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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) has launched its next-gen Smart Electric Platform Architecture, SEPA2.0, designed to enhance R&D efficiency and optimize costs. SEPA2.0 aims to reduce the R&D cycle for new models by 20%, while 80% of its components will be compatible with future vehicle models. This architecture can support various vehicle types, including SUVs and sedans. The first model, XPENG G6 Ultra Smart Coupe SUV, will debut on April 18 at Auto Shanghai 2023. Additionally, the new architecture improves efficiency across multiple systems, such as XPENG's Advanced Driver Assistance System (ADAS) and Xmart OS in-car operating system. Overall, SEPA2.0 is expected to accelerate technological advancements and enhance customer value.
XPeng Inc., a leading Chinese smart EV manufacturer, will host a press briefing on April 16, 2023, showcasing its next-generation vehicle technology architecture. The event will be led by Chairman and CEO He Xiaopeng and will be broadcast live. Additionally, XPeng is set to debut its next production model at Auto Shanghai 2023 on April 18, 2023. The model's unveiling will occur from 09:40 – 10:00 AM Beijing time. An English replay of both events will be available, ensuring accessibility for a global audience. XPeng aims to drive smart EV transformation, appealing to tech-savvy consumers. For more details, visit XPENG's official site.
XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, announced the release of its 2022 Environmental, Social and Governance (ESG) Report. This report highlights significant strides made in sustainability and corporate governance, including reducing carbon emissions by approximately 1.72 million metric tons compared to conventional vehicles. XPeng's annual charging capacity reached over 322 million kWh, resulting in a cumulative reduction of about 577,200 tons of carbon emissions. The Zhaoqing Plant was awarded as a 'Green Plant' by the Ministry of Industry and Information Technology. Additionally, XPeng achieved a 96% customer satisfaction rate, reflecting its commitment to quality and service improvement.
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