XPENG Announces Vehicle Delivery Results for February 2023

Rhea-AI Summary

XPeng Inc. (NYSE: XPEV) reported a significant increase in vehicle deliveries for February 2023, with a total of 6,010 Smart EVs delivered, marking a 15% rise from the previous month. The company is focusing on expanding its market presence, having opened new retail stores in Denmark and the Netherlands, alongside launching its first European service center in Norway. Additionally, starting March 2023, XPeng will implement advanced driver assistance technology in several cities, enhancing the driving experience for its customers. These developments underline XPeng's strategy for growth and technological advancement in the electric vehicle sector.

Positive

• 6,010 Smart EVs delivered in February 2023, a 15% increase from the previous month.
• Expansion into international markets with new retail stores in Denmark and the Netherlands.
• Opening of the first European service center in Norway.
• Implementation of advanced driver assistance technology in multiple cities starting March 2023.

Negative

• None.

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 February 2023.

In February 2023, XPENG delivered 6,010 Smart EVs, representing a 15% increase over the prior month.

In parallel with efforts to accelerate market share gains domestically, the Company continued to extend its presence in international markets. In February 2023, XPENG opened its second retail stores in both Denmark and the Netherlands. At the same time, the first European service center also started operation in Lørenskog, Norway.

Starting from March, XPENG’s City NGP advanced driver assistance function will be implemented on multiple models in a number of cities including Shenzhen and Shanghai, offering more XPENG customers smart driving experiences with elevated convenience.

About XPENG Inc.

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. 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 electrical/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 plants in Zhaoqing and Guangzhou, 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/20230301005544/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:

PR Department

XPeng Inc.

Email: pr@xiaopeng.com

Source: XPeng Inc.

FAQ

What were XPeng's vehicle delivery results for February 2023?

XPeng delivered 6,010 Smart EVs in February 2023, a 15% increase from the prior month.

Where did XPeng open new retail stores in February 2023?

XPeng opened its second retail stores in Denmark and the Netherlands in February 2023.

When will XPeng's advanced driver assistance technology be available?

XPeng's advanced driver assistance technology will be implemented starting in March 2023 in cities like Shenzhen and Shanghai.