XPENG Announces Vehicle Delivery Results for January 2023

Rhea-AI Summary

XPeng Inc. (NYSE: XPEV) reported vehicle deliveries of 5,218 Smart EVs in January 2023, including 2,249 units of the G9 SUV. The delivery figures reflect a seasonal slowdown due to the Chinese New Year holiday, which began mid-January. The company plans to unveil a new version of its P7 smart sedan soon. XPeng focuses on technology-driven Smart EV development, targeting a tech-savvy consumer base. Their manufacturing operations are primarily based in Guangdong, China.

Positive

• Delivered 5,218 Smart EVs in January 2023.
• Included 2,249 units of the flagship G9 SUV.

Negative

• Delivery figures reflect seasonal slowdown due to Chinese New 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 January 2023.

XPENG G9 SUV (Photo: Business Wire)

XPENG delivered 5,218 Smart EVs in January 2023. January deliveries included 2,249 Flagship G9 SUVs. Vehicle deliveries for the month reflected seasonal slowdown during the Chinese New Year holiday period which began in mid-January.

The Company will soon unveil the new version of the P7 smart sedan.

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 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/20230201005455/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 numbers for January 2023?

XPeng delivered 5,218 Smart EVs in January 2023.

How many G9 SUVs did XPeng deliver in January 2023?

XPeng delivered 2,249 G9 SUVs in January 2023.

What is the impact of the Chinese New Year on XPeng's deliveries?

The deliveries reflect a seasonal slowdown due to the Chinese New Year holiday that began mid-January.

What new product is XPeng planning to unveil?

XPeng will soon unveil the new version of the P7 smart sedan.