XPeng Announces Vehicle Delivery Results for January 2021

Rhea-AI Summary

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.

Positive

• Record monthly delivery of 6,015 Smart EVs in January 2021.
• 470% increase in deliveries compared to January 2020.
• Cumulative P7 deliveries reached 18,772.
• 118% year-over-year increase in G3 deliveries.
• Launch of Xmart OS 2.5.0, optimizing 200+ features and adding new functions.

Negative

• None.

XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for January 2021.

XPeng P7 sedan and G3 SUV (Photo: Business Wire)

XPeng achieved a record monthly delivery of 6,015 Smart EVs in January 2021, representing a 470% increase from January 2020, marking the third consecutive month of record-breaking delivery numbers.

Both the P7 smart sports sedan and the G3 smart compact SUV deliveries maintained strong momentum. Total January deliveries consisted of a record high 3,710 P7s and 2,305 G3s.

Cumulative P7 deliveries reached 18,772 as of January 31, 2021. G3 deliveries exhibited a 118% increase year-over-year.

The record-breaking delivery results reflect the strong market appeal of XPeng’s products and services as the Company accelerates its delivery capabilities and launch of new smart features, expanding brand awareness and marketing efforts. The new version of P7’s operating system, Xmart OS 2.5.0 was released to customers on January 26^th this year, optimizing 200+ features and adding 40+ new functions including the navigation assisted highway autonomous driving solution NGP (Navigation Guided Pilot).

About Xpeng

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 offices in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Smart EVs are manufactured at plants in Zhaoqing and Zhengzhou, located in Guangdong and Henan provinces, respectively. 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 goal 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 manufacturer, 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/20210201005325/en/

FAQ

What were XPeng's delivery numbers for January 2021?

XPeng delivered 6,015 Smart EVs in January 2021, marking a 470% increase from January 2020.

How many P7 and G3 models did XPeng deliver in January 2021?

In January 2021, XPeng delivered 3,710 P7 sedans and 2,305 G3 SUVs.

What is the cumulative delivery number for XPeng's P7 model as of January 2021?

Cumulative P7 deliveries reached 18,772 as of January 31, 2021.

What new features were added in XPeng's Xmart OS 2.5.0?

Xmart OS 2.5.0 optimized over 200 features and introduced a navigation-assisted highway autonomous driving solution.

What percentage increase did XPeng's G3 deliveries see year-over-year?

G3 deliveries exhibited a 118% increase year-over-year.