Xpeng Inc Stock Price, News & Analysis

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.

XPeng Inc., a leading Chinese smart EV company, will host its 2022 TECH DAY event on October 24, 2022 in Guangzhou, China. The event will feature advancements in autonomous driving technology and intelligent EVs. The live broadcast will commence at 8:00 PM Beijing time and will be accessible online. An English replay will be available on October 25, 2022, starting at 12:00 PM Beijing time. For more information, visit XPeng's official website.

XPENG AEROHT, the largest flying car company in Asia and an affiliate of XPENG, successfully conducted the first public flight of its electric flying car, the XPENG X2, at Skydive Dubai. This milestone followed the achievement of a special flying permit from the Dubai Civil Aviation Authority. The event was attended by over 150 guests, including representatives from various Dubai authorities. The XPENG X2, designed for urban green transportation, features a minimalist design and operates both manually and autonomously, marking a significant step toward future mobility.

XPeng announced its vehicle delivery results for September 2022 and Q3 2022. The company delivered 8,468 vehicles in September, including 4,643 P7s, 2,417 P5s, and 1,233 G3i SUVs. In total, 29,570 vehicles were delivered in Q3, marking a 15% year-over-year increase. Year-to-date, deliveries stood at 98,553, up 75% year-over-year. XPeng also launched City NGP, its advanced urban driving technology, and introduced 480 kW S4 supercharging stations in five cities, planning to expand to over 50 by the end of the year.

XPeng delivered 8,468 vehicles in September 2022, bringing the total for Q3 2022 to 29,570 vehicles, a 15% year-over-year increase. Total deliveries for the first nine months reached 98,553, marking a 75% increase from the previous year. The G9 Flagship SUV began deliveries in September, with mass deliveries expected by late October. Additionally, XPeng launched its City NGP technology and initiated the S4 supercharging station rollout in five major cities, enhancing its fast-charging network across China.