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 Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, has priced its underwritten follow-on offering of 48,000,000 American Depositary Shares (ADSs) at $45.00 each, aiming for gross proceeds of approximately $2.2 billion. The offering may close on December 11, 2020. Funds will be utilized for research and development of Smart EVs, marketing expansion, strategic tech investments, and general corporate purposes. The joint bookrunners for the offering include major financial firms such as Credit Suisse and J.P. Morgan.
XPeng Inc. (NYSE: XPEV) announced an intention to offer 40,000,000 American Depositary Shares (ADSs), each representing two Class A ordinary shares, in an underwritten public offering. Underwriters have a 30-day option to purchase up to an additional 6,000,000 ADSs. Proceeds will support the development of Smart EVs, marketing efforts, and strategic investments in core technologies. Credit Suisse, J.P. Morgan, BofA Securities, and Citigroup are joint bookrunners. The registration statement for this offering is filed with the SEC and is not yet effective.
Xpeng Inc. (NYSE: XPEV) reported vehicle deliveries of 4,224 Smart EVs for November 2020, a remarkable 342% year-over-year increase. This includes 2,732 deliveries of the P7 sports sedan and 1,492 of the G3 compact SUV. Year-to-date deliveries reached 21,341 units, marking an 87% increase from the previous year, with 11,371 P7s delivered since mass delivery began in June 2020. Xpeng focuses on technology-driven Smart EV transformation and develops its own autonomous driving technology and operating systems.
Xpeng Inc. (NYSE: XPEV) has launched the P7 Wing, a limited edition model of its P7 smart electric vehicle, at the 2020 Auto Guangzhou show. This edition features a sporty design with unique scissor-style front doors, available in high-performance four-wheel drive and super-long range rear-wheel drive versions, priced at RMB409,000 and RMB366,900 post-subsidies, respectively. It includes XPILOT 3.0 technology and a premium Dynaudio sound system. The P7 Wing allows for personalized door operations and offers multiple unlocking methods, enhancing exclusivity for owners.
Xpeng Inc. (NYSE: XPEV) has unveiled its next-generation autonomous driving architecture, highlighted by the adoption of Lidar technology. This breakthrough in hardware enhances high-precision object recognition and safety in Smart EVs. Key advancements include:
- 32 sensors for robust safety
- 5G RTK positioning for centimeter-level accuracy
- Enhanced perception fusion for improved detection in low-light conditions
- Increased computing power set to exceed 200 TOPS
These developments aim to enable efficient, safer autonomous driving across diverse conditions.
XPeng Inc. (XPEV) announced its third-quarter financial results for 2020, showcasing a 342.5% increase in total revenues to RMB1,990.1 million (US$293.1 million) from RMB449.7 million in Q3 2019. Vehicle deliveries surged 265.8% year-over-year to 8,578 units, with the P7 model accounting for 6,210 of those deliveries. However, the company reported a net loss of RMB1,148.8 million (US$169.2 million). Looking ahead, XPeng anticipates approximately 10,000 vehicle deliveries and revenues of RMB2,200 million in Q4 2020, reflecting significant growth expectations.
XPeng Inc. (XPEV) reported impressive vehicle delivery results for October 2020, with a total of 3,040 Smart EVs delivered, marking a 229% year-over-year increase. The P7 model accounted for 2,104 deliveries, while 936 G3s were sold. Year-to-date deliveries reached 17,117 units, up 64% from 2019. Despite challenges from the Golden Week holiday, the company notes robust demand for its vehicles and efficient production, achieving a milestone of 10,000 P7s produced within just 160 days of mass production commencement.
XPeng Inc. (NYSE: XPEV) announced it will report its third quarter 2020 unaudited financial results on November 12, 2020, before U.S. market open. A conference call is scheduled for the same day at 8:00 AM ET to discuss the results with investors. The earnings report will provide insights on XPeng's performance in the growing Chinese smart electric vehicle market, as the company aims to enhance its position with advanced technology and strong consumer appeal.
XPeng Inc. (NYSE: XPEV) has achieved a significant milestone by completing the production of its 10,000th P7 smart EV sedan at its Zhaoqing factory on October 20, 2020. This accomplishment was reached ahead of schedule, showcasing XPeng's strong supply chain management and manufacturing capabilities. The P7 offers an impressive 706km driving range, the longest among production EVs in China, and features advanced autonomous driving technology. The factory, which received its production license in May, completed the 10,000 units in just 160 days, setting a record in the new EV sector.
XPeng Inc. (NYSE: XPEV) announced record vehicle deliveries for September 2020, with 3,478 Smart EVs delivered, marking a 31% increase from August and a 145% increase year-over-year. In Q3 2020, total deliveries reached 8,578 Smart EVs, up 266% from the previous year. The deliveries included 6,210 P7s and 2,368 G3s. Additionally, XPeng began construction on a new Smart EV manufacturing base in Guangzhou, expected to enhance production capabilities by December 2022.
FAQ
What is the current stock price of XPeng American depositary shares, each representing two (XPEV)?
What is the market cap of XPeng American depositary shares, each representing two (XPEV)?
What is XPeng Inc.?
When was XPeng Inc. established?
What are XPeng's main products?
Who are XPeng's target customers?
What recent milestone has XPeng achieved?
What partnerships has XPeng formed for its market expansion?
What technology advancements has XPeng made?
Where is XPeng headquartered?
What is XPeng's mission?
How can I contact XPeng for investor enquiries?
