XPeng Announces Vehicle Delivery Results for June and Second Quarter 2021

Rhea-AI Summary

XPeng Inc. (NYSE: XPEV) reported a record of 6,565 Smart EV deliveries in June 2021, reflecting a remarkable 617% increase year-over-year and a 15% rise from May 2021. The total for Q2 2021 reached 17,398 deliveries, a 439% surge from the previous year. The June numbers comprised 4,730 P7s and 1,835 G3s, boosting year-to-date deliveries to 30,738 units, up 459%. The company plans to launch the G3i SUV in July and P5 sedan in Q3 2021, featuring advanced LiDAR technology. XPeng aims to drive innovation in the smart EV sector.

Positive

• Record monthly deliveries of 6,565 units in June 2021, up 617% year-over-year.
• Q2 2021 deliveries reached 17,398 units, a 439% increase from the previous year.
• Year-to-date deliveries of 30,738 units, representing a 459% rise.

Negative

• None.

XPeng Inc. (“XPeng” or the “Company,” NYSE: XPEV, HKEX: 9868.HK), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for June 2021 and the second quarter 2021.

The XPeng P7 Wing (Photo: Business Wire)

XPeng recorded its highest-ever monthly deliveries in June of 6,565 Smart EVs, representing a 617% increase year-over-year, and a 15% increase over last month. The Company also achieved a quarterly record of 17,398 deliveries in the second quarter 2021, marking a 439% increase year-over-year.

June deliveries consisted of 4,730 P7s, the Company’s sports smart sedan, and 1,835 G3s, its smart compact SUV. As of June 30, 2021, year-to-date total deliveries reached 30,738 units, representing a 459% increase year-over-year.

P7 deliveries continued record-breaking growth in June, reflecting the P7’s rising popularity among China’s tech-savvy consumers. Since mid-2020, 34,588 P7s have been delivered. The P7’s Navigation Guided Pilot (NGP) highway solutions are attracting wide customer appeal, reinforcing the Company’s commitment to technology innovation.

The Company plans to launch the G3i SUV, the new mid-phase facelift version of G3, in July 2021, with deliveries planned for September this year. XPeng also plans to launch its third production model, the P5 family-friendly smart sedan, in the third quarter 2021 with deliveries expected in the fourth quarter 2021. Upon delivery, the P5 will be the world’s first mass-produced Smart EV equipped with auto-grade LiDAR technology.

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 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 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/20210701005336/en/

FAQ

What were XPeng's delivery results for June 2021?

XPeng delivered 6,565 Smart EVs in June 2021, a 617% increase year-over-year.

How many vehicles did XPeng deliver in Q2 2021?

In Q2 2021, XPeng achieved a record of 17,398 deliveries, marking a 439% increase year-over-year.

What are XPeng's upcoming vehicle launches?

XPeng plans to launch the G3i SUV in July 2021 and the P5 sedan in Q3 2021, featuring advanced LiDAR technology.

How does XPeng's P7 model perform in terms of deliveries?

The P7 model had 4,730 deliveries in June 2021, contributing significantly to XPeng's overall sales growth.