Welcome to our dedicated page for Xpeng news (Ticker: XPEV), a resource for investors and traders seeking the latest updates and insights on Xpeng stock.
XPeng Inc. reports developments in its Smart EV and new energy vehicle business, including vehicle delivery results, quarterly and annual financial results, product introductions and international market activity. The company designs, develops, manufactures and markets Smart EVs and NEVs, with vehicles mainly produced at plants in Zhaoqing and Guangzhou, Guangdong province.
Recurring XPeng news also covers its in-house full-stack advanced driver-assistance technology, in-car intelligent operating system, powertrain systems and electrical/electronic architecture. Company updates include the VLA intelligent-driving system, flagship vehicle models such as the GX, P7, MONA M03 and X9, and Physical AI initiatives that include humanoid robotics and aerial mobility products. ESG reporting, annual report filings and ADR-related shareholder communications are recurring corporate disclosure themes.
The XPENG P7 smart sports sedan has become the first Chinese pure-EV model to achieve the production milestone of 100,000 units, reaching this mark in just 695 days since its launch on April 27, 2020. This accomplishment highlights the P7's recognition by customers for its quality and smart features, as well as XPENG's efficient production and supply chain. Additionally, the company launched the P7 562E Black Label Edition, which is set to debut on April 10, 2022, further expanding their EV offerings.
Rockets Capital announced the successful first closing of over US$200 million in capital commitments, led by strategic anchor investor XPeng Inc. (NYSE: XPEV). The fund focuses on venture and growth investments in the Smart EV sector and clean energy. Rockets Capital aims to leverage XPeng's expertise to nurture new technologies and provide strong investment returns. The fund's team comprises experienced professionals from leading Smart EV firms.
XPENG, a smart electric vehicle leader, has joined three prominent European automobile associations: AVERE, Royal RAI Vereniging, and BIL Sweden. This membership emphasizes the company's commitment to sustainable mobility in Europe. XPENG aims to leverage its expertise in innovative technology to contribute to the European Commission's Sustainable Mobility Strategy. Executives from XPENG expressed excitement about collaborating with industry stakeholders to advance electrification and automation in the automotive sector.
XPENG has launched its latest smart EV model, the XPENG P5 sedan, in Denmark, the Netherlands, Norway, and Sweden, marking a significant step in its European expansion. The company also opened its second Experience Store in Europe, located at Westfield Mall in the Netherlands. The P5 features advanced driver assistance technology and a driving range of 465 km, underpinned by a 66 kWh battery. Reservations for the P5 are available online, with test drives starting in April 2022.
XPeng Inc. (NYSE: XPEV) will report its Q4 and FY 2021 unaudited financial results on March 28, 2022, before U.S. market opens. An earnings call is scheduled at 8:00 AM ET on the same day, allowing investors to gain insights into the company's performance. For participation, dial-in details are provided for various regions, and an archived webcast will be available on the company's investor relations website. XPeng continues to focus on developing Smart EVs with advanced technology to meet the growing demand from tech-savvy consumers.
XPeng Inc. reported a significant milestone with 6,225 vehicle deliveries in February 2022, marking a 180% year-over-year increase. This includes 3,537 P7 sports sedans (up 151% year-over-year) and 2,059 P5 family sedans. The company also completed a technology upgrade at its Zhaoqing plant, preparing to address a growing order backlog. Additionally, XPeng is set to join the Hang Seng TECH Index on March 7, 2022, enhancing its visibility among investors.
XPeng Inc. successfully concluded the issuance of RMB775 million ($122 million) in automobile leasing asset-backed securities (ABS), marking its inaugural ABS in the home capital market.
This issuance, the first carbon-neutral automobile ABS on the Shenzhen Stock Exchange, reflects XPeng's commitment to sustainability and ESG initiatives. The ABS attracted significant institutional interest, achieving the lowest coupon rates among Chinese emerging automakers, with the senior A tranche at 3.00% and senior B tranche at 3.50%. Furthermore, XPeng will be included in the Hang Seng TECH Index effective March 2022.
XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle manufacturer, will be included in the Hang Seng TECH Index effective March 7, 2022. This addition highlights XPeng's status as a technology leader in smart mobility and signifies investor confidence in its future prospects. The Hang Seng TECH Index represents the top 30 technology firms in Hong Kong, and the inclusion of 'Autonomous' technology as a theme underscores XPeng's commitment to innovation in self-driving and smart vehicles. XPeng aims to transform smart mobility through advanced technology.
XPENG (NYSE: XPEV) has formed strategic partnerships in the Netherlands with Emil Frey and in Sweden with Bilia to enhance its distribution, sales, and service networks. This move is part of XPENG's effort to expand its European presence and introduces an innovative business model combining direct stores and agency collaborations. XPENG will open branded experience stores in both countries, with the first in the Netherlands set for March 2022. These partnerships aim to improve customer access to XPENG products and services, leveraging local expertise in the automotive retail sector.
XPeng Inc. (NYSE: XPEV, HKEX: 9868), a leading Chinese smart electric vehicle company, announced its inclusion in the Shenzhen-Hong Kong Stock Connect programs starting February 9, 2022. This milestone allows qualified Mainland Chinese investors to access XPeng's shares, enhancing its investor base and growth opportunities. Notably, XPeng is the first smart EV company listed in Hong Kong to join this program. The company's shares have been trading on the HKEX since July 7, 2021, and are fully fungible with its American Depositary Shares on the NYSE.