Xpeng Inc Stock Price, News & Analysis

XPeng Inc. (NYSE: XPEV) reported impressive vehicle delivery results for April 2022, delivering 9,002 Smart EVs, a 75% year-over-year increase. This includes 3,714 P7 smart sports sedans, 3,564 P5 smart family sedans, and 1,724 G3i and G3 compact SUVs. Year-to-date, total deliveries reached 43,563, reflecting a 136% increase compared to the same period last year. The company continues to address challenges posed by COVID, impacting supply chain and manufacturing in China.

XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle company, will report its first quarter 2022 unaudited financial results on May 23, 2022, before the U.S. market opens. The management will host a conference call at 8:00 AM ET on the same day. Interested parties can join via various dial-in numbers provided for the U.S., UK, and international callers. A live webcast of the call will be accessible on the company's investor relations website, with a replay available until May 30, 2022.

XPeng Inc. (NYSE: XPEV), a leading smart electric vehicle company in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 28, 2022. This report includes the Company’s audited consolidated financial statements and is available on the SEC website and the Company's investor relations site. Shareholders can request a hard copy of the report free of charge. XPeng focuses on technology-driven smart EV solutions and aims to enhance customer mobility experiences.

XPeng Inc. (NYSE: XPEV) announced a strategic cooperation agreement with the Agricultural Bank of China (ABC) Guangdong Branch, securing a comprehensive credit line of up to RMB7.5 billion. This credit will support its subsidiaries and affiliates in China, reflecting the financial institution's trust in XPeng's fundamentals. The agreement aims to diversify funding channels and enhance cash management efficiencies. In 2021, XPeng delivered 98,155 smart EVs, a 263% increase from 2020, with total revenue exceeding RMB20 billion, marking a 259% year-on-year growth.

XPeng Inc. reported a robust performance in March 2022, delivering 15,414 Smart EVs, marking a 202% increase year-over-year and a 148% month-over-month growth. For Q1 2022, total deliveries reached 34,561 vehicles, reflecting a 159% increase year-over-year. Among March deliveries, the P7 smart sports sedan saw an impressive milestone with over 9,000 units delivered. As of March 31, 2022, cumulative deliveries stood at 172,514 vehicles.

XPeng reported its fourth-quarter 2021 results showcasing robust growth. Quarterly vehicle deliveries reached 41,751, up 222% year-over-year, contributing to total revenues of RMB8,556.0 million (US$1,342.6 million), a 200.1% increase. The gross margin improved to 12.0%, up 4.6 percentage points year-over-year. Despite strong revenue growth, the company reported a net loss of RMB1,287.2 million (US$202.0 million). For the full year, XPeng delivered 98,155 vehicles, achieving total revenues of RMB20,988.1 million and a 12.5% gross margin.

The XPENG P7 smart sports sedan has become the first Chinese pure-EV model to achieve the production milestone of 100,000 units, reaching this mark in just 695 days since its launch on April 27, 2020. This accomplishment highlights the P7's recognition by customers for its quality and smart features, as well as XPENG's efficient production and supply chain. Additionally, the company launched the P7 562E Black Label Edition, which is set to debut on April 10, 2022, further expanding their EV offerings.

Rockets Capital announced the successful first closing of over US$200 million in capital commitments, led by strategic anchor investor XPeng Inc. (NYSE: XPEV). The fund focuses on venture and growth investments in the Smart EV sector and clean energy. Rockets Capital aims to leverage XPeng's expertise to nurture new technologies and provide strong investment returns. The fund's team comprises experienced professionals from leading Smart EV firms.

XPENG, a smart electric vehicle leader, has joined three prominent European automobile associations: AVERE, Royal RAI Vereniging, and BIL Sweden. This membership emphasizes the company's commitment to sustainable mobility in Europe. XPENG aims to leverage its expertise in innovative technology to contribute to the European Commission's Sustainable Mobility Strategy. Executives from XPENG expressed excitement about collaborating with industry stakeholders to advance electrification and automation in the automotive sector.