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 (NYSE: XPEV, HKEX: 9868), a leading Chinese smart electric vehicle company, has scheduled its third quarter 2024 earnings release for Tuesday, November 19, 2024, before U.S. markets open. The management will host an earnings conference call at 8:00 AM ET (9:00 PM Beijing/Hong Kong Time) on the same day. A live and archived webcast will be available on the company's investor relations website, with a replay accessible until November 26, 2024.
XPENG announced record-breaking vehicle delivery results for September and Q3 2024. September deliveries reached 21,352 units, a 39% year-over-year increase and 52% month-over-month growth. The newly launched XPENG MONA M03 exceeded 10,000 deliveries in its first month. Q3 2024 saw 46,533 units delivered, up 16% year-over-year. For the first nine months of 2024, deliveries totaled 98,561 units, a 21% increase from the previous year.
The company reported strong demand for the MONA M03, citing its competitive pricing and superior configurations. XPENG's XNGP system achieved an 83% monthly active user penetration rate in urban driving. The AI Tianji XOS 5.3 update was rolled out, offering 32 feature updates and 38 functional upgrades. XPENG also expanded into Spanish and Portuguese markets with the G9, G6, and P7 models. The company plans to unveil the AI-defined XPENG P7+ in October and participate in the 2024 Paris Motor Show.
XPENG Motors (NYSE: XPEV, HKEX: 9868), a leading Chinese AI mobility company, is set to showcase its latest innovations at the Paris Motor Show 2024 from October 14th to 20th. Under the theme 'Enchanté, Paris!', XPENG will unveil:
1. Next-generation smart in-car operating system, Tianji XOS 5.4, tailored for the European market
2. Advanced smart cockpit with personalized customization options
3. Roadmap for expanded AI integration
4. Latest vehicle model incorporating these advancements
XPENG's participation underscores its commitment to expanding globally and becoming a leader in AI-powered mobility. The company's press conference will take place on October 14th at their booth in Hall 6 of Paris Expo Porte de Versailles.
XPENG (NYSE: XPEV, HKEX: 9868) reported 14,036 Smart EV deliveries in August 2024, marking a 3% year-over-year increase and a 26% rise from the previous month. Year-to-date deliveries reached 77,209 units, up 17% from the same period last year. The company launched its MONA M03 intelligent all-electric hatchback coupe, priced between RMB119,800 and RMB155,800, featuring high-level ADAS functionality for under RMB200,000. XPENG announced its goal to become a global AI-defined automotive company, unveiling new AI technologies including the XPENG Turing chip and next-generation AI Hawkeye Visual Solution. The company also reported an 85% monthly active user penetration rate for XNGP in urban driving.
XPENG, a leading Chinese Smart EV company, celebrated its 10th anniversary with significant announcements:
- Launched MONA M03, an intelligent all-electric hatchback coupe priced between RMB 119,800 and 155,800
- Unveiled XPENG Turing, the world's first 40-core chip for AI models in vehicles, robots, and eVOTLs
- Introduced AI Hawkeye Visual Solution, a next-gen AI-powered perception system for smart driving
- Announced a 4-phase plan to achieve L3+ smart driving experience using L2 hardware within 18 months
The MONA M03 features advanced design, smart driving capabilities, and spacious interiors. XPENG aims to become a global technology company centered on AI-powered vehicles, predicting annual sales of 1 million AI-powered vehicles and half of its sales from overseas markets in the next decade.
XPENG, a leading Chinese Smart EV company, is set to launch its intelligent all-electric hatchback coupe, the MONA M03, at its 10th Anniversary Gala Night on August 27, 2024. The event will be live-broadcasted from China at 7:00 PM Beijing Time (7:00 AM US Eastern Daylight Time). For international audiences, an English-language replay will be available on September 2, 2024, at 8:00 PM Beijing Time (8:00 AM US Eastern Daylight Time).
The launch event can be viewed on XPENG's official website, IR website, and social media platforms. This milestone event marks a significant step in XPENG's product lineup expansion and showcases the company's commitment to innovation in the electric vehicle market.
XPENG (NYSE: XPEV) reported Q2 2024 financial results, showing significant growth:
- Total revenues: RMB8.11 billion (US$1.12 billion), up 60.2% YoY
- Vehicle sales: RMB6.82 billion (US$0.94 billion), up 54.1% YoY
- Gross margin: 14.0%, up from -3.9% in Q2 2023
- Vehicle deliveries: 30,207, up 30.2% YoY
- Net loss narrowed to RMB1.28 billion (US$0.18 billion)
Cash position remains strong at RMB37.33 billion (US$5.14 billion). XPENG expanded its sales network to 611 stores and 1,298 charging stations. The company expects Q3 2024 deliveries between 41,000-45,000 vehicles and revenues of RMB9.1-9.8 billion.
XPENG Motors (NYSE: XPEV, HKEX: 9868) has launched its Tianji XOS 5.2 Over-the-Air (OTA) upgrade globally on August 15, 2024. This update introduces enhanced Smart Cockpit and Intelligent Driving features powered by AI technology. The upgrade follows a 28-day beta test with global users, incorporating nearly 100 feedback items. XPENG plans to roll out at least four OTA updates in the coming year.
The company hosted its first global user OTA salon in Denmark, focusing on customer feedback and advancing smart mobility worldwide. The event included presentations, Q&A sessions, and hands-on experiences, addressing 82% of Danish customers' feedback. XPENG's CEO, He Xiaopeng, emphasized the company's commitment to user-driven innovation and sustainable mobility solutions.
XPENG (NYSE: XPEV, HKEX: 9868), a leading Chinese Smart EV company, has announced it will report its second quarter 2024 unaudited financial results on Tuesday, August 20, 2024, before U.S. markets open. The company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) on the same day.
Participants can join the call by phone through a pre-registration link. A live and archived webcast of the conference call will be available on XPENG's investor relations website. A replay of the call will be accessible until August 27, 2024, via specific telephone numbers for different regions.
XPENG, a leading Chinese Smart EV company, reported its July 2024 vehicle delivery results. The company delivered 11,145 Smart EVs, marking a 1% year-over-year and 4% month-over-month increase. This represents the fifth consecutive month of growth in both metrics. For the first seven months of 2024, XPENG delivered 63,173 vehicles, a 20% year-over-year increase.
The XPENG X9 model contributed 1,459 units to July's deliveries, bringing its total to 14,602 since its January launch. XPENG's XNGP technology saw an 84% monthly active user penetration rate in urban driving. The company also announced a strategic upgrade to XNGP, offering nationwide access on all public roads. By Q4 2024, XPENG aims to provide a 'door-to-door' smart driving experience. Additionally, display cars for the new XPENG MONA M03 model will be available in showrooms starting August 1, 2024.
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