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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 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.
XPeng Inc. has unveiled the G9 Flagship SUV, accessible in three series and six configurations, with a starting price of 309,900 to 469,900 RMB. Notably, the G9 is recognized as the world's fastest-charging mass-production SUV, capable of charging from 10–80% in just 15-20 minutes. It features an industry-first full-scenario Advanced Driver Assistance System (ADAS) and a luxurious 5D smart cabin experience. The G9 offers a maximum CLTC range of 702 km, a dual motor output of 405 kW, and advanced voice assistance technology, positioning it as a benchmark for smart electric vehicles.
XPeng Inc. has launched a pilot program for its City Navigation Guided Pilot (City NGP), marking it as the first Chinese automaker to deploy an advanced driver-assistance system (ADAS) for urban driving scenarios. The program initially includes Guangzhou-based XPeng P5 customers, who will receive this feature via over-the-air updates. City NGP allows vehicles to manage various driving tasks through advanced sensor technology, enhancing safety and driving experience. The feature will eventually be available in XPeng's upcoming G9 SUV, to be launched on September 21.
XPeng Inc. (NYSE: XPEV), a prominent Chinese Smart EV company, will launch its fourth production model, the G9 SUV, on September 21, 2022. The launch event is scheduled to be broadcast live at 07:00 p.m. Beijing time (GMT+8) or 07:00 a.m. US Eastern Time. XPeng focuses on designing and manufacturing Smart EVs for tech-savvy consumers, with its headquarters in Guangzhou and manufacturing facility in Zhaoqing, Guangdong province. The company aims to drive Smart EV transformation through advanced technology and data.
XPeng Inc. reported strong vehicle delivery results for
XPeng Inc. reported total revenues of RMB7,436.3 million for Q2 2022, marking a 97.7% increase year-over-year.
Vehicle deliveries reached 34,422, a 98% year-over-year rise, with P7 and P5 models driving growth.
However, gross margin fell to 10.9%, down from 11.9% a year ago, and a net loss of RMB2,700.9 million was reported.
Cash reserves stood at RMB41,339.3 million. The outlook for Q3 expects vehicle deliveries between 29,000 and 31,000.
XPENG Inc. has unveiled its new all-electric SUV, the G9, set to launch in China this September. The G9 features a premium cabin designed for comfort, making it a VIP-style experience for passengers. It stands out as the world's fastest-charging mass-produced EV, capable of adding 200 km of range in just five minutes. The SUV also includes industry-leading Advanced Driver Assistance System (ADAS) technology, allowing seamless driving transitions. With a maximum range of 702 km and an impressive performance benchmark, the G9 aims to enhance the electric vehicle market.
XPeng Inc. will report its Q2 2022 unaudited financial results on August 23, 2022, before the U.S. markets open. An earnings conference call is scheduled at 8:00 a.m. ET on the same day. Participants can join by pre-registering via a provided link. The call will be available for replay until August 30, 2022. XPeng designs and manufactures smart electric vehicles, aiming to enhance the mobility experience through advanced technology and data integration.
XPeng Inc. (NYSE: XPEV) delivered 11,524 Smart EVs in July 2022, marking a 43% year-over-year increase. In total, 80,507 vehicles were delivered in the first seven months, reflecting a 108% growth year-over-year, securing the top position among emerging auto brands in China. July deliveries included 6,397 P7s, 3,608 P5s, and 1,519 G3i SUVs. XPeng plans to accept reservations for its flagship G9 SUV in August, with an official launch in September 2022.
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