China's Xpeng Sees Record EV Sales With P5 Launch: CEO

The transcript discusses the growing demand for electric vehicles (EVs) in China, particularly focusing on the smart TV sector's expected growth. XIAOPENG's record sales in the first quarter and plans for the P5 model are highlighted, along with the challenges of pricing in a saturated market. The impact of traditional car companies and new entrants like BMW is considered, with a focus on innovation and future technologies such as autonomous driving and flying cars. The transcript also addresses the impact of the global chip shortage on production.

What is the expected growth trend for the smart TV sector in China this year?

• Single-digit growth

• Double-digit growth

• Stable growth

• Decline in growth

What is XIAOPENG's strategy to maintain sales momentum throughout the year?

• Reducing prices of existing models

• Introducing the P5 model

• Focusing on marketing campaigns

• Expanding to new markets

Why is there a need for more mid-level priced electric vehicles in the market?

• To reduce production costs

• To compete with luxury brands

• To meet a larger demand

• To focus on high-end consumers

What is the anticipated timeline to see a clear leader in the new smart TV market?

• 5-6 years

• 1-2 years

• 2-3 years

• 4-5 years

How is XIAOPENG addressing the challenges posed by the chip shortage?

• By halting production

• By increasing prices

• By outsourcing production

• By working to stabilize the supply chain