News Summary

Chinese electric vehicle manufacturer XPeng is developing advanced artificial intelligence chips for Volkswagen cars. This development is part of a broader collaboration between XPeng and Volkswagen, with the latter having invested $700 million in the Chinese EV maker to jointly develop electric vehicles. The new chips, known as Turing chips, are designed to enhance autonomous driving capabilities and are purportedly stronger than Nvidia’s current offerings. XPeng’s co-founder and CEO, Xiaopeng, is spearheading the integration of these self-designed chips, indicating a significant technological advancement for the company and its partners.