Xpeng Inc Stock Price, News & Analysis

XPeng Inc. reported a significant increase in vehicle deliveries, announcing 11,292 Smart EVs delivered in December 2022, up 94% from November, and 22,204 for Q4 2022. Cumulatively, the company delivered 120,757 vehicles in 2022, marking a 23% year-over-year rise, with total deliveries reaching 257,710 by year-end. The flagship G9 SUV saw a notable 160% increase in deliveries month-over-month. Additionally, the G9 was recognized as one of China's Top 10 Cars of the Year and received a 5-star Certification in the China Auto Health Index.

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.

XPeng Inc. (NYSE: XPEV) reported Q3 2022 results with total revenues of RMB6.82 billion (US$0.96 billion), a 19.3% year-over-year increase but an 8.2% decrease from Q2. Vehicle deliveries reached 29,570, up 15%, and gross margin was 13.5%, down 0.9 percentage points year-over-year. The net loss for the quarter was RMB2.38 billion (US$0.33 billion), compared to RMB1.59 billion in Q3 2021. The company expects Q4 deliveries between 20,000 and 21,000, a decline of approximately 49.7% to 52.1%, with revenues between RMB4.8 billion and RMB5.1 billion, reflecting decreased market demand.

XPeng Inc. (NYSE: XPEV) will report its third quarter 2022 unaudited financial results on November 30, 2022, before U.S. markets open. An earnings call is scheduled for 8:00 AM ET on the same day. Participants can register via a provided link to join the call. A live and archived webcast will also be accessible through the company’s investor relations website. The replay of the call will be available until December 7, 2022. XPeng is a leading Chinese Smart EV company focused on technology and data to enhance mobility.

XPeng Inc. has successfully completed its debut issuance of RMB964 million (approx. US$133.5 million) in carbon-neutral asset-backed securities (ABS) on the Shanghai Stock Exchange. This marks the company's second ABS issuance in China, following its first on the Shenzhen Stock Exchange earlier this year. The issuance achieved record-low coupon rates among Chinese emerging automakers, with rates of 2.80% and 3.00% for senior tranches rated AAA and AA+, respectively. XPeng's strong ESG initiatives contributed to this positive investor reception.

XPeng Inc. has secured the Guangzhou Intelligent Connected Vehicle Road Test Permit, making its G9 model the first unmodified commercial vehicle permitted for autonomous driving tests on public roads in China. This milestone advances XPeng's goal of mass-producing robotaxis and commercializing them as a service. The approval highlights the company's capabilities in autonomous driving technology and builds a foundation for future cost efficiencies. The G9 utilizes existing hardware and software upgrades to conduct the tests, aligning with XPeng's vision for smart mobility solutions.

XPeng Inc. reported strong delivery numbers for October 2022, with a total of 5,101 Smart EVs delivered, contributing to a year-to-date total of 103,654 vehicles, marking a 56% increase compared to the previous year. The G9 Flagship SUV began mass deliveries on October 27, reaching over 100 cities in China. The company anticipates increased contributions from the P7 and G9 models in the upcoming months, backed by optimized logistics and production capabilities.

XPeng Inc. (NYSE: XPEV) showcased significant technological advancements at its 2022 Tech Day in Guangzhou, China. Highlights include the introduction of the XNGP driver assistance system, capable of navigating various driving scenarios without map reliance. The company also unveiled XNet, its next-gen neural network architecture, powered by supercomputing systems, enhancing autonomous driving capabilities. Major milestones include obtaining road test permits for its robotaxi and launching the world’s first eVToL flying car. These innovations aim to strengthen XPeng's competitive advantage in the smart EV sector.