Xpeng Inc Stock Price, News & Analysis

Xpeng Inc. (NYSE: XPEV) reported vehicle deliveries of 4,224 Smart EVs for November 2020, a remarkable 342% year-over-year increase. This includes 2,732 deliveries of the P7 sports sedan and 1,492 of the G3 compact SUV. Year-to-date deliveries reached 21,341 units, marking an 87% increase from the previous year, with 11,371 P7s delivered since mass delivery began in June 2020. Xpeng focuses on technology-driven Smart EV transformation and develops its own autonomous driving technology and operating systems.

Xpeng Inc. (NYSE: XPEV) has launched the P7 Wing, a limited edition model of its P7 smart electric vehicle, at the 2020 Auto Guangzhou show. This edition features a sporty design with unique scissor-style front doors, available in high-performance four-wheel drive and super-long range rear-wheel drive versions, priced at RMB409,000 and RMB366,900 post-subsidies, respectively. It includes XPILOT 3.0 technology and a premium Dynaudio sound system. The P7 Wing allows for personalized door operations and offers multiple unlocking methods, enhancing exclusivity for owners.

Xpeng Inc. (NYSE: XPEV) has unveiled its next-generation autonomous driving architecture, highlighted by the adoption of Lidar technology. This breakthrough in hardware enhances high-precision object recognition and safety in Smart EVs. Key advancements include:

• 32 sensors for robust safety
• 5G RTK positioning for centimeter-level accuracy
• Enhanced perception fusion for improved detection in low-light conditions
• Increased computing power set to exceed 200 TOPS

These developments aim to enable efficient, safer autonomous driving across diverse conditions.

XPeng Inc. (XPEV) announced its third-quarter financial results for 2020, showcasing a 342.5% increase in total revenues to RMB1,990.1 million (US$293.1 million) from RMB449.7 million in Q3 2019. Vehicle deliveries surged 265.8% year-over-year to 8,578 units, with the P7 model accounting for 6,210 of those deliveries. However, the company reported a net loss of RMB1,148.8 million (US$169.2 million). Looking ahead, XPeng anticipates approximately 10,000 vehicle deliveries and revenues of RMB2,200 million in Q4 2020, reflecting significant growth expectations.

XPeng Inc. (XPEV) reported impressive vehicle delivery results for October 2020, with a total of 3,040 Smart EVs delivered, marking a 229% year-over-year increase. The P7 model accounted for 2,104 deliveries, while 936 G3s were sold. Year-to-date deliveries reached 17,117 units, up 64% from 2019. Despite challenges from the Golden Week holiday, the company notes robust demand for its vehicles and efficient production, achieving a milestone of 10,000 P7s produced within just 160 days of mass production commencement.

XPeng Inc. (NYSE: XPEV) announced it will report its third quarter 2020 unaudited financial results on November 12, 2020, before U.S. market open. A conference call is scheduled for the same day at 8:00 AM ET to discuss the results with investors. The earnings report will provide insights on XPeng's performance in the growing Chinese smart electric vehicle market, as the company aims to enhance its position with advanced technology and strong consumer appeal.

XPeng Inc. (NYSE: XPEV) has achieved a significant milestone by completing the production of its 10,000th P7 smart EV sedan at its Zhaoqing factory on October 20, 2020. This accomplishment was reached ahead of schedule, showcasing XPeng's strong supply chain management and manufacturing capabilities. The P7 offers an impressive 706km driving range, the longest among production EVs in China, and features advanced autonomous driving technology. The factory, which received its production license in May, completed the 10,000 units in just 160 days, setting a record in the new EV sector.

XPeng Inc. (NYSE: XPEV) announced record vehicle deliveries for September 2020, with 3,478 Smart EVs delivered, marking a 31% increase from August and a 145% increase year-over-year. In Q3 2020, total deliveries reached 8,578 Smart EVs, up 266% from the previous year. The deliveries included 6,210 P7s and 2,368 G3s. Additionally, XPeng began construction on a new Smart EV manufacturing base in Guangzhou, expected to enhance production capabilities by December 2022.

XPeng Inc. has entered a Cooperation Agreement with Guangzhou GET Investment Holdings, which will provide RMB4 billion to support the construction of a Smart EV manufacturing base in Guangzhou. This new facility will enhance XPeng's production capabilities and accommodate 100,000 units annually from its existing plant in Zhaoqing. The agreement includes up to RMB1.3 billion for the base's construction and RMB1.2 billion for manufacturing equipment, with production expected to start by December 2022. This partnership underscores XPeng's strategic growth objectives in the competitive Smart EV market.