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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 (NYSE: XPEV) has formed strategic partnerships in the Netherlands with Emil Frey and in Sweden with Bilia to enhance its distribution, sales, and service networks. This move is part of XPENG's effort to expand its European presence and introduces an innovative business model combining direct stores and agency collaborations. XPENG will open branded experience stores in both countries, with the first in the Netherlands set for March 2022. These partnerships aim to improve customer access to XPENG products and services, leveraging local expertise in the automotive retail sector.
XPeng Inc. (NYSE: XPEV, HKEX: 9868), a leading Chinese smart electric vehicle company, announced its inclusion in the Shenzhen-Hong Kong Stock Connect programs starting February 9, 2022. This milestone allows qualified Mainland Chinese investors to access XPeng's shares, enhancing its investor base and growth opportunities. Notably, XPeng is the first smart EV company listed in Hong Kong to join this program. The company's shares have been trading on the HKEX since July 7, 2021, and are fully fungible with its American Depositary Shares on the NYSE.
XPeng Inc. announced its vehicle delivery results for
XPENG, a Chinese smart electric vehicle company, has introduced an upgraded voice assistant for its P7 smart sedan, leveraging Microsoft's custom neural voice technology via Azure AI. This over-the-air (OTA) upgrade enhances voice interaction with lifelike fidelity and functionality, aiming to improve the user experience. The technology aims to minimize network reliance and enhance speech quality, indicating XPENG's commitment to integrating advanced AI solutions into its vehicles. Future updates are planned for other models.
XPeng Inc. announced record delivery figures for December 2021, achieving 16,000 Smart EVs, a 181% increase year-over-year. The company delivered 41,751 vehicles in Q4 2021, up 222% annually, and a total of 98,155 vehicles for the year, marking a 263% increase. Cumulative deliveries reached 137,953 by year-end. The December deliveries included 7,459 P7 sedans and 5,030 P5 family sedans, showcasing robust demand and growth amidst supply chain challenges.
XPeng Inc. announced the delivery of 15,613 Smart EVs in
XPeng Inc. reported its Q3 2021 results with 25,666 vehicle deliveries, marking a 199.2% increase year-over-year. Total revenues reached RMB5,719.9 million (US$887.7 million), up 187.4% from Q3 2020, while gross margin expanded to 14.4%. Despite strong delivery growth, the company posted a net loss of RMB1,594.8 million (US$247.5 million), an increase from the prior year. Looking ahead, XPeng anticipates Q4 vehicle deliveries between 34,500 and 36,500 and revenue between RMB7.1 billion and RMB7.5 billion.
XPeng Inc. unveiled its new G9 flagship smart SUV at the Guangzhou International Automobile Exhibition. This model is designed for both international and Chinese markets, complying with dual C-NCAP and E-NCAP safety standards and international environmental requirements. Key features include the advanced X-EEA 3.0 architecture, XPILOT 4.0 driver assistance, and XPower 3.0 supercharging technology. The G9 offers a stylish, minimalist design and has the capability to charge up to 200 km in just 5 minutes, reinforcing XPeng's commitment to sustainable mobility.
XPeng Inc. (NYSE: XPEV) is set to unveil its new smart electric vehicle at the 19th Guangzhou International Automobile Exhibition on November 19, 2021. The event will be led by Co-founder and President Henry Xia and will feature a live broadcast in Chinese at 11AM GMT+8, with an English replay available at 4PM GMT+8. This launch aims to strengthen XPeng's position in the rapidly growing electric vehicle market in China, targeting technology-savvy consumers.
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