Xpeng Inc Stock Price, News & Analysis

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 August 2021, delivering 7,214 Smart EVs, a 172% increase year-over-year. Notably, P7 deliveries hit a record 6,165 units, marking a 209% rise. Year-to-date, total deliveries reached 45,992 vehicles, up 334% year-over-year. The company is transitioning G3 production to the G3i model, affecting some August deliveries, with expectations to commence G3i deliveries in September. Additionally, the P5 family sedan is set to launch on September 15, with deliveries starting in October.

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.

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.