XPeng Announces Vehicle Delivery Results for May 2022

Rhea-AI Summary

XPeng Inc. (NYSE: XPEV) reported a robust delivery performance in May 2022, with a total of 10,125 vehicles delivered, marking a 78% year-over-year increase. The delivery breakdown includes 4,224 P7 sedans, 3,686 P5 sedans, and 2,215 G3 SUVs. Year-to-date deliveries reached 53,688, a 122% increase compared to the same period last year. The company resumed double-shift production at its Zhaoqing plant in mid-May, as supply chains recover. Upcoming features include innovative adaptive cruise control and lane control through OTA updates.

Positive

• 10,125 vehicles delivered in May 2022, a 78% year-over-year increase.
• Year-to-date total deliveries reached 53,688, representing a 122% increase year-over-year.
• Resumed double-shift production at the Zhaoqing plant as supply chains recover.
• Upcoming OTA updates will introduce industry-first adaptive cruise control and lane center control features.

Negative

• None.

10,125 vehicles delivered in May 2022, a 78% 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 May 2022.

XPENG P7 Wing version (Photo: Business Wire)

XPeng delivered 10,125 Smart EVs in May 2022, representing a 78% increase year-over-year. The May deliveries consisted of 4,224 P7 smart sports sedans, 3,686 P5 smart family sedans, as well as 2,215 G3 smart compact SUVs.

As of May 31, 2022, year-to-date total deliveries reached 53,688, representing a 122% increase year-over-year.

The Company resumed double-shift production at its Zhaoqing plant beginning in mid-May as supply chains and key manufacturing areas in China started to gradually recover. XPeng is making every endeavor to accelerate the delivery of its strong order backlog in hand.

The Company continues to upgrade its products and will launch ACC-L and LCC-L via over-the-air (OTA) updates soon. ACC-L and LCC-L will become the industry’s first adaptive cruise control and lane center control function adopting camera and LiDAR based perception. As of the end of April 2022, XPeng operated 954 self-managed charging stations, including 774 supercharging stations and 180 destination charging stations across China.

About XPeng Inc.

XPeng is a leading Chinese Smart EV 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 advanced driver-assistance system 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, San Diego and Amsterdam. The Company’s Smart EVs are mainly manufactured at its plant in Zhaoqing, Guangdong province. For more information, please visit https://heyxpeng.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/20220601005625/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 delivery numbers for May 2022?

XPeng delivered 10,125 vehicles in May 2022, representing a 78% increase year-over-year.

What is the year-to-date delivery total for XPeng as of May 2022?

As of May 31, 2022, XPeng's year-to-date total deliveries reached 53,688, a 122% increase year-over-year.

When did XPeng resume double-shift production?

XPeng resumed double-shift production at its Zhaoqing plant beginning in mid-May 2022.

What new features are being introduced by XPeng through OTA updates?

XPeng plans to launch ACC-L and LCC-L, the industry's first adaptive cruise control and lane center control features, via OTA updates.