On March 20, during the earnings call held this evening, He Xiaopeng disclosed that XPENG Motors intends to allocate RMB 4.5 billion towards AI research and development (R&D) in 2025. At present, XPENG has successfully developed a comprehensive, in-house technology system dedicated to embodied AI (Note: "physical AI" is translated as "embodied AI", which is a more commonly used term in the field of AI, referring to AI that interacts with the physical world). This system encompasses chips, foundational models, and AI infrastructure. By leveraging this system, XPENG anticipates that its embodied AI technology will experience exponential growth starting from 2026. This growth will be marked by the mass production of embodied AI agents and their swift expansion in scale. The company remains committed to escalating its AI R&D investments, with expenditures related to embodied AI R&D projected to surge to RMB 7 billion by the end of this year.