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XPeng Inc. (XPEV) is a leading innovator in smart electric vehicles, integrating advanced autonomous driving systems with AI-powered mobility solutions. This dedicated news hub provides investors and industry observers with essential updates on XPeng's technological advancements, market strategies, and operational milestones.
Access authoritative coverage of XPeng's quarterly financial results, vehicle technology breakthroughs, manufacturing expansions, and strategic partnerships. Our curated collection includes official press releases about new model launches, software updates for XPeng's Navigation Guided Pilot system, and international market entries across Europe and Asia.
Stay informed about developments in XPeng's full-stack autonomous driving research, battery technology innovations, and smart manufacturing processes. The resource is particularly valuable for tracking the company's progress in ADAS capabilities and its competition within the global smart EV sector.
Bookmark this page for streamlined access to XPeng's latest business updates, regulatory filings, and leadership announcements. Regularly updated content ensures you maintain current awareness of this dynamic company's position in the evolving electric vehicle industry.
XPENG reported strong Q4 and FY2024 financial results, with significant growth in deliveries and revenues. Q4 total revenues reached RMB16.11 billion (US$2.21 billion), up 59.4% quarter-over-quarter. The company delivered 91,507 vehicles in Q4, a 52.1% increase year-over-year.
Q4 gross margin improved to 14.4%, up 8.2 percentage points from 2023, while vehicle margin reached 10.0%. Full-year vehicle deliveries totaled 190,068 units, up 34.2% year-over-year, with annual revenues of RMB40.87 billion, representing a 33.2% increase.
The company maintained a strong financial position with RMB41.96 billion (US$5.75 billion) in cash and equivalents. XPENG's physical network expanded to 690 stores across 226 cities, with 1,920 self-operated charging stations, including 928 ultra-fast charging stations.
XPENG (NYSE: XPEV, HKEX: 9868), a leading Chinese smart electric vehicle company, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for Tuesday, March 18, 2025, before U.S. markets open.
The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) on the same day. A live and archived webcast will be available on XPENG's investor relations website. The conference call replay will be accessible until March 25, 2025.
XPENG reported strong delivery results for February 2025, with 30,453 Smart EVs delivered, representing a 570% increase year-over-year. The company's performance was driven by continued success of key models:
The MONA M03 maintained over 15,000 deliveries for three consecutive months, while the P7+ achieved 30,000 cumulative deliveries within its first three months. Year-to-date deliveries reached 60,803 units, up 375% compared to the same period in 2024.
Smart driving features showed significant adoption, with XNGP's urban driving penetration reaching 86% in February. During the Spring Festival, smart driving usage metrics increased substantially, with total mileage and time up 98.2% and 103.5% respectively. The company also launched the 2025 Edition of G6 in China and announced plans to develop its Turing AI Smart Driving system for international markets.
XPENG has announced its expansion into Switzerland, Czech Republic, and Slovakia through a partnership with Hedin Mobility Group as distributor and importer. Sales will commence in Q2 2025, featuring three models: the P7 sedan, G9 flagship SUV, and G6 coupe SUV - all with Euro NCAP 5-star safety ratings.
This strategic move strengthens XPENG's European presence, which began in Norway in 2021 and now spans 14 countries. The company aims to operate in over 60 global markets by end-2025, targeting 50% of sales from overseas markets. Hedin Mobility Group, with operations in 14 countries and 218,000 vehicles sold in 2023, adds XPENG as its fourteenth distribution brand.
XPENG has appointed Inchcape as its distributor and strategic partner for Poland, with sales starting in Q2 2025. Three models will be available: the P7 sedan, G9 flagship SUV, and G6 coupe SUV, all with Euro NCAP 5-star safety ratings.
Poland represents XPENG's largest market in Eastern Europe, chosen for its large population, territory, and growing EV market potential. The company has manufactured over 620,000 smart EVs since 2018 and plans to be present in more than 60 countries by end-2025.
Key vehicle features include:
- SEPA 2.0 platform with 800V fast-charging (120km in 5 minutes)
- CTB technology integration
- Impressive range (570-576km WLTP)
- High performance (P7: 473hp, G9: 551hp, G6: 476hp)
- 5-year warranty and free OTA updates
XPENG has officially launched in the UK market, marking a significant expansion of its global footprint. The company announced the pre-sale of its first right-hand drive model, the G6 Ultra Smart Coupe SUV, starting at £39,990 with deliveries scheduled for March 2025.
Through a partnership with International Motors (IML), XPENG plans to establish 20 dealerships across the UK in 2025. The company showcased its mobility ecosystem, including the P7+ (world's first AI-defined vehicle), G6, G9, X9, and the eVTOL X2 flying car.
The UK launch follows XPENG's successful expansion across European markets since 2021, with the company having delivered over 620,000 Smart EVs globally. Recent strategic partnerships with Volkswagen and BP Pulse aim to develop super-fast charging networks. XPENG targets presence in more than 60 countries and regions by the end of 2025.
XPENG reported strong delivery results for January 2025, with 30,350 Smart EVs delivered, marking a 268% increase year-over-year and the third consecutive month exceeding 30,000 units. The MONA M03 maintained over 15,000 monthly deliveries for two straight months, while the P7+ achieved 20,000 cumulative deliveries within two months of launch.
The company's XNGP system reached 87% monthly active user penetration in urban driving. XPENG also launched its updated XOS AI Tianji 5.5.0, featuring door-to-door ADAS and the world's first coach vehicle recognition with bypassing capability. The company expanded globally, introducing the right-hand drive X9 MPV at the Singapore Motor Show and entering Belgium, Luxembourg, Ireland, and Finland markets.
XPENG (NYSE: XPEV) and Volkswagen Group China have signed a Memorandum of Understanding (MOU) to jointly develop one of China's largest super-fast charging networks. The strategic collaboration will provide mutual access to over 20,000 charging piles across 420 cities in China for customers of both companies.
The partnership leverages both companies' technological advantages in high-power liquid-cooled super-fast charging and their complementary coverage across China. The companies will also explore building co-branded super-fast charging stations to accelerate network expansion and improve operational efficiency.
This initiative marks the fourth milestone in the long-term strategic partnership between XPENG and Volkswagen Group, with both parties planning to explore additional strategic collaboration opportunities and technology partnerships.
XPENG has launched its latest global OTA software update, XOS 5.4, introducing advanced features for intelligent driving, safety, and personalization. The update, rolling out from January 2, 2025, includes the new 'AI Guard' system with Sentry Mode for vehicle monitoring and a Driving Recorder for real-time event capture.
Key improvements include voice control support in multiple languages (English, French, German, Cantonese, and Thai), Smart Speed Limit Recognition, and an enhanced Personalized Operating System 2.0 with multitasking capabilities. The update also features X-Combo for automating in-car tasks and refined charging visuals.
XPENG emphasizes its commitment to data privacy and security, maintaining compliance with EU regulations including GDPR, with EU customer data stored in AWS's Frankfurt data center.
XPENG reported strong delivery results for December 2024, with 36,695 Smart EVs delivered, marking an 82% year-over-year increase and 19% month-over-month growth. The company's Q4 2024 deliveries reached 91,507 units, up 52% year-over-year, exceeding their quarterly guidance. Full-year 2024 deliveries totaled 190,068 units, representing a 34% increase from 2023.
The MONA M03 model maintained strong performance, exceeding 10,000 deliveries for the fourth consecutive month and reaching its 50,000th vehicle production milestone in just four months. The P7+ model received its second OTA upgrade with XOS 5.5.0, introducing advanced smart driving features including the industry's first 'door-to-door' ADAS. XNGP's monthly active user penetration rate in urban driving reached 85.12% in December.