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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 Robotics, part of XPeng Inc., has secured over US$100 million in Series A funding, marking the largest single-tranche fundraising for the bionic robot sector in China within the last two years. This financing, led by IDG Capital, aims to enhance R&D in robotic hardware and software, accelerate product development, and attract top talent. The company envisions intelligent robots entering households within two years, significantly impacting daily lifestyles. XPENG Robotics is committed to innovation in the household robot market.
XPeng (NYSE: XPEV) reported significant growth in vehicle deliveries, with 15,295 vehicles delivered in
XPENG has successfully reached a milestone of 200,000 cumulative smart EV deliveries, showcasing the trust of its customers. The company, which began production in December 2018, delivered 98,155 smart EVs in 2021 alone, outperforming other emerging EV brands in China. XPENG plans to launch its advanced driver assistance feature, City Navigation Guided Pilot, and the flagship SUV, XPENG G9, equipped with next-generation technology in the upcoming months. This achievement confirms XPENG's reliability and commitment to innovation in the smart EV market.
XPeng Inc. (NYSE: XPEV) reported a robust delivery performance in
XPeng Inc. (NYSE: XPEV), a top Chinese smart electric vehicle company, released its 2021 Environmental, Social and Governance (ESG) Report, highlighting its commitment to sustainability and innovation. The report reveals that XPeng's Smart EVs are projected to reduce CO2 emissions by approximately 1 million metric tons over their life cycle, and the company has cut energy consumption density by 50% year-over-year. XPeng emphasizes its leadership in the Smart EV sector, showcasing significant achievements in product safety and quality, including multiple industry awards.
XPeng reported its Q1 2022 financial results with total revenues of RMB7,454.9 million, marking a 152.6% year-over-year increase. Vehicle deliveries surged to 34,561, a 159% increase year-over-year. The gross margin improved to 12.2%. However, the company faced a net loss of RMB1,700.8 million, increasing 116.2% year-over-year. Despite challenges like semiconductor shortages, XPeng continues to expand its market share with plans for advanced driver-assistant systems. The company expects Q2 2022 vehicle deliveries between 31,000 and 34,000.
XPeng Inc. (NYSE: XPEV) reported impressive vehicle delivery results for
XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, will report its first quarter 2022 unaudited financial results on May 23, 2022, before the U.S. market opens. The management will host a conference call at 8:00 AM ET on the same day. Interested parties can join via various dial-in numbers provided for the U.S., UK, and international callers. A live webcast of the call will be accessible on the company's investor relations website, with a replay available until May 30, 2022.
XPeng Inc. (NYSE: XPEV), a leading smart electric vehicle company in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. This report includes the Company’s audited consolidated financial statements and is available on the SEC website and the Company's investor relations site. Shareholders can request a hard copy of the report free of charge. XPeng focuses on technology-driven smart EV solutions and aims to enhance customer mobility experiences.
XPeng Inc. (NYSE: XPEV) announced a strategic cooperation agreement with the Agricultural Bank of China (ABC) Guangdong Branch, securing a comprehensive credit line of up to RMB7.5 billion. This credit will support its subsidiaries and affiliates in China, reflecting the financial institution's trust in XPeng's fundamentals. The agreement aims to diversify funding channels and enhance cash management efficiencies. In 2021, XPeng delivered 98,155 smart EVs, a 263% increase from 2020, with total revenue exceeding RMB20 billion, marking a 259% year-on-year growth.
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