Xpeng Inc Stock Price, News & Analysis

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.

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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.

XPeng Inc. reported a record 10,412 vehicle deliveries in September 2021, marking a remarkable 199% increase year-over-year and a 44% increase from the previous month. The company achieved a quarterly milestone with 25,666 deliveries in Q3 2021, also reflecting a 199% year-over-year growth. Year-to-date deliveries totaled 56,404, a staggering 301% increase from the prior year. Notably, the P7 model was a significant contributor, reaching 7,512 deliveries in September alone.

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 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.