CNBCDesigning its own semiconductors might provide Xpeng more control over the combination between its hardware and software application. The company has been concentrating on establishing technology in-house as a method to differentiate from rivals in Chinas congested electrical lorry market. Not just is Xpeng taking on traditional automakers and start-ups, but an increasing variety of technology companies such as Baidu and Xiaomi have actually likewise delved into the fray.Wu claimed the P5s hardware and software and “use of the overall features is a lot more innovative” than its rivals– which would give the company an “edge.”Chinese innovation business have actually been putting an increasing concentrate on establishing their own semiconductors. Baidu last month raised money for its chip organization and Xiaomi revealed a brand-new chipset for the cam on its newest flagship smart device.