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Recently, Xiaopeng Motors announced its official entry into the Italian market. As one of Europe's top five automotive markets and a pioneer in Europe's electrification transformation market, Italy is striving to achieve a production capacity target of 1.3 million new energy vehicles by the end of 2025 through incentive policies such as tax breaks and investment in charging infrastructure. Xiaopeng Motors believes that the Italian market is a key part of its global strategy. Prior to this, Xiaopeng Motors had entered Southern European countries such as Spain. Xiaopeng Motors stated that with Italy officially joining the commercial landscape, it has effectively covered the entire Southern European market and has successfully entered more than ten European countries. In the future, Xiaopeng Motors will use Europe as a foothold to rapidly expand its global market layout.