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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 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.
XPeng Inc. (NYSE: XPEV) plans to report its third quarter 2021 unaudited financial results on November 23, 2021, before the U.S. market opens. The earnings conference call will take place at 8:00 AM ET on the same day, with dial-in details provided for participants in the U.S., UK, and internationally. A live and archived webcast of the call will be available on the company's investor relations website. XPeng is a leading smart electric vehicle company based in Guangzhou, China, focusing on technology-driven automotive solutions.
XPeng Inc. announced its delivery results for
XPeng Inc. (NYSE: XPEV) showcased significant advancements at its 1024 Tech Day in Guangzhou, including the rollout of XPILOT 4.0 in 1H 2023 and innovations in high-voltage supercharging technology. The company announced design plans for a new flying car and introduced autonomous robotic technology, aiming to enhance its smart mobility ecosystem. XPILOT 3.0 has successfully assisted over 11 million kilometers of driving, indicating strong customer adoption and technological leadership in smart driver assistance.
XPeng Inc. (NYSE: XPEV) will host its 2021 TECH DAY event on October 24, 2021, in Guangzhou, China. Chairman and CEO HE Xiaopeng will discuss the company's strategic initiatives, including advancements in smart electric vehicles and autonomous driving technology. The live event in Chinese starts at 10:00 a.m. Beijing time, with English replay available from October 25.
For more details, visit: Business Wire.
XPeng Inc. (NYSE: XPEV) has released its inaugural Environmental, Social, and Governance (ESG) Report, showcasing its commitment to sustainability. Notably, XPeng achieved an 'AA' MSCI ESG rating for the second consecutive year, leading all automotive companies globally. The company highlighted key metrics such as a 5,520-ton reduction in CO2 emissions in 2020 and a 100% recycling rate for solid waste as of May 2021. XPeng has also maintained exceptional safety records and continues to prioritize an inclusive company culture.
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