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 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.
XPeng Inc. reported a robust performance in March 2022, delivering 15,414 Smart EVs, marking a 202% increase year-over-year and a 148% month-over-month growth. For Q1 2022, total deliveries reached 34,561 vehicles, reflecting a 159% increase year-over-year. Among March deliveries, the P7 smart sports sedan saw an impressive milestone with over 9,000 units delivered. As of March 31, 2022, cumulative deliveries stood at 172,514 vehicles.
XPeng reported its fourth-quarter 2021 results showcasing robust growth. Quarterly vehicle deliveries reached 41,751, up 222% year-over-year, contributing to total revenues of RMB8,556.0 million (US$1,342.6 million), a 200.1% increase. The gross margin improved to 12.0%, up 4.6 percentage points year-over-year. Despite strong revenue growth, the company reported a net loss of RMB1,287.2 million (US$202.0 million). For the full year, XPeng delivered 98,155 vehicles, achieving total revenues of RMB20,988.1 million and a 12.5% gross margin.
The XPENG P7 smart sports sedan has become the first Chinese pure-EV model to achieve the production milestone of 100,000 units, reaching this mark in just 695 days since its launch on April 27, 2020. This accomplishment highlights the P7's recognition by customers for its quality and smart features, as well as XPENG's efficient production and supply chain. Additionally, the company launched the P7 562E Black Label Edition, which is set to debut on April 10, 2022, further expanding their EV offerings.
Rockets Capital announced the successful first closing of over US$200 million in capital commitments, led by strategic anchor investor XPeng Inc. (NYSE: XPEV). The fund focuses on venture and growth investments in the Smart EV sector and clean energy. Rockets Capital aims to leverage XPeng's expertise to nurture new technologies and provide strong investment returns. The fund's team comprises experienced professionals from leading Smart EV firms.
XPENG, a smart electric vehicle leader, has joined three prominent European automobile associations:
FAQ
What is the current stock price of XPeng American depositary shares, each representing two (XPEV)?
What is the market cap of XPeng American depositary shares, each representing two (XPEV)?
What is XPeng Inc.?
When was XPeng Inc. established?
What are XPeng's main products?
Who are XPeng's target customers?
What recent milestone has XPeng achieved?
What partnerships has XPeng formed for its market expansion?
What technology advancements has XPeng made?
Where is XPeng headquartered?
What is XPeng's mission?
How can I contact XPeng for investor enquiries?
