Welcome to our dedicated page for XPeng American depositary shares, each representing two news (Ticker: XPEV), a resource for investors and traders seeking the latest updates and insights on XPeng American depositary shares, each representing two stock.
XPeng Inc., established in 2014, is a prominent Chinese smart electric vehicle (EV) company that designs, develops, manufactures, and markets EVs primarily in China. The company's mission is to create high-quality, cost-effective vehicles that are younger, intelligent, electric, and internet-based. XPeng integrates hardware, software, data, and operations to offer global intelligent travel solutions.
XPeng targets technology-savvy middle-class consumers in the midrange to high-end segments of China's passenger vehicle market. In 2023, the company sold over 141,000 EVs, representing approximately 2% of China's passenger new energy vehicle market. The company is also a leader in autonomous driving technology.
In recent years, XPeng has achieved significant milestones. The company experienced rapid growth since its establishment and, by the end of last year, had a cumulative historical delivery volume exceeding 400,000. In 2023 alone, XPeng delivered more than 140,000 new vehicles.
A key aspect of XPeng's strategy is its entry into the Hong Kong market. This move is part of the company's broader global expansion efforts. In Hong Kong, XPeng has partnered with Sime Darby Motors to bring its latest smart EVs to local consumers through branded showrooms, after-sales support, and comprehensive buying process guidance.
XPeng models such as the pure electric SUV model G6 and the flagship pure electric seven-seater MPV X9 will be among the first to be introduced in Hong Kong, with deliveries starting from Q3. Additionally, XPeng is set to enter Macau with partner XIN KANG HENG HOLDING LTD, offering models like the G9, X9, G6, and P7i.
XPeng has also made strides in technology and innovation. During its AI Day event in May 2024, the company rolled out its AI-powered in-car operating system, XOS 5.1.0 or AI Tianji OS, highlighting its leadership in end-to-end AI model application in the automotive industry. The company aims to achieve nationwide road coverage for its advanced driver-assistance system, XNGP, by the third quarter of this year.
XPeng's commitment to innovation, technology, and customer experience positions it as a key player in the global smart EV market. With headquarters in Guangzhou and offices in Beijing, Shanghai, Silicon Valley, and Amsterdam, XPeng continues to advance its core technologies and expand its market presence.
XPeng Inc. has successfully completed its debut issuance of RMB964 million (approx. US$133.5 million) in carbon-neutral asset-backed securities (ABS) on the Shanghai Stock Exchange. This marks the company's second ABS issuance in China, following its first on the Shenzhen Stock Exchange earlier this year. The issuance achieved record-low coupon rates among Chinese emerging automakers, with rates of 2.80% and 3.00% for senior tranches rated AAA and AA+, respectively. XPeng's strong ESG initiatives contributed to this positive investor reception.
XPeng Inc. has secured the Guangzhou Intelligent Connected Vehicle Road Test Permit, making its G9 model the first unmodified commercial vehicle permitted for autonomous driving tests on public roads in China. This milestone advances XPeng's goal of mass-producing robotaxis and commercializing them as a service. The approval highlights the company's capabilities in autonomous driving technology and builds a foundation for future cost efficiencies. The G9 utilizes existing hardware and software upgrades to conduct the tests, aligning with XPeng's vision for smart mobility solutions.
XPeng Inc. reported strong delivery numbers for October 2022, with a total of 5,101 Smart EVs delivered, contributing to a year-to-date total of 103,654 vehicles, marking a 56% increase compared to the previous year. The G9 Flagship SUV began mass deliveries on
XPeng Inc. (NYSE: XPEV) showcased significant technological advancements at its 2022 Tech Day in Guangzhou, China. Highlights include the introduction of the XNGP driver assistance system, capable of navigating various driving scenarios without map reliance. The company also unveiled XNet, its next-gen neural network architecture, powered by supercomputing systems, enhancing autonomous driving capabilities. Major milestones include obtaining road test permits for its robotaxi and launching the world’s first eVToL flying car. These innovations aim to strengthen XPeng's competitive advantage in the smart EV sector.
XPeng Inc., a leading Chinese smart EV company, will host its 2022 TECH DAY event on October 24, 2022 in Guangzhou, China. The event will feature advancements in autonomous driving technology and intelligent EVs. The live broadcast will commence at 8:00 PM Beijing time and will be accessible online. An English replay will be available on October 25, 2022, starting at 12:00 PM Beijing time. For more information, visit XPeng's official website.
XPENG AEROHT, the largest flying car company in Asia and an affiliate of XPENG, successfully conducted the first public flight of its electric flying car, the XPENG X2, at Skydive Dubai. This milestone followed the achievement of a special flying permit from the Dubai Civil Aviation Authority. The event was attended by over 150 guests, including representatives from various Dubai authorities. The XPENG X2, designed for urban green transportation, features a minimalist design and operates both manually and autonomously, marking a significant step toward future mobility.
XPeng announced its vehicle delivery results for September 2022 and Q3 2022. The company delivered 8,468 vehicles in September, including 4,643 P7s, 2,417 P5s, and 1,233 G3i SUVs. In total, 29,570 vehicles were delivered in Q3, marking a 15% year-over-year increase. Year-to-date, deliveries stood at 98,553, up 75% year-over-year. XPeng also launched City NGP, its advanced urban driving technology, and introduced 480 kW S4 supercharging stations in five cities, planning to expand to over 50 by the end of the year.
XPeng delivered 8,468 vehicles in
XPeng Inc. (NYSE: XPEV), a prominent Chinese smart electric vehicle manufacturer, announced updates to its G9 Flagship SUV following its launch on September 21. The adjustments cater to high customer demand for specific tech configurations.
New versions include the 570 Plus, 570 Pro, 570 Max, 702 Pro, 702 Max, and 650 variants, with prices ranging from RMB 309,900 to RMB 469,900. Each version is equipped with advanced technology, including the XPILOT system and high-voltage platform.
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