Xpeng Inc Stock Price, News & Analysis

XPeng Inc. reported a significant milestone with 6,225 vehicle deliveries in February 2022, marking a 180% year-over-year increase. This includes 3,537 P7 sports sedans (up 151% year-over-year) and 2,059 P5 family sedans. The company also completed a technology upgrade at its Zhaoqing plant, preparing to address a growing order backlog. Additionally, XPeng is set to join the Hang Seng TECH Index on March 7, 2022, enhancing its visibility among investors.

XPeng Inc. successfully concluded the issuance of RMB775 million ($122 million) in automobile leasing asset-backed securities (ABS), marking its inaugural ABS in the home capital market.

This issuance, the first carbon-neutral automobile ABS on the Shenzhen Stock Exchange, reflects XPeng's commitment to sustainability and ESG initiatives. The ABS attracted significant institutional interest, achieving the lowest coupon rates among Chinese emerging automakers, with the senior A tranche at 3.00% and senior B tranche at 3.50%. Furthermore, XPeng will be included in the Hang Seng TECH Index effective March 2022.

XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle manufacturer, will be included in the Hang Seng TECH Index effective March 7, 2022. This addition highlights XPeng's status as a technology leader in smart mobility and signifies investor confidence in its future prospects. The Hang Seng TECH Index represents the top 30 technology firms in Hong Kong, and the inclusion of 'Autonomous' technology as a theme underscores XPeng's commitment to innovation in self-driving and smart vehicles. XPeng aims to transform smart mobility through advanced technology.

XPENG (NYSE: XPEV) has formed strategic partnerships in the Netherlands with Emil Frey and in Sweden with Bilia to enhance its distribution, sales, and service networks. This move is part of XPENG's effort to expand its European presence and introduces an innovative business model combining direct stores and agency collaborations. XPENG will open branded experience stores in both countries, with the first in the Netherlands set for March 2022. These partnerships aim to improve customer access to XPENG products and services, leveraging local expertise in the automotive retail sector.

XPeng Inc. (NYSE: XPEV, HKEX: 9868), a leading Chinese smart electric vehicle company, announced its inclusion in the Shenzhen-Hong Kong Stock Connect programs starting February 9, 2022. This milestone allows qualified Mainland Chinese investors to access XPeng's shares, enhancing its investor base and growth opportunities. Notably, XPeng is the first smart EV company listed in Hong Kong to join this program. The company's shares have been trading on the HKEX since July 7, 2021, and are fully fungible with its American Depositary Shares on the NYSE.

XPeng Inc. announced its vehicle delivery results for January 2022 with a total of 12,922 Smart EVs delivered, marking a 115% year-over-year increase. This achievement reflects consistent growth, maintaining a monthly benchmark of over 10,000 units for the fifth consecutive month. As of January 31, 2022, cumulative deliveries exceeded 150,000. The delivery figures included 6,707 P7 smart sports sedans, 4,029 P5 smart family sedans, and 2,186 G3 and G3i SUVs.

XPENG, a Chinese smart electric vehicle company, has introduced an upgraded voice assistant for its P7 smart sedan, leveraging Microsoft's custom neural voice technology via Azure AI. This over-the-air (OTA) upgrade enhances voice interaction with lifelike fidelity and functionality, aiming to improve the user experience. The technology aims to minimize network reliance and enhance speech quality, indicating XPENG's commitment to integrating advanced AI solutions into its vehicles. Future updates are planned for other models.

XPeng Inc. announced record delivery figures for December 2021, achieving 16,000 Smart EVs, a 181% increase year-over-year. The company delivered 41,751 vehicles in Q4 2021, up 222% annually, and a total of 98,155 vehicles for the year, marking a 263% increase. Cumulative deliveries reached 137,953 by year-end. The December deliveries included 7,459 P7 sedans and 5,030 P5 family sedans, showcasing robust demand and growth amidst supply chain challenges.