Welcome to our dedicated page for Xpeng news (Ticker: XPEV), a resource for investors and traders seeking the latest updates and insights on Xpeng stock.
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 announced its vehicle delivery results for May 2024. The company delivered 10,146 Smart EVs, marking a 35% year-over-year increase and an 8% rise from April. The XPENG X9 achieved 1,625 unit deliveries, maintaining its top-selling status in China. Year-to-date deliveries reached 41,360, a 26% increase from last year. The XNGP's monthly active user penetration in urban areas was 84%, with a total test mileage exceeding 6.46 million kilometers. During AI Day on May 20, XPENG rolled out its AI-powered in-car operating system, XOS 5.1.0, reinforcing its leadership in AI applications within the auto industry.
XPeng reported its Q1 2024 unaudited financial results. The company had cash and equivalents of RMB41.40 billion (US$5.73 billion) as of March 31, 2024. Total revenues were RMB6.55 billion, a 49.8% decrease quarter-over-quarter but a 62.3% increase year-over-year. Vehicle sales revenue was RMB5.54 billion, down 54.7% QoQ but up 57.8% YoY. The gross margin increased to 12.9%, up from 6.2% in Q4 2023. The net loss was RMB1.37 billion, compared to a net loss of RMB2.34 billion in Q1 2023. XPeng delivered 21,821 vehicles, a 19.7% YoY increase. The company operates 574 stores and 1,171 charging stations across 178 cities. In April 2024, total deliveries reached 9,393 vehicles. For Q2 2024, XPeng expects deliveries between 29,000 and 32,000 vehicles, with revenues of RMB7.5 billion to RMB8.3 billion.
XPENG Motors has launched XOS 5.1.0, the first AI-powered in-car OS called Tianji, on May 20, 2024. This system integrates advanced AI technology to enhance smart driving experiences for eligible XPENG models. Key features include the AI assistant Xiao P, AI Chauffeur, and AI Bodyguard.
The OS utilizes XPENG's deep neural network XNet, planning model XPlanner, and language model XBrain, significantly improving perception, planning, and decision-making capabilities. The system promises enhanced driving safety and comfort through high-level autonomous driving capabilities.
XPENG plans to extend smart driving features to all roads in China by Q3 2024 and achieve L4-level autonomous driving by 2025. The company is investing heavily in R&D, with plans to recruit 4,000 professionals and allocate 3.5 billion renminbi in 2024.
XPENG, a leading Chinese smart electric vehicle company, will report its first quarter 2024 unaudited financial results on May 21, 2024. The earnings call is scheduled for 8:00 a.m. ET on the same day. Participants can join the call via pre-registration link. XPENG focuses on designing, developing, and manufacturing Smart EVs for tech-savvy middle-class consumers. The Company aims to drive Smart EV transformation with cutting-edge technology.
XPENG Inc. reported a 33% year-on-year increase in vehicle deliveries for April 2024, with 9,393 Smart EVs delivered. The X9 MPV achieved nearly 10,000 deliveries since its launch, showcasing steady growth in the electric vehicle market. XPENG also unveiled new AI-powered innovations and announced the launch of XOS 5.1.0, integrating AI into smart cockpits and driving systems, further solidifying its position as an industry leader.
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