The 2026 Financial Special Report for the National People's Congress and Chinese People's Political Consultative Conference zeroes in on pertinent advancements. XPENG recently hosted a launch ceremony for its second-generation VLA intelligent driving system. Chairman He Xiaopeng emphasized that the existing L2 assisted driving solutions in the industry are a patchwork of disparate technologies, which fall short of delivering a truly reliable experience. He also noted that end-to-end small models have hit their performance ceilings, signifying a crucial turning point in intelligent driving R&D. XPENG's second-generation VLA system reimagines the model architecture from scratch, embracing two concurrent development paths. He forecasted that L4 autonomous driving could see widespread adoption in China this year. He also highlighted XPENG's longstanding focus on software, having been the pioneer in achieving highway assisted driving and urban navigation-assisted driving. Furthermore, during this year's Two Sessions, he advocated for expediting the technological transition from L2 to L4 and enhancing corresponding regulations and governance frameworks.