XPeng Announces Vehicle Delivery Results for August 2021

Rhea-AI Summary

XPeng Inc. reported impressive vehicle delivery results for August 2021, delivering 7,214 Smart EVs, a 172% increase year-over-year. Notably, P7 deliveries hit a record 6,165 units, marking a 209% rise. Year-to-date, total deliveries reached 45,992 vehicles, up 334% year-over-year. The company is transitioning G3 production to the G3i model, affecting some August deliveries, with expectations to commence G3i deliveries in September. Additionally, the P5 family sedan is set to launch on September 15, with deliveries starting in October.

Positive

• 172% year-over-year increase in total vehicle deliveries (7,214 units in August).
• Record P7 deliveries of 6,165 units, up 209% year-over-year.
• Year-to-date deliveries total 45,992, a 334% increase year-over-year.

Negative

• Transitioning G3 production to G3i affected August delivery numbers.

• 7,214 vehicles delivered in August 2021, a 172% increase year-over-year
• 6,165 P7s delivered in August 2021, a record month and a 209% increase year-over-year
• 45,992 total vehicles delivered year-to-date, a 334% increase year-over-year

GUANGZHOU, China--(BUSINESS WIRE)-- XPeng Inc. (“XPeng” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for August 2021.

XPeng P7 (Photo: Business Wire)

In August, XPeng delivered 7,214 Smart EVs, representing a 172% increase year-over-year. Deliveries in August consisted of 6,165 P7s, the Company’s sports smart sedan, and 1,049 G3s, its smart compact SUV.

2021 year-to-date deliveries reached 45,992 vehicles, representing a 334% increase year-over-year. P7 deliveries continued to strengthen, achieving a record month in August and a 209% increase year-over-year.

In August, the Company began to transition production for the G3 SUV to G3i, the mid-cycle facelift version of G3, to its wholly-owned Zhaoqing Smart EV Manufacturing Base. As a result, some planned deliveries of the G3 were affected in August. The Company expects to start deliveries of the G3i to start in September.

On September 15, the Company plans to officially launch the P5 family sedan, its third production model, with deliveries starting in October.

About XPeng Inc.

XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Smart EVs are manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://en.xiaopeng.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPeng’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPeng’s goals and strategies; XPeng’s expansion plans; XPeng’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPeng’s expectations regarding demand for, and market acceptance of, its products and services; XPeng’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPeng’s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPeng does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210901005427/en/

For Investor Enquiries:

IR Department

XPeng Inc.

Email: ir@xiaopeng.com

Jenny Cai

The Piacente Group

Tel: +1 212 481 2050 / +86 10 6508 0677

Email: xpeng@tpg-ir.com

For Media Enquiries:

Marie Cheung

XPeng Inc.

Tel: +852 9750 5170 / +86 1550 7577 546

Email: mariecheung@xiaopeng.com

Source: XPeng Inc.

FAQ

What were XPeng's vehicle delivery numbers for August 2021?

XPeng delivered 7,214 Smart EVs in August 2021, a 172% increase year-over-year.

How many P7s did XPeng deliver in August 2021?

XPeng delivered a record 6,165 P7s in August 2021, a 209% increase year-over-year.

What is the year-to-date delivery performance of XPeng as of August 2021?

As of August 2021, XPeng has delivered 45,992 vehicles year-to-date, representing a 334% increase year-over-year.

When is XPeng launching the P5 family sedan?

XPeng plans to officially launch the P5 family sedan on September 15, 2021, with deliveries starting in October.

What impact did the G3 to G3i transition have on XPeng's deliveries?

The transition from G3 to G3i affected some planned deliveries of the G3 in August 2021.