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 reported strong Q3 2024 financial results with total revenues reaching RMB10.10 billion (US$1.44 billion), up 24.5% quarter-over-quarter. The company delivered 46,533 vehicles, representing a 16.3% increase year-over-year. Notably, gross margin reached a historical high of 15.3%, improving 18.0 percentage points from the same period in 2023. Vehicle margin improved to 8.6% from -6.1% year-over-year. Despite improvements, the company recorded a net loss of RMB1.81 billion. For Q4 2024, XPENG expects deliveries between 87,000-91,000 vehicles and revenues of RMB15.3-16.2 billion.
XPENG has announced a strategic partnership with International Motors (IML) as its official UK distributor, planning to launch in early 2025 with the G6 mid-size SUV. IML, with nearly 50 years of experience, will establish a broad network for sales and after-sales services. The UK market entry aligns with the country's rapid EV adoption, supported by 62,536 public charging devices as of July 2024. The G6, featuring 800-volt supercharging and advanced AI technology, recently received a Euro NCAP 5-star safety rating. This expansion is part of XPENG's broader strategy to enter over 60 international markets by 2025, targeting 50% of sales from markets outside China.
XPENG unveiled major technological innovations at XPENG AI Day, including the Kunpeng Super Electric System for fast charging and extended range, and the Turing AI Intelligent Driving System for autonomous driving. The Kunpeng system, built on an 800V platform, enables charging that adds 1km range per second, reaching 80% in 12 minutes, with a combined range exceeding 1,400km. The Turing system features a 40-core processor supporting models up to 30 billion parameters. XPENG also introduced XPENG AIOS for enhanced in-car AI interactions, announced plans for a flying car presale in December, and unveiled its humanoid AI Robot Iron.
XPENG has launched the P7+, positioned as the world's first AI-defined vehicle, in China. The vehicle features built-in AI-powered advanced ADAS, XOS 5.4 platform, and X-GPT model for smart cockpit interactions. The P7+ achieves 10 km per kWh energy efficiency and offers comprehensive safety features including a 2000 MPa ultra-high-strength cage frame. With a 5,056 mm length and 3,000 mm wheelbase, it provides exceptional space with a 725-liter trunk capacity. The vehicle accelerates from 0-100 km/h in 5.9 seconds and includes premium features like Nappa leather seats with heating, ventilation, and massage functions as standard.
XPENG reported record-breaking deliveries of 23,917 Smart EVs in October 2024, marking a 20% year-over-year increase and 12% growth from the previous month. The XPENG MONA M03 maintained strong performance with over 10,000 deliveries for the second consecutive month. Year-to-date deliveries reached 122,478 units, up 21% from 2023. The company achieved an 86% monthly active user penetration rate for XNGP in urban driving and introduced AI-powered ADAS technology on the P7+ model. XPENG expanded its presence in the MENA region, launching G9 and G6 models in the UAE market.
XPENG (NYSE: XPEV, HKEX: 9868) has announced the upcoming launch of its new P7+ AI-defined smart electric fastback sedan scheduled for November 7, 2024. The launch event will be broadcast live from China at 7:30 PM Beijing Time (6:30 AM EST). An English-language replay will be available on November 14 at 8:00 PM Beijing Time (7:00 AM EST) through various official XPENG platforms including their website, IR website, and social media channels.
XPENG (NYSE: XPEV, HKEX: 9868) has announced its upcoming XPENG AI Day event scheduled for November 6, 2024. The event will showcase the company's latest breakthroughs and development roadmap in AI technology, including large AI models, autonomous driving, robotics, and flying cars. A Chinese live broadcast will begin at 2:30 PM Beijing Time, with an English-language replay available on November 13 at 8:00 PM Beijing Time across multiple official platforms including XPENG's website, IR website, and social media channels.
XPENG has been listed on both the Fortune Tech 50 and Fortune China 500 lists, marking significant recognition for its technological innovation. The company was one of only two automotive companies featured on the Tech 50 list, acknowledged for its AI-defined mobility technology and autonomous driving achievements. XPENG recently developed the Turing Chip, the world's first AI chip for AI-defined vehicles, and established a strategic partnership with Volkswagen. The company has expanded to over 30 countries and aims for overseas markets to represent 50% of total sales in the next decade.
XPENG has announced Motor Distributors (MDL) as its official distributor in Ireland, marking its entry into another key right-hand drive market. The partnership will begin with the launch of the XPENG G6, an ultra-smart coupe SUV featuring 800-volt supercharging technology. MDL will establish dealerships across Ireland to distribute XPENG's electric vehicles. The expansion aligns with Ireland's growing EV market driven by government incentives and infrastructure development. XPENG currently operates in multiple European countries and aims to be present in over 60 global markets by 2025, targeting 50% of total sales from international markets.
XPENG (NYSE: XPEV, HKEX: 9868), a leading Chinese smart electric vehicle company, has scheduled its third quarter 2024 earnings release for Tuesday, November 19, 2024, before U.S. markets open. The management will host an earnings conference call at 8:00 AM ET (9:00 PM Beijing/Hong Kong Time) on the same day. A live and archived webcast will be available on the company's investor relations website, with a replay accessible until November 26, 2024.
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