XPENG LIVE: Physical AI For All

Dear guests, it's finally time. The XPeng brand day and new product launch is starting now. Enjoy the show. Z show field pass. Heat. The future before it becomes real sounds unbelievable. A vehicle without horses. Far-fetched. Human flight.

Impossible. A body built to move like us. Unreal. An intelligence that thinks. Unreliable. Unsafe. Uncontrollable. But explorers don't stop to explain. They fail. They begin again. They keep moving until what no one believed becomes real.

Once a car moved without horses. Now it moves with a mind. It doesn't just see the road. It reads the people on it. Before danger becomes danger, it finds the safer way. Not just for roads. Now in the sky. Unbelievable. A robot. No longer just a machine. Moving like a human. Iron is already at work. Flying cars are already being built. Robot taxis are taking to the road. Unbelievable. If all this still sounds unbelievable, good. Because every unbelievable reality starts as something no one believes. Explore the future of physical AI. XP.

Let's welcome the managing director of XBank Germany and Central Europe, Marcos Shrek.

Good afternoon ladies and gentlemen and welcome to XPeng's brand day and also welcome to the wonderful city of Munich, Germany, home of the big football club FC Bayern Munich. For the first time ever, XPeng is launching a new global product outside of China. And we are very proud that this event is happening in Germany in one of the world's most competitive automotive markets. XPeng started selling cars here in Germany in September of 2024 and already today our products and our brands are well received by our customers and our partners. By the end of the year we will have signed more than 100 points of sales in Germany and we will sell more than 8,000 vehicles this year. Next year we're already looking at approximately 20,000. We at XPeng believe that the level of our AI technology in our vehicles will be the game changer for the mobility of the future. That is why one of XPeng's key priorities is to always be amongst those manufacturers providing the customers with the most advanced technology. XPeng has more than 20,000 employees of which 40% work in research and development and of these R&D employees 50% work in software. That shows how serious we are with developing the highest level of technology possible for our products. Ladies and gentlemen, in China, very few entrepreneurs choose to put their own name on a company. When our founder, Mr. He, did so, many people made jokes about it for many years. But here in Europe, many of the world's most respected automotive brands carry the name of their founders like Benz, Hoy or Bosch. For us, putting a founder's name on a company is not about ego. It is a promise of personal responsibility, long-term commitment, and the courage to stand behind every product we create. Ladies and gentlemen, to present our new global product and the latest developments in our physical AI technology, I am very proud to announce the key speaker of this afternoon, the founder and chairman of XPeng, Mr. He. Mr. He. But I'm not done yet. Thank you. Mr. He founded our company in 2014 and has successfully developed it into a high-tech organization competing with the best and the bravest in the industry. He is still very much personally involved in our research and development and for example the Touring chip is one of his babies. Under his guidance, XPeng has started successful operations in more than 60 countries in the past 3 years and we are ready for more. Ladies and gentlemen, please welcome Mr. He.

Ladies and gentlemen, Good afternoon, Nihow. I am Sven and I'm the head of brand and product for XPeng in Europe. It's an absolute pleasure to be here with you. I will be replacing Juanma Lopez who unfortunately fell sick last moment and I will be taking you through all the details of the design story. Our design team put a lot of thought and effort into this car. Introducing an all new design philosophy we call Vital Flow. Vital stands for energy, youth, and sportiness. Flow is the fluidity, the purity, and the natural lines. Together, they capture what we believe is the L03, a car that conveys speed and life even when it's standing still. That's why the body lines are so clean and light moves naturally across every surface, giving it a look that is both light and powerful at the same time. The L03 features a low wide coupe-inspired design. It measures 4,650 mm in length, 1,890 mm in width, 1,600 mm in height, with a long wheelbase of 2,850 mm. Basically offering a spacious cabin while staying agile and easy to drive, making it perfect for everyday driving in European cities. We believe it is actually the details that define a striking look. Sculpted, muscular lines, hidden belt moldings, frameless doors and flush windows. That's rarely seen in this class of vehicles. And exactly that's why we have been obsessing over every detail in this car. It's not just the body that's finely detailed. The front lights are also very striking. The L03 carries forward our family design language with the tech-inspired Starship headlights made up of over 400 high-quality LED beads. Lit up, they're crystal clear and impossible to miss. Instantly recognizable even in dense traffic. And we've also created three custom welcome light sequences. Every time you approach the car, the lights come alive in a rhythm, delivering both a sense of technology, but also of warmth. Now, let's take a look at the back at the tail lights. Same story here. A level of quality that really goes well beyond this class. L03's rear features an all-new full width star ring tail light design in a rich saturated red. A lot of tail lights on the market end up being yellowish or pretty boring and dull or even dark and without life, missing the real sense of refinement. To get the purest, most premium red possible, our team put serious effort into the optics of things. And out on the road, trust me, it's going to be very hard for the car behind to miss that beautiful detail. Now, the L03 comes in five body colors, and every one of them is drawn from nature. Our hope is that these five colors do more than just showcase the introduction design of the L03. We want them to stay with our customers for years to come. Because ladies and gentlemen, real design shouldn't chase trends. Real design should simply age well. The L03 exterior is all about a sense of flow. And once you step inside, we wanted obviously to continue that feeling. We call that the Flow Cabin. Instead of piling on complex lines to create visual interest, we did the exact opposite: minimizing sharp angles. Letting every curve unfold naturally just like water. And we want the L03 cabin to be more than refined. We want it to feel completely relaxed. We offer two interior color options: gray, lighter, brighter, and it really opens up the sense of space inside the cabin. Now, inside that cabin, we've also introduced another industry first: 256-color wrapped soft diffused glow. Instead of direct beams, the light is diffused evenly across the dashboard and the door panels. And online, people have already been describing it as having a real sense of breathing. And it genuinely actually feels very premium. True premium quality always comes down to the right materials. On our dashboard and door panels, we will use a soft touch matte finish trim. Gentle to the touch but ages well. The headliner is made out of velvet, fine to the touch with a soft subtle shimmer. And the speaker covers are finished in real brushed metal. Not only refined to look at, but also unmistakably metal when you touch it. L03 steering wheel lastly is compact, just 365 mm with satellite buttons that give you that genuine sporty feel. Up front, a 15.6-inch 2.5K HD central display that delivers crisp visuals and a smoother, more responsive touch experience. Now, that's it for me. Let's get into the technology and please join me in welcoming Shanming, the head of XPeng's General Intelligence Center. Thank you.

Hello everyone. I'm Shanming. So about the picture, they just made a joke today. So either I changed to a slider, but it's too hot or they changed the picture. So seems nothing changed. So today I will talk something about intelligent features for the L03, this new vehicle. So first of all, we are an intelligent tech company and the core capability is our intelligence. From intelligent driving to intelligent cabin, we are totally reinventing how the car should look like and we believe one thing: the future EV is actually intelligent vehicle instead of just a pure vehicle. So that's why we are introducing all the new technical features here. So one thing we believe is when we decide to design the intelligent feature for this car, we are not designing the car but we are designing the robot, because we are a physical AI company. As a robot, usually the robot will perceive, reason, and act according to human intent. So we are trying to design this intelligent features from three different aspects. First, it needs to understand the user's intention. Second, it needs to plan and reason for the user. And last, we want the car to execute. The execution part is autonomous driving. And today we are going to talk the smart cabin.

We are going to introduce the new XOS version 6 smart cabin system into this vehicle. It enables more natural language interaction compared to traditional way of the car interaction. It supports different functionality. For example, free talk, free conversations. Just like you are talking with an agent, you are not talking with a car or with a machine. And secondly, it understands your intent and tries to translate the intention into an execution plan. And lastly, it supports multilingual languages. Currently, we are supporting Chinese, English, French, and German. Eventually we can support flexible switching between different languages. So next will be the execution part. First let's see the video about our VA 2.0.

All right. There's one. Do you dominating?

Okay. So today we are going to introduce this into Europe. So when we design the whole system we have to ask one question. What is the problem we are solving? We believe we used to work on autonomous driving and we do perception, planning, prediction. But this cannot scale the system worldwide, globally. So we have to take a step back and return to the original point and think about what is the true problem we are solving. The true problem is actually the physical AI. We want to build a system that is scalable enough and generalized enough so that it can scale from cars to robotics, from L2 to L4, from China to globally. So this is where we come from. The foundation model we trained is V 2.0. This is the starting point of our new models. Usually people ask why physical AI is harder than traditional AI or large language models. There are three different axes. First one, if you want to deal with the real world, usually you need to take a lot of continuous and large amount of input. For language models, we just take text, discrete tokens. But for VA or physical AI models, the input is unstructured data like video streams, sensor input, and continuous status of the vehicle. The second challenge is the output. Usually for language models, the output is just language tokens, dictionary words. But for physical AI, the problem is you need to output control signals which are continuous – for example, steering angle, pedals, acceleration, speed – all these things cannot be modeled using traditional way of AI. And the last one is about interactions. If you want to learn, we need to get interactions or feedback from the real world, but it is different from language model or coding. Getting feedback from the real world is pretty hard. So all these three factors make the physical AI pretty hard and we need to think about how to solve the problems. So this is a model architecture, very straightforward, very simple. It takes the input of video streams and also text languages as instructions. The video stream, we use all the cameras from the vehicle to take continuous videos as input to a model. And secondly, about the languages, we use navigation language input to instruct the vehicle, and also we can support natural language input such as voice from the users to control the vehicle. The middle part, the gray part, is the major component of the entire model, billions of parameters of big models. We train the model using large amount of data following the rule of data scaling, using unsupervised learning and self-supervised learning. This is the key. This is the key insight behind it. And lastly, about the output. There is a lot of debate about V models and word models, but for us it is the same because our model is trying to solve the problem by predicting the future of the world and also predicting the action of the vehicle. So we have two outputs. One is action, which is directly imitation learning trying to predict the control signals. Another side is world simulation. That means we also want to roll out and predict the video frames of the future. By doing this, this introduces better model training capacity and also enables us to do closed loop self-training. So all these factors together make the V model scalable and generalized enough to feed globally. The underlying principle of this is simple. We believe simplicity is the beauty. This also introduces a lot of benefits to make sure the system is scalable. First, we don't need any data labeling. Once you work on AI problems or run machine learning models, the biggest challenge is how much data you can get and how many you can label from human labelers. But we don't need any data labeling. Second, there is no information loss. End to end from the input of the cameras to the output of the actions, there is no information loss. This is like building a highway for all the information. So this totally enlarges the model capacity. Third, it is pure end to end. This is very beneficial for the entire system. That means we don't need to write a lot of heuristics in our codebase or introduce many rules into the system. And this supports us to train the model faster, much faster than before. We can produce maybe 10 or 20 models every day and test them and run simulations. And last, about profound emergence. We see the model usually makes a lot of out-of-expectation behaviors, for example maneuvers dealing with corner cases or safety cases. So all these factors together make the model very easy to train, very easy to maintain, and also make the system very easy to scale up.

Another question we are facing is, when we launch globally, for example to Europe, how do you solve the problem that you don't have the data? Because in Europe there are not too many cars, we don't have a fleet, we don't have enough data, and there is no way to scale up the system efficiently. So the V model also gave us another chance to do this. For example, we are using the dash wheel cameras, which are just commercial personal dash cameras, taking the video and using it to generate the seven cameras video input as a model. This gave us the flexibility to expand to new areas, new ODDs. So this perfectly solved the problem where we don't have the data and to fit globally. By doing this, we can generate realistic, continuous, and physically plausible data to support globalization and generalization. Okay, as I mentioned, we are not targeting only L2. We designed this system for L4. The whole system can expand from L2 to L4. We have already launched the Robotaxi employee beta version to all employees in July, and we hope to fully launch this to the public by the end of this year. Another benefit of doing this is it also enables us to go globally. The system is simplified, simple enough, and scalable enough. That means we can use a single model to bridge the gap between China and Europe. We believe this is also the key technique to expand globally, and now we are adapting the model to European mass production.

Okay. So as JH mentioned, there is one philosophy we follow: in Europe for Europe. Understanding the European rules is pretty important. That means you need to maintain very strict pedestrian priorities and workers, cyclists, or scooters. There are a lot of cyclists in Germany, Netherlands. So we need to keep the priority and also recognize all the road signs. There are a lot of traffic signs which are totally different from China. And lastly, there are many hidden rules in user habits. This is not written in some science, but it is common sense maintained by everyone in this country. So we also need to maintain the implicit rules on no-sign roads, for example, yield to the right, that kind of thing. So all these are changes we made to adapt the model into European countries. Now we can show some examples of how we do this. First, this video is European performance of road testing. It yields to other vehicles, participant before left turn into the intersection, decelerates before going to the right side red light, yields to upcoming cars, bypasses obstacles, and finally makes a lane change in advance to avoid a double parked vehicle. This one also shows how we react to cyclists and pedestrians. For example, there is a cyclist in front of the car. We need to yield to pedestrians until the car moves, until the cyclist moves forward, and stop to wait for pedestrians. And this shows right-of-way sign recognition. On this way there is a yield sign. That means you need to wait until everyone goes, then you can go. This never shows in China, but you need to make sure your model can adapt to this. All this comes from very efficient post-training of the model, not using too much data, but a very efficient adaptation of the entire system.

For Europe, another important part is parking. Parking in Europe is terrible. When I first arrived here, I found the parking spaces are too small, and the parking garage is also terrible. It seems not possible to park by human. Also in Europe, different from China, Europe usually is front-in and rear-side parking, not rear-side parking. And we provide some features called customizer parking, meaning we can draw the parking space on the ground and then the car can park there. In order to deal with the very tight spaces in Europe, like the garages, we also introduce 3D OC. This gives us a tighter, more accurate estimation of obstacles so we can deal with complex spaces like in the old town or downtown. So next we can show a demo of how the parking works. The first one is you can draw the line on the ground and the car can park there. It also shows how we can do front-end and rear parking. In some European situations, people have a habit of opening the trunk to deliver or unload things. This shows how the car can operate in this way. This also supports remote parking, meaning you can ask the car to come out. And here you see in the parking garage where space is very limited, you can assign a parking space, exit the car, push a button on your phone, and the car can park by itself.

Today we are also very glad to introduce a collaboration with Google over the past several months. We have been collaborating very closely with the Google Maps team to integrate the Google Auto SDK into our system. This is the first Asia Pacific Google Maps Auto SDK partnership with deep integration. We are very glad to see the Google Maps team, the head of Google Maps Automotive, here today with us. Really appreciate your collaboration and hard work, and now we can support more countries. There are several features. First, we have global coverage with more than 250 countries. This also provides very rich coverage of information including photos, reviews, contact information, hours, operation hours. Thirdly, because of this deep integration, we can support intelligent EV routing based on deep vehicle integration. For example, when you plan from A to B, it can also support your range information and where you need to charge. Fourthly, satellite view of the map is one of the key features in European countries, so we can support the satellite view of Google Maps. Lastly, we believe good technology is for everyone, not only for some. It is purely for everyone. So we also support accessibility features including multiple color schemes for everyone. Okay, thanks to the Google team, we achieve this within a very short period of time.

Okay. Now, let's see how it goes.

Hey, XPeng. Let's go home. Mom, what's for dinner? Hey, XPeng, let's stop by a grocery store where we can buy fresh vegetables and fruits. Traffic ahead is heavier than usual. Would you like to switch to a faster alternate route? Sure. I'm hungry.

You see we are ready. We have a localized NGP adapted to the European countries. We have multi-language support for the cockpit systems and also a trusted partner for navigation and map. So we are ready to launch in Europe. I'm not sure if Shopon believes you are ready. So let's see whether or not Shop is satisfied.

That's all. That's okay. In 300 meters, turn right onto Belgrad Street. Okay. Mhm. Foreign. Okay. Fore! Foreign! Foreign! Next try. In 200 meters. Okay. Okay. Number one.

Yeah. So we are ready and we will go global way in 2027. Next, I will introduce back and he will introduce more features.

Thanks man. Thank you, Shenming. It's me again. Now let's introduce the key premium features we are offering in the L03. Let's start with the large 26.8 inch WHD which provides more complete, clearer information right in your line of sight. Very unusual in this segment and a feature that is truly unique. We believe many drivers can benefit from a large head-up display for better visibility and better on-road focus. Now let's talk about music, my favorite hobby. The L03 comes with a 20-speaker sound system delivering over 1,000 watts of amplifier power, the highest in its class, providing an experience that rivals many luxury vehicles. My favorite slide. Besides passive sound insulation, the L03 is also equipped with RNC active noise cancellation powered by a high-performance noise cancellation chip. The range extender version also features additional ENC active noise cancellation for the generator, just like putting noise cancellation headphones on the car. In our tests, the active noise cancellation system reduces peak noise by up to 10 dB, and the improvement is especially noticeable on rough surfaces. Our engineering team has put special effort into maximizing rear seat space. Many coupe SUVs sacrifice rear seat comfort for a streamlined sporty silhouette, leaving rear passengers with narrow knee, shoulder, and headroom. With the L03, we meticulously engineered the interior structure to maximize cabin spaciousness. On the L03 BEV model, we added a 102 L frunk. It can easily hold a 20-inch carry-on luggage, but it's also perfect for small groceries or anything that could stain your cabin. It comes with an in-built drain plug so you can rinse it out and get it clean again. We also added a 10 L drawer beneath the rear seat. When you want to rest on the passenger seat under zero gravity mode, you can easily reach into these drawers for your blanket or eye mask. The L03's trunk space has a capacity of 539 L, easily accommodating six 20-inch carry-on suitcases and two travel bags. With the rear seats folded, the maximum capacity expands to 1,640 L, creating a double bed measuring 180 by 150. Whether you're heading out for a weekend getaway or carrying long sports equipment, the L03 handles it easily. On those trips, you can count on V2L with a capacity up to 6 kW. We designed the car with different lifestyles and regional needs in mind. That's why the L03 is pre-prepped for tow bars and roof rails, allowing users to customize the car according to whatever they need to carry. We hope the L03 not only handles your urban daily commute effortlessly but also takes you further to explore more horizons. I've been talking a lot, covering what makes the L03 stand out, but I think there's nothing quite like hearing this from one of our VIP guests. That's why I would like to introduce a warm welcome to Pamela.

Hi Pamela.

And hi everyone. I'm very happy to be here.

Great. Good. Now Pamela, you're an influencer. You're also an entrepreneur. You have a massive followership in China, 70 million followers, but you're originally from here. You yesterday had the opportunity to get a feel of the L03. Can you share with us your first impressions?

Yes, of course. So, I'm personally a big fan of SUVs. I really love them. But sometimes they are a bit too big and too bulky for me. Especially since I live in the city and as everybody noticed here, German streets and streets in Spain are quite narrow and parking spaces are small. So sometimes big SUVs are just a little bit too big. So I really like that this one is a bit more slimmer and sleeker, very sporty. And I think it also looks very feminine. So I really love the design.

Sporty, sensual, good-looking, basically.

Exactly. Love it. Love it.

Now, you have a very active lifestyle. You travel a lot. Could you tell us what is important for you in a car? What does a car need to have to fit your busy lifestyle?

Yeah, I travel a lot from A to B. So I spend a lot of time in a car and sometimes the car is the only space where I can really wind down and relax a little bit in between meetings. So it really has to be comfortable for me. And if you step into this car and sit down on the seats, you immediately feel how comfortable and soft the seats are. And that's really astonishing for me because I was sitting down, I was like, 'Wow, actually this feels like a cloud to me.' And also the massage function of course and the sound system was very astonishing and the noise reduction. So all of that really makes you feel more relaxed inside the car. So although you are in traffic, you are not stressed.

Great. I can hear you love the car, but let's think about the future. We've got here the top of the company.

Yeah.

If you could think about a feature in the future to have on a future car, what would you desire?

That's a very good question. First of all, I think this car has already so many features that are very, very extraordinary. So I think it covers almost everything. But I'm personally really into longevity and biohacking. So if all of those recovery measures could increase even more in a car, that would be amazing. Imagine we have like an oxygen chamber inside of there or there are healing sound frequencies or it would clean the air with air purification. I think all of that would be really amazing because if you are in traffic most of the time the air is not so clean. So if it purifies the air at the same time, I think that would be a good idea.

I love it. Biohacking. That's a word that we should use more.

Yeah.

Thank you so much for your first impressions.

Thank you so much.

And thank you for being here.

Thank you so much. Bye-bye, everyone.

Thanks. Thank you. Thank you.

Yes, ladies and gentlemen, it's always good to not hear it from us, but from somebody else. And that leads to my second point. What makes the L03 perfect fit for European markets is that it was developed from the ground up for different regions, different terrains, and different climates. It meets the world's most rigorous standards, as you can see behind me, for safety, for performance, and for durability. It's designed to be a true global product to be simultaneously launched in 65 countries and regions. Now, while we see clearly that European users are embracing an all electric future, we have to be honest that for some people EVs still come with real pain points: range anxiety, winter range degradation, and charging difficulty in remote areas or just the inability to install a home charger. So therefore, we will offer both the BEV and the range extender variants as you heard before. For daily urban commute, our all-electric model offers outstanding efficiency and super ultra low running costs. But if you want to travel further, our Kang range extender variant Power X will completely eliminate range anxiety, making it the perfect companion for long distance travel. Our L03 delivers a solid range of 520 km in the EV model and low energy consumption as I said is in our DNA. We have a fantastic value here of WLTP 15.3 kW per 100 kilometers. Moreover, the L03 also comes with 0 to 100 acceleration in 6.6 seconds and charging from 10 to 80 in just 20 minutes. To accommodate an even wider range of driving conditions, we will also introduce an all-wheel drive variant. The all-electric all-wheel drive L03 can accelerate from 0 to 100 in just 4.5 seconds. The PowerX range extender comes with a combined fuel consumption of 5.8 L per 100 km and a total range over 1,000 km, outperforming all ICE SUVs in the same class. It is also extremely silent. When the range extender kicks in, noise levels change within one decibel only. So the L03 is not only designed as a replacement for ICE SUVs, but also as a new choice that is quieter, more efficient, and better suited to specific European scenarios. What you can expect from us is a technology solution for a real consumer use case. So ladies and gentlemen, we have lots of premium features, but again, don't take it from me. Let's listen to what the media have said.

Pretty awesome. Like, it's one of the first cars I've ever been in that just doesn't seem cluttered because there are no buttons on anything. It's just a super smooth futuristic experience. We use the NTP all the time. This car is quite suitable for the younger people or the people who are looking for the one SUV car and the smart car. When we were on the road, it was amazing. Especially the autonomous driving with the VA 2.0. It's very smooth. I love it. As an American, I always thought Tesla was so far ahead with the tech and their electronic cars, but after coming to China and experiencing a lot of the EVs, I'm not so sure about that anymore. I got confidence when we drive and the car showed me that it looks like a real human driving the car. I would say please keep bringing your brilliant cars to the UK. I want to see my family driving them and I want to see everyone driving an XPeng car.

So, we're looking forward to seeing your comments after having experienced the car outside here. Now, while it's pretty hot inside here and also outside, we are already prepping for the winter because many European users face months of cold weather every year. Thanks to our industry-leading and innovative thermal management system, the energy consumption level in cold weather is going to be reduced by 6.7%. Our latest generation heat pump system intelligently recycles waste heat from over 11 sources throughout the vehicle so that we can maximize energy efficiency from -30° all the way up to 40+° C. Needless to say, for these markets we will also offer a cold weather package including the heated front shield among other features. Lastly, but very close to my heart, is the importance of safety. The L03 is engineered to meet five-star safety standards from the three of the world's most authoritative crash test programs: the European ENCAP, Australian NCAP, and China CNCAP. Here are just two of the features we are introducing to reach that star level. We will introduce a tire blowout system at high speed. Tire blowout at high speed is one of the most dangerous scenarios on the road. Our L03 all-scenario blowout stability control keeps the vehicle steady even during a sudden loss of tire pressure. Whether you are cruising down a straight, going around a bend, or facing oncoming traffic, the system provides total peace of mind in all situations at different speeds. And lastly, we believe safety should be for everyone. We don't want to compromise on active safety. Even in the event of a blowout, the vehicle stays stable and under control, helping you to move on. Driver incapacitation assist, my favorite English word, incapacitation. The driver incapacitation assist is a big step forward in making XPeng a reference in safety because we are using our smart technology to save lives. So ladies and gentlemen, that concludes my presentation on the premium features of the L03. But I have a question for you. I'm alone on stage. Would you like to see the L03?

Hi, I'm back. As has been a tech company from day one, we believe technology will change the way people move around the world. So that's why every XPeng car is built with our latest technology. The L03 is not only a small car but also our answer to the future of mobility, and we hope to bring the very best tech to users around the world. Next, but not least, let's talk about price. Since we are here in Germany today, let's start with the German price available with two different powertrain options. The German L03 pure electric is starting from 35,600, and the German L03 range extender is starting from 38,600 euros. And these are the starting prices of the XPeng L03 in other European markets. I want to go through them one by one, but you can visit your local official websites for detailed car trims and pricing. The L03 is a global car. It brings the best smart technology from China to the world. In 2026, it will be in 65 countries. That's a big step. More roads, more cities, more people will see the L03 globally. And great technology should be for everyone. That's what I want to do. It should make travel easier, safer, and more fun. The event is about to end, but it's just a beginning. We are starting a new journey with all of you. More XPeng cars will be on European roads. Together we will shape the future of mobility. Thank you. Thank you. See you on the road. Thank you.