Xpeng Inc Stock Price, News & Analysis

XPeng Inc., a leading Chinese smart EV manufacturer, will host a press briefing on April 16, 2023, showcasing its next-generation vehicle technology architecture. The event will be led by Chairman and CEO He Xiaopeng and will be broadcast live. Additionally, XPeng is set to debut its next production model at Auto Shanghai 2023 on April 18, 2023. The model's unveiling will occur from 09:40 – 10:00 AM Beijing time. An English replay of both events will be available, ensuring accessibility for a global audience. XPeng aims to drive smart EV transformation, appealing to tech-savvy consumers. For more details, visit XPENG's official site.

XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, announced the release of its 2022 Environmental, Social and Governance (ESG) Report. This report highlights significant strides made in sustainability and corporate governance, including reducing carbon emissions by approximately 1.72 million metric tons compared to conventional vehicles. XPeng's annual charging capacity reached over 322 million kWh, resulting in a cumulative reduction of about 577,200 tons of carbon emissions. The Zhaoqing Plant was awarded as a 'Green Plant' by the Ministry of Industry and Information Technology. Additionally, XPeng achieved a 96% customer satisfaction rate, reflecting its commitment to quality and service improvement.

XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, filed its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2022, on April 12, 2023. This report contains the Company’s audited consolidated financial statements and is available on the SEC’s website as well as XPeng’s investor relations website. Shareholders can request a hard copy of the annual report free of charge by contacting the Investor Relations Department. XPeng continues to innovate in the smart EV sector, focusing on advanced driver-assistance systems and in-car intelligent operating systems, and aims to meet the needs of technology-savvy consumers in the growing EV market.

XPeng Inc. announced vehicle delivery results for March and Q1 2023, delivering 7,002 Smart EVs in March, a 17% increase from February, and reaching a total of 18,230 deliveries for Q1. The new P7i sports sedan launched in March saw 3,030 deliveries, a 32% month-over-month rise. This launch increased store traffic and test drive volumes. On March 31, XPeng began rolling out its XNGP, a leading full scenario ADAS platform, to G9 Max and P7i Max customers in major Chinese cities. The company's focus remains on smart EV transformation through technology.

Xpeng Inc. (NYSE: XPEV) announces the rollout of its XNGP Advanced Driver Assistance System (ADAS) to select customers in China starting March 31. The initial phase targets customers of the XPENG G9 Max and P7i Max models in major cities like Guangzhou, Shanghai, and Shenzhen, delivered via Over-the-Air updates. XNGP will include upgraded features such as City NGP and enhanced SR 2.0 technology. Additionally, the second phase scheduled for 2H 2023 aims to expand functionalities for complex urban driving scenarios. This initiative reinforces XPENG's commitment to advancing autonomous driving technology.

XPeng Inc. (XPEV) announced its Q4 and fiscal year 2022 financial results, revealing a 39.9% decrease in quarterly revenues to RMB5.14 billion (US$0.75 billion) and 46.8% drop in vehicle deliveries to 22,204 units. Yearly vehicle deliveries rose 23.0% to 120,757, with total revenues at RMB26.86 billion (US$3.89 billion), marking a 28.0% annual increase. However, gross margin fell to 11.5%, and net losses expanded to RMB9.14 billion (US$1.33 billion). The company projects Q1 2023 deliveries between 18,000 and 19,000, with revenues expected to decline further.

XPeng Inc. has launched its new P7i sports sedan for the Chinese market, featuring the industry's most advanced all-scenario driver assistance system, XNGP. The P7i boasts comprehensive performance upgrades, including acceleration from 0 to 100 km/h in just 3.9 seconds and a range of up to 702 km. The vehicle is priced from RMB 249,900, with deliveries commencing in March. Enhancements in the smart cockpit and charging infrastructure are also highlighted, with 180 supercharging stations set to upgrade to support faster charging. The P7i embodies XPeng's commitment to innovation and excellence in smart EV technology.

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.

XPeng Inc. (NYSE: XPEV) is set to announce its fourth quarter and fiscal year 2022 unaudited financial results on March 17, 2023, before U.S. markets open. An earnings call will follow at 8:00 AM ET. Participants interested in joining by phone must register beforehand and dial in 5 minutes prior to the start time. A replay of the call will be available for a week after the event. XPeng focuses on smart electric vehicles and aims to enhance the mobility experience through advanced technology.