XPENG Announces Vehicle Delivery Results for November 2022

Rhea-AI Summary

XPeng Inc. reported vehicle deliveries of 5,811 Smart EVs in November 2022, totaling 109,465 vehicles delivered year-to-date, a 33% increase year-over-year. Despite challenges from COVID-related restrictions affecting the production ramp-up of its flagship G9 SUV, the company remains optimistic about increased deliveries in December 2022 as conditions normalize. XPeng is focused on advancing its Smart EV technology to enhance user experience and meet the demands of the growing market.

Positive

• Year-to-date vehicle deliveries of 109,465 represent a 33% increase year-over-year.
• Deliveries of flagship G9 SUVs totalled 1,546 in November, despite operational challenges.
• The company anticipates significantly increased deliveries in December as production ramp-up normalizes.

Negative

• COVID-related restrictions have disrupted production and delivery capabilities.
• Operational challenges impacted G9's production ramp-up.

• 5,811 vehicles delivered in November 2022
• 109,465 vehicles delivered cumulatively in the first eleven months of 2022

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 November 2022.

In November, the Company delivered 5,811 Smart EVs to customers as it mitigated challenges brought by COVID-related restrictions and disruptions.

The Company delivered 1,546 Flagship G9 SUVs to customers in November against a challenging operating backdrop which affected G9’s production ramp-up and delivery services in certain areas.

As of November 30, 2022, year-to-date deliveries reached 109,465, representing a 33% increase year-over-year.

The Company expects that deliveries will significantly increase in December 2022 as G9’s production ramp-up accelerates under normalized operating conditions.

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/20221201005527/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 November 2022?

XPeng delivered 5,811 Smart EVs in November 2022.

How many vehicles has XPeng delivered year-to-date as of November 2022?

As of November 30, 2022, XPeng has delivered a cumulative total of 109,465 vehicles.

What challenges did XPeng face in November 2022?

XPeng faced challenges due to COVID-related restrictions affecting production and delivery.

What does XPeng project for vehicle deliveries in December 2022?

XPeng expects significantly increased deliveries in December 2022 as production ramps up.

How many flagship G9 SUVs did XPeng deliver in November 2022?

XPeng delivered 1,546 flagship G9 SUVs in November 2022.