Chinese EV makers, including Xpeng, are leading the technological revolution in the EV industry but struggle to turn a profit. Xpeng aims to develop its own AI, chips, and self-driving technology to become one of the few survivors in the hypercompetitive market. The competition in China's EV industry has made it difficult for companies to convert sales into sustainable profits, with only a handful of companies, such as BYD, making money. Xpeng plans to expand globally and enter new markets to seek profitability outside of China.