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.
The XPeng P7 has achieved a remarkable 5-star safety rating with a total score of 89.4% and the highest active safety score of 98.51% among electric vehicles in China, according to C-NCAP results. The P7 scored 92.61% in occupant protection, excelling in frontal and side impact tests. Its engineering includes advanced collision prevention features, minimizing injury risk. XPeng's commitment to safety is reflected in two years of optimization and extensive testing, ensuring top-tier protection for occupants.
XPeng Inc. (NYSE: XPEV) launched the presale of its P5 smart sedan on July 17, with a price range of RMB 160,000 to RMB 230,000. The P5, equipped with advanced LiDAR technology, offers six versions and is designed to enhance autonomous driving features with XPILOT 3.5. The model aims to enrich XPeng's product line and redefine driving experiences through a multi-functional digital cockpit. Consumer response has been enthusiastic, particularly for LiDAR-equipped versions, with official deliveries expected in Q4 2021.
XPeng Inc. (NYSE: XPEV) announced that its P7 electric sports sedan has received a 5-star rating from the i-VISTA intelligent vehicle testing platform, becoming the first vehicle in China to achieve this rating. The P7 excelled in areas such as smart driving, safety, interaction, and energy efficiency, gaining 'Excellent' ratings across multiple categories including lane change assist and AEB emergency braking. The vehicle boasts advanced autonomous driving features powered by a range of sensors and a high-performance Qualcomm chip, enhancing its interactive capabilities and driving experience.
XPeng Inc., a prominent Chinese smart electric vehicle company, has launched the G3i smart SUV, a revamped version of the original G3, priced between RMB149,800 and RMB185,800 post-subsidies. Deliveries are set to commence in September 2021. The G3i features a modern exterior design, enhanced intelligent systems, and an advanced autonomous driving assistance system. The original G3 has been successful in the market, ranking first in insurance registrations for A-class pure electric SUVs in Q1 2021. XPeng aims to attract younger consumers with over 50 customizable design options.
XPeng Inc. (NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle company, will be added to the Hang Seng Composite Index after market close on July 20, 2021. This inclusion is a result of meeting the Fast Entry Rule, effective July 21, 2021. XPeng will also join the Hang Seng Composite Industry Index - Consumer Discretionary and several other indices. This milestone marks XPeng as the first Smart EV company dual-listed on NYSE and HKEX, enhancing capital access and diversifying its investor base.
XPeng Inc. (NYSE: XPEV) reported a record of 6,565 Smart EV deliveries in June 2021, reflecting a remarkable 617% increase year-over-year and a 15% rise from May 2021. The total for Q2 2021 reached 17,398 deliveries, a 439% surge from the previous year. The June numbers comprised 4,730 P7s and 1,835 G3s, boosting year-to-date deliveries to 30,738 units, up 459%. The company plans to launch the G3i SUV in July and P5 sedan in Q3 2021, featuring advanced LiDAR technology. XPeng aims to drive innovation in the smart EV sector.
XPeng Inc. (NYSE: XPEV) has priced its global offering of 85 million shares at HK$165.00 each, approximately US$42.52 per American depositary share (ADS). The gross proceeds are expected to be around HK$14,025 million before fees. The offering consists of both an international and Hong Kong public offering, with shares set to trade on the Hong Kong Stock Exchange starting July 7, 2021. Proceeds will fund product portfolio expansion, advanced technology development, and enhance production capabilities.
XPeng Inc. (NYSE: XPEV) has announced the launch of a Hong Kong public offering as part of a global offering of 85 million new Class A ordinary shares. The Hong Kong offering will consist of 4.25 million shares available to the public and up to 17 million shares subject to adjustments, with a maximum offer price of HK$180.00 per share. Proceeds will be used to enhance product development, marketing strategies, and production capabilities. The offering commences on June 25, 2021, and concludes on June 30, 2021, with shares convertible between Hong Kong and NYSE listings.
XPeng Inc. (NYSE: XPEV) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 16, 2021. The report includes audited consolidated statements and can be accessed through the SEC's website and XPeng's investor relations site. Shareholders can request a free hard copy of the report via email or mail. XPeng specializes in Smart EVs, aiming to drive transformation in the automotive experience using advanced technology and data. The company is headquartered in Guangzhou, China, with manufacturing in Zhaoqing and Zhengzhou.
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