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ules on car data regulation that include provisions meant to strengthen personal data protection and protect national security. Carmakers will

have to inform and seek customers' approval before collecting data such as geographical locations, biometric features, driving habits, and audio

and video records of their journeys, according to the proposed regulations. "It is definitely chance for us; better regulated sector

will only benefit us," said Brian Gu, president of Xpeng Motors. "The government has rolled out lot of measures recently

to better regulate the sector, including data collection, battery safety, autonomous driving and it is good trend." Xpeng expects to deliver 1,5 to 1,0 vehicles and to rake in 3.4 billion yuan to 3.5 billion yuan in revenue in the second quarter. The ambitious target comes amid fierce competition in China' EV market, fuelled by raft of technology behemoths such as Huawei Technologies, Xiaomi and Tencent Holdings hopping onto the smart car bandwagon. Electrification and digitalisation are viewed as key to the future of cars. Conventional carmakers, electric vehicle start-ups and technology giants alike are ploughing money and human resources into the development of next-generation cars that will feature autonomous driving and sophisticated in-car entertainment systems.Chinese technology titan Baidu and car-making giant Geely formed an electric vehicle venture in January. Chinese telecoms equipment maker Huawei unveiled its HI intelligent automotive solution in April and said it plans to invest US$1 billion annually in research and development in the intelligent cars segment. Xiaomi announced its entry into the EV market in the same month. "This is actually good thing for us as it can bring in more resources, attention and talent," said Gu. "It will be at least two or three years before they actually produce car and we do not think it will pressure us in the short term. Visit us online: btianjin.cn/2 " " 6.5% 2