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XPENG Announces Vehicle Delivery Results for October 2024

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XPENG reported record-breaking deliveries of 23,917 Smart EVs in October 2024, marking a 20% year-over-year increase and 12% growth from the previous month. The XPENG MONA M03 maintained strong performance with over 10,000 deliveries for the second consecutive month. Year-to-date deliveries reached 122,478 units, up 21% from 2023. The company achieved an 86% monthly active user penetration rate for XNGP in urban driving and introduced AI-powered ADAS technology on the P7+ model. XPENG expanded its presence in the MENA region, launching G9 and G6 models in the UAE market.

XPENG ha registrato consegne da record di 23.917 veicoli elettrici smart nel mese di ottobre 2024, segnando un aumento del 20% rispetto all’anno precedente e un incremento del 12% rispetto al mese precedente. La XPENG MONA M03 ha mantenuto prestazioni solide con oltre 10.000 consegne per il secondo mese consecutivo. Le consegne dall'inizio dell'anno hanno raggiunto 122.478 unità, con un aumento del 21% rispetto al 2023. L'azienda ha raggiunto una percentuale di penetrazione mensile degli utenti attivi dell'86% per XNGP nella guida urbana e ha introdotto la tecnologia ADAS potenziata dall'IA nel modello P7+. XPENG ha ampliato la sua presenza nella regione MENA, lanciando i modelli G9 e G6 nel mercato degli Emirati Arabi Uniti.

XPENG informó sobre entregas récord de 23,917 vehículos eléctricos inteligentes en octubre de 2024, marcando un aumento del 20% en comparación con el año anterior y un crecimiento del 12% respecto al mes anterior. El XPENG MONA M03 mantuvo un rendimiento sólido con más de 10,000 entregas durante el segundo mes consecutivo. Las entregas acumuladas hasta la fecha alcanzaron las 122,478 unidades, lo que representa un aumento del 21% respecto a 2023. La compañía logró una tasa de penetración de usuarios activos mensuales del 86% para XNGP en conducción urbana e introdujo tecnología ADAS impulsada por IA en el modelo P7+. XPENG amplió su presencia en la región MENA, lanzando los modelos G9 y G6 en el mercado de los EAU.

XPENG는 2024년 10월에 23,917대의 스마트 전기차를 기록적인 양으로 인도했다고 보고하며, 이는 전년 대비 20% 증가와 월별로는 12% 성장한 수치입니다. XPENG MONA M03은 두 번째 연속으로 10,000대 이상의 인도를 기록하며 강력한 성능을 유지했습니다. 연간 누적 인도량은 122,478대로, 2023년 대비 21% 증가했습니다. 회사는 도시 주행에서 XNGP의 월간 활성 사용자 침투율을 86%로 달성했으며, P7+ 모델에 AI 기반 ADAS 기술을 도입했습니다. XPENG는 MENA 지역에서의 존재감을 확장하며, 아랍에미리트 시장에 G9 및 G6 모델을 출시했습니다.

XPENG a annoncé des livraisons record de 23 917 véhicules électriques intelligents en octobre 2024, marquant une augmentation de 20 % par rapport à l'année précédente et une croissance de 12 % par rapport au mois précédent. Le XPENG MONA M03 a maintenu de bonnes performances avec plus de 10 000 livraisons pour le deuxième mois consécutif. Les livraisons cumulées depuis le début de l'année ont atteint 122 478 unités, soit une augmentation de 21 % par rapport à 2023. L'entreprise a atteint un taux de pénétration des utilisateurs actifs mensuels de 86 % pour XNGP dans la conduite urbaine et a introduit une technologie ADAS alimentée par IA sur le modèle P7+. XPENG a élargi sa présence dans la région MENA en lançant les modèles G9 et G6 sur le marché des Émirats arabes unis.

XPENG berichtete von rekordverdächtigen Auslieferungen von 23.917 Smart-EVs im Oktober 2024, was einem Anstieg von 20 % im Vergleich zum Vorjahr und 12 % im Vergleich zum Vormonat entspricht. Der XPENG MONA M03 erzielte auch im zweiten Monat in Folge über 10.000 Auslieferungen. Die Auslieferungen seit Jahresbeginn beliefen sich auf 122.478 Einheiten, was einem Anstieg von 21 % im Vergleich zu 2023 entspricht. Das Unternehmen erreichte eine monatliche aktive Nutzerpenetrationsrate von 86 % für XNGP im Stadtverkehr und führte KI-unterstützte ADAS-Technologie im Modell P7+ ein. XPENG baute seine Präsenz in der MENA-Region aus und launchte die Modelle G9 und G6 auf dem Markt der VAE.

Positive
  • Record monthly deliveries of 23,917 vehicles (+20% YoY, +12% MoM)
  • MONA M03 exceeded 10,000 deliveries for second consecutive month
  • Year-to-date deliveries up 21% to 122,478 units
  • 86% monthly active user penetration rate for XNGP in urban driving
  • Geographic expansion into UAE and MENA markets
Negative
  • None.

Insights

The record-breaking monthly deliveries of 23,917 vehicles mark a significant milestone for XPENG, with 20% YoY growth and 12% MoM increase. The MONA M03's consistent performance, exceeding 10,000 units for two consecutive months, demonstrates strong market acceptance. The 21% YTD growth in deliveries to 122,478 units indicates robust market momentum.

The company's technological advancement in AI-powered ADAS without relying on HD maps or LiDARs positions it uniquely in the competitive Chinese EV market. The 86% monthly active user penetration rate for XNGP in urban driving suggests strong user adoption. The international expansion into MENA markets, particularly the UAE launch of G9 and G6 models, shows promising geographical diversification strategy.

XPENG's achievement in developing map-free and LiDAR-free ADAS technology represents a significant technological breakthrough. This approach potentially reduces hardware costs while maintaining competitive functionality, making advanced autonomous driving features more accessible to mass-market consumers. The standardization of end-to-end AI-driven ADAS on the P7+ model demonstrates confidence in the technology's reliability and scalability.

The high user adoption rate of XNGP suggests strong real-world performance and user satisfaction. The introduction of AI Tianji XOS 5.4.0 further reinforces XPENG's commitment to software innovation, potentially creating a sustainable competitive advantage in the increasingly software-defined automotive industry.

  • 23,917 vehicles delivered in October 2024, a new monthly record and a 20% increase year-over-year
  • Deliveries of XPENG MONA M03 exceeded 10,000 units for the second straight month
  • XPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs

GUANGZHOU, China, Nov. 01, 2024 (GLOBE NEWSWIRE) -- 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 October 2024.

XPENG delivered 23,917 Smart EVs in October 2024, setting a new record for its monthly deliveries and representing growth of 20% year-over-year and 12% over the prior month. For the second straight month, deliveries of XPENG MONA M03 exceeded 10,000 units. For the first ten months of 2024, XPENG delivered 122,478 Smart EVs, a 21% increase from the same period last year.

In October, XNGP‘s monthly active user penetration rate in urban driving reached 86%. At the XPENG Tech Workshop on October 24, 2024, the Company demoed its AI-powered ADAS technology on XPENG P7+ and unveiled its AI Tianji XOS 5.4.0. The Company also announced that the XPENG P7+ will be equipped with end-to-end AI-driven ADAS technology as a standard configuration.

XPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs, providing the most competitive cost in China and accelerating the mass adoption of autonomous driving.

XPENG also officially entered the UAE market in October, hosting a launch event for its G9 and G6 models in Dubai. XPENG has introduced its Smart EVs in numerous MENA countries to date, including UAE, Israel, Egypt, Jordan, and Lebanon.

About XPENG
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, 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. XPENG’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.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.

Contacts:
For Investor Enquiries:
IR Department
XPeng Inc.
Email: ir@xiaopeng.com

Jenny Cai
Piacente Financial Communications
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

How many vehicles did XPEV deliver in October 2024?

XPENG delivered 23,917 Smart EVs in October 2024, setting a new monthly record.

What was XPEV's year-over-year delivery growth in October 2024?

XPENG's October 2024 deliveries showed a 20% increase year-over-year.

How many XPENG MONA M03 units were delivered in October 2024?

The XPENG MONA M03 exceeded 10,000 deliveries in October 2024, achieving this milestone for the second straight month.

What was XPEV's total delivery count for the first ten months of 2024?

XPENG delivered 122,478 Smart EVs in the first ten months of 2024, representing a 21% increase from the same period last year.

XPeng Inc. American depositary shares, each representing two

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