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. (XPEV) is a leading innovator in smart electric vehicles, integrating advanced autonomous driving systems with AI-powered mobility solutions. This dedicated news hub provides investors and industry observers with essential updates on XPeng's technological advancements, market strategies, and operational milestones.
Access authoritative coverage of XPeng's quarterly financial results, vehicle technology breakthroughs, manufacturing expansions, and strategic partnerships. Our curated collection includes official press releases about new model launches, software updates for XPeng's Navigation Guided Pilot system, and international market entries across Europe and Asia.
Stay informed about developments in XPeng's full-stack autonomous driving research, battery technology innovations, and smart manufacturing processes. The resource is particularly valuable for tracking the company's progress in ADAS capabilities and its competition within the global smart EV sector.
Bookmark this page for streamlined access to XPeng's latest business updates, regulatory filings, and leadership announcements. Regularly updated content ensures you maintain current awareness of this dynamic company's position in the evolving electric vehicle industry.
XPeng Inc. (NYSE: XPEV) announced a strategic cooperation with Guangdong Yuecai Investment Holdings, securing an investment of RMB500 million from the Guangdong Industrial Development Fund. This investment will boost XPeng's subsidiary operations in China, enhancing its position in the Smart EV sector and supporting local economic growth. Guangdong's investment underscores XPeng's commitment to Smart EV development and innovation, as well as its vital role in the automobile sector's transition in the province, which boasts the largest GDP in China.
XPeng Inc. (NYSE: XPEV) reported a strong financial performance for Q4 and fiscal year 2020, with vehicle deliveries increasing by 302.9% year-over-year to 12,964 units in Q4. Total revenues for the fourth quarter reached RMB2,851.4 million (US$437.0 million), up 345.5% from Q4 2019, driven by a significant rise in vehicle sales. Despite a net loss of RMB787.4 million (US$120.7 million) for Q4, improvements in gross margins to 7.4% signal a positive trend. The company forecasts a 450% increase in vehicle deliveries for Q1 2021, aiming for RMB2.6 billion in revenues.
XPeng Inc. (NYSE: XPEV) has announced a long-distance autonomous driving expedition set for March 19-26, 2021. This event will cover 3,675 km across six Chinese provinces, primarily utilizing the newly released Navigation Guided Pilot (NGP) feature. The expedition will extensively test the NGP's capabilities in real driving scenarios, including automatic lane changes and speed adjustments. Since its launch on January 26, NGP has already accumulated over 1 million km driven by XPeng P7 users, showcasing the growing adoption of their smart EV technology.
XPeng Inc. (NYSE: XPEV) has launched three new models powered by lithium iron phosphate (LFP) batteries, targeting the growing Chinese smart electric vehicle market. The new P7 Standard Range Smart and Premium models, along with the G3 460c, are now available for order, with prices starting at RMB 229,900. These models aim to meet consumers' needs for shorter range city driving and enhanced autonomous features, leveraging XPeng’s XPILOT 2.5+ and 3.0 technology. Deliveries are expected to commence in April and May 2021.
XPeng Inc. (NYSE: XPEV) reported vehicle deliveries of 2,223 Smart EVs for February 2021, comprising 1,409 P7s and 814 G3s. Combined deliveries for January and February show a remarkable 577% year-over-year increase. February deliveries, however, experienced a seasonal decline due to the Chinese New Year holiday. Despite this, the company indicates strong customer demand as activities resume post-holiday. Cumulative P7 deliveries have reached 20,181 since its launch in Q2 2020.
XPeng Inc. (NYSE: XPEV) has reported impressive performance of its Navigation Guided Pilot (NGP) function, which achieved over 1 million km driven within 25 days since its launch on January 26, 2021. The NGP function, part of the XPILOT 3.0 autonomous driving system, showcased high engagement with 131,484 automatic lane changes and 105,943 highway ramp maneuvers. The XPeng P7, equipped with advanced autonomous driving technology, continues to lead in capabilities among electric vehicles in China, with significant usage during the Chinese New Year holiday week.
XPeng Inc. (NYSE: XPEV), a prominent Chinese smart electric vehicle company, announced it will release its fourth quarter and fiscal year 2020 unaudited financial results on March 8, 2021, before U.S. markets open. An earnings conference call will follow at 8:00 AM ET. The company produces Smart EVs equipped with in-house autonomous driving technology to cater to tech-savvy consumers. XPeng is headquartered in Guangzhou, China, and operates manufacturing facilities in Zhaoqing and Zhengzhou.
XPeng Inc. (NYSE: XPEV) announced that its second batch of over 200 G3 smart electric SUVs is en route to Norway, following successful deliveries of the first batch in December 2020. This move marks a significant step in XPeng's international expansion, catering to the growing demand for Smart EVs in Europe. The company recorded a remarkable 470% year-over-year increase in EV deliveries, achieving 6,015 units in January 2021. The G3, priced at approximately 358,000 NKr, features advanced technologies, including XPILOT 2.5 and an optimized in-car experience tailored for Norwegian consumers.
XPeng Inc. (NYSE: XPEV) reported a record delivery of 6,015 Smart EVs in January 2021, a significant 470% increase from January 2020. This marks the third consecutive month of record-breaking deliveries, with 3,710 P7 sedans and 2,305 G3 SUVs. Cumulative P7 deliveries reached 18,772, and G3 deliveries saw a 118% year-over-year increase. The company launched the latest version of its operating system, Xmart OS 2.5.0, enhancing over 200 features and introducing new autonomous driving capabilities, reflecting XPeng's growing market appeal and delivery capabilities.
XPeng Inc. (NYSE: XPEV) has announced a significant over-the-air (OTA) upgrade for its P7 sedan customers in China, marking the most extensive upgrade in its history. The update introduces Xmart OS 2.5.0, featuring over 40 new functions and 200+ optimized features, including advanced autonomous driving assistance and enhanced voice recognition. Key additions include the Navigation Guided Pilot (NGP) for automated navigation and improved safety features. This upgrade aims to enhance customer experience and solidify XPeng's position in the Smart EV market.
