adhere to independent research and development and deeply cultivate technological innovation.

Image Source: XPENG Motors

Focusing on investment in strategic emerging industries, He Xiaopeng put forward four core judgments: First, adhere to a long-cycle investment orientation; second, invest in technological innovation with higher research intensity to achieve high-quality development; third, invest upstream and at the root nodes to ensure supply chain security; fourth, deploy globally.

He specifically pointed out that whether it is digital AI, physical AI, or biological AI, all require long-term, firm, and substantial technological investment, requiring faith, patience, execution capability, and investment intensity. A company's genuine R&D investment is precisely the key to whether it can achieve long-term consistent technological innovation. XPENG Group will continue to increase its R&D investment.

XPENG Group is deeply rooted in Guangdong, currently employing 29,000 people globally. Its 2025 revenue was approximately 77 billion yuan, with annual R&D investment exceeding 11 billion yuan, representing an R&D intensity of about 14%. The company has established a systematic layout in fields such as smart vehicles, embodied intelligence, and flying cars. Its self-developed Turing AI chip and the second-generation multimodal physical world large model VLA have achieved mass production application. It has also built the world's first 10,000-unit-level flying car mass production factory and a full-chain mass production base for humanoid robots.

He Xiaopeng expressed that he is deeply honored and feels a great sense of responsibility as one of the first contracted enterprises. XPENG Group will continue to firmly follow the path of independent innovation, fully tackle the core technical challenges of physical AI, and, with the support of the strategic guidance fund, enable the low-altitude economy to "take off," autonomous driving to "run," and embodied intelligence to "be applied," transforming core physical AI technologies into tangible and usable industrial scenarios.

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