On April 24, He Xiaopeng, Chairman of XPENG Group (09868.HK), disclosed that the company is actively engaged in negotiations with overseas automakers to explore potential collaborative opportunities. This move is aimed at propelling the global commercialization of its driving assistance technology and bolstering its overseas production capabilities. He Xiaopeng mentioned that XPENG's cutting-edge driving system has piqued the interest of not only domestic automakers and parts suppliers but also European counterparts. Moreover, the demand for XPENG Motors' vehicles overseas has surpassed initial projections, with sales in France and Germany outstripping the local production capacity. To address this, the company is set to embark on an expansion of its overseas production from 2026 onwards. This will involve upgrading existing facilities and constructing new ones, with Europe, Southeast Asia, and Latin America all being considered as potential locations.