Xpeng Inc Stock Price, News & Analysis

XPeng Inc. has unveiled the G9 Flagship SUV, accessible in three series and six configurations, with a starting price of 309,900 to 469,900 RMB. Notably, the G9 is recognized as the world's fastest-charging mass-production SUV, capable of charging from 10–80% in just 15-20 minutes. It features an industry-first full-scenario Advanced Driver Assistance System (ADAS) and a luxurious 5D smart cabin experience. The G9 offers a maximum CLTC range of 702 km, a dual motor output of 405 kW, and advanced voice assistance technology, positioning it as a benchmark for smart electric vehicles.

XPeng Inc. has launched a pilot program for its City Navigation Guided Pilot (City NGP), marking it as the first Chinese automaker to deploy an advanced driver-assistance system (ADAS) for urban driving scenarios. The program initially includes Guangzhou-based XPeng P5 customers, who will receive this feature via over-the-air updates. City NGP allows vehicles to manage various driving tasks through advanced sensor technology, enhancing safety and driving experience. The feature will eventually be available in XPeng's upcoming G9 SUV, to be launched on September 21.

XPeng Inc. (NYSE: XPEV), a prominent Chinese Smart EV company, will launch its fourth production model, the G9 SUV, on September 21, 2022. The launch event is scheduled to be broadcast live at 07:00 p.m. Beijing time (GMT+8) or 07:00 a.m. US Eastern Time. XPeng focuses on designing and manufacturing Smart EVs for tech-savvy consumers, with its headquarters in Guangzhou and manufacturing facility in Zhaoqing, Guangdong province. The company aims to drive Smart EV transformation through advanced technology and data.

XPeng Inc. reported strong vehicle delivery results for August 2022, with 9,578 vehicles delivered, reflecting a 33% year-over-year increase. In the first eight months of 2022, total deliveries reached 90,085 vehicles, a remarkable 96% increase compared to the same period last year. Breakdown of August deliveries included 5,745 P7s, 2,678 P5s, and 1,155 G3i and G3 models. XPeng continues to strengthen its position as a leader in the Chinese Smart EV market.

XPeng Inc. reported total revenues of RMB7,436.3 million for Q2 2022, marking a 97.7% increase year-over-year.

Vehicle deliveries reached 34,422, a 98% year-over-year rise, with P7 and P5 models driving growth.

However, gross margin fell to 10.9%, down from 11.9% a year ago, and a net loss of RMB2,700.9 million was reported.

Cash reserves stood at RMB41,339.3 million. The outlook for Q3 expects vehicle deliveries between 29,000 and 31,000.

XPENG Inc. has unveiled its new all-electric SUV, the G9, set to launch in China this September. The G9 features a premium cabin designed for comfort, making it a VIP-style experience for passengers. It stands out as the world's fastest-charging mass-produced EV, capable of adding 200 km of range in just five minutes. The SUV also includes industry-leading Advanced Driver Assistance System (ADAS) technology, allowing seamless driving transitions. With a maximum range of 702 km and an impressive performance benchmark, the G9 aims to enhance the electric vehicle market.

XPeng Inc. will report its Q2 2022 unaudited financial results on August 23, 2022, before the U.S. markets open. An earnings conference call is scheduled at 8:00 a.m. ET on the same day. Participants can join by pre-registering via a provided link. The call will be available for replay until August 30, 2022. XPeng designs and manufactures smart electric vehicles, aiming to enhance the mobility experience through advanced technology and data integration.

XPeng Inc. (NYSE: XPEV) delivered 11,524 Smart EVs in July 2022, marking a 43% year-over-year increase. In total, 80,507 vehicles were delivered in the first seven months, reflecting a 108% growth year-over-year, securing the top position among emerging auto brands in China. July deliveries included 6,397 P7s, 3,608 P5s, and 1,519 G3i SUVs. XPeng plans to accept reservations for its flagship G9 SUV in August, with an official launch in September 2022.

XPENG Robotics, part of XPeng Inc., has secured over US$100 million in Series A funding, marking the largest single-tranche fundraising for the bionic robot sector in China within the last two years. This financing, led by IDG Capital, aims to enhance R&D in robotic hardware and software, accelerate product development, and attract top talent. The company envisions intelligent robots entering households within two years, significantly impacting daily lifestyles. XPENG Robotics is committed to innovation in the household robot market.