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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. reported a record 10,412 vehicle deliveries in
XPeng Inc. has announced the upcoming showcase of its fifth-generation flying vehicle, the XPeng X2, at the 13th Airshow China 2021, starting on September 28 in Zhuhai, Guangdong. The X2 features autonomous flight capabilities, real-time environmental perception, and is powered by XPeng's supercharging technology. Weighing 560 kg, it can carry two passengers at speeds up to 130 km/h. This electric vehicle aims to revolutionize urban air mobility with zero carbon emissions and has already completed over 15,000 safe, manned flights.
XPeng Motors has officially launched its third production model, the XPeng P5 smart family sedan, enhancing smart EV technology and safety. Available in six configurations, prices range from RMB 157,900 to RMB 223,900 (US$24,484 to US$34,717), with deliveries to commence in China at the end of October 2021. The P5 features advanced driver assistance technologies, including LiDAR for improved safety and navigation. Notably, it includes a reconfigurable interior, enhancing user comfort and versatility.
XPeng Inc. (NYSE: XPEV) is set to debut its third production model, the XPeng P5 smart family sedan, on September 15, 2021, in China. Customer deliveries are expected to commence in October 2021. The P5, recognized as the world’s first mass-produced smart car equipped with LiDAR, has already garnered strong pre-sale interest with prices ranging from RMB160,000 to 230,000. The launch event will be live-streamed at 7:30 PM Beijing time.
XPeng Inc. reported impressive vehicle delivery results for
XPeng Inc. (XPEV) announced impressive financial results for Q2 2021, highlighting a record delivery of 17,398 vehicles, up 439% year-over-year. Total revenues surged to RMB3,761.3 million (US$582.5 million), reflecting a 536.7% increase from Q2 2020. Gross margin improved to 11.9%, compared to a loss in the same period last year. Despite these gains, net loss reached RMB1,194.6 million (US$185.0 million). Looking ahead to Q3 2021, XPeng projects deliveries between 21,500 and 22,500 vehicles, with revenues estimated between RMB4.8 billion and RMB5.0 billion.
XPeng Inc. has commenced its first export of the P7 smart sedan to Norway, marking a significant step in its international expansion. The first deliveries are anticipated in Q4 2021. The P7, following the G3 SUV's success in Norway, highlights XPeng's commitment to global market growth, with over 40,000 units delivered in China since mid-2020. The vehicle boasts advanced features tailored for local preferences, including a long-range battery and a smart cockpit. XPeng aims to strengthen its presence in Norway, leveraging the country's robust EV adoption and infrastructure.
XPeng Inc. (NYSE: XPEV) has commenced the Phase Two expansion of its Zhaoqing Smart EV Manufacturing Base in Guangdong Province. This project, supported by the Zhaoqing Municipal Government, will double the production capacity from 100,000 to 200,000 units annually. The expansion aims to meet the growing consumer demand for XPeng's smart electric vehicles, enhancing its market position. XPeng's ongoing commitment to innovation in autonomous driving technology and smart EVs continues to drive its development strategy.
XPeng Inc. (NYSE: XPEV) has announced that it will report its second quarter 2021 unaudited financial results on August 26, 2021, before the U.S. market opens. An earnings conference call will be held at 8:00 AM U.S. Eastern Time on the same day, with various international dial-in options provided. The call will be available for replay until September 2, 2021. XPeng is a prominent Chinese Smart EV company focused on developing advanced electric vehicles and autonomous driving technology, aiming to enhance the mobility experience.
XPeng Inc. (NYSE: XPEV) reported record vehicle deliveries for July 2021, achieving 8,040 Smart EVs, a remarkable 228% year-over-year increase and a 22% rise from the previous month. The July figures included 6,054 P7s and 1,986 G3s. Year-to-date deliveries reached 38,778 units, up 388% year-over-year. The company also introduced the G3i facelift and announced the P5 sedan’s presale prices, expected to launch in Q3 2021, featuring auto-grade LiDAR technology.
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