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XPENG Announces Vehicle Delivery Results for August 2024

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XPENG (NYSE: XPEV, HKEX: 9868) reported 14,036 Smart EV deliveries in August 2024, marking a 3% year-over-year increase and a 26% rise from the previous month. Year-to-date deliveries reached 77,209 units, up 17% from the same period last year. The company launched its MONA M03 intelligent all-electric hatchback coupe, priced between RMB119,800 and RMB155,800, featuring high-level ADAS functionality for under RMB200,000. XPENG announced its goal to become a global AI-defined automotive company, unveiling new AI technologies including the XPENG Turing chip and next-generation AI Hawkeye Visual Solution. The company also reported an 85% monthly active user penetration rate for XNGP in urban driving.

XPENG (NYSE: XPEV, HKEX: 9868) ha riportato 14.036 consegne di Smart EV ad agosto 2024, segnando un incremento del 3% rispetto all'anno precedente e un aumento del 26% rispetto al mese precedente. Le consegne da inizio anno hanno raggiunto 77.209 unità, in crescita del 17% rispetto allo stesso periodo dell'anno scorso. L'azienda ha lanciato la sua MONA M03, una coupé hatchback completamente elettrica e intelligente, con un prezzo compreso tra RMB119.800 e RMB155.800, dotata di funzionalità ADAS di alto livello per meno di RMB200.000. XPENG ha annunciato il suo obiettivo di diventare un azienda automobilistica globale definita dall'IA, svelando nuove tecnologie AI tra cui il chip XPENG Turing e la soluzione visiva AI Hawkeye di nuova generazione. L'azienda ha anche riportato un tasso di penetrazione mensile degli utenti attivi dell'85% per XNGP nella guida urbana.

XPENG (NYSE: XPEV, HKEX: 9868) reportó 14,036 entregas de Smart EV en agosto de 2024, marcando un incremento del 3% interanual y un aumento del 26% respecto al mes anterior. Las entregas acumuladas hasta la fecha alcanzaron 77,209 unidades, un 17% más que el mismo periodo del año pasado. La compañía lanzó su MONA M03, un hatchback coupe completamente eléctrico e inteligente, con un precio entre RMB119,800 y RMB155,800, que cuenta con alta funcionalidad ADAS por menos de RMB200,000. XPENG anunció su objetivo de convertirse en una compañía automotriz global definida por IA, presentando nuevas tecnologías de IA, incluyendo el chip XPENG Turing y la solución visual AI Hawkeye de nueva generación. La empresa también informó un tasa de penetración de usuarios activos mensuales del 85% para XNGP en la conducción urbana.

XPENG (NYSE: XPEV, HKEX: 9868)는 2024년 8월에 14,036대의 스마트 EV를 인도했다고 보고하며, 이는 전년 대비 3% 증가지난 달 대비 26% 증가를 나타냅니다. 연초부터 현재까지 인도된 대수는 77,209대에 달하며, 이는 지난해 같은 기간 대비 17% 증가한 수치입니다. 회사는 MONA M03라는 지능형 완전 전기 해치백 쿠페를 출시했으며, 가격은 RMB119,800에서 RMB155,800 사이이고, RMB200,000 이하로 고급 ADAS 기능을 갖추고 있습니다. XPENG는 AI로 정의된 글로벌 자동차 회사가 되겠다는 목표를 발표하며, XPENG 투링 칩과 차세대 AI 하와이 비주얼 솔루션을 포함한 새로운 AI 기술을 선보였습니다. 회사는 또한 도심 주행에서 XNGP에 대한 85%의 월간 활성 사용자 침투율을 보고했습니다.

XPENG (NYSE: XPEV, HKEX: 9868) a rapporté 14.036 livraisons de Smart EV en août 2024, marquant une augmentation de 3% par rapport à l'année précédente et une hausse de 26% par rapport au mois précédent. Les livraisons depuis le début de l'année ont atteint 77.209 unités, en hausse de 17% par rapport à la même période l'année dernière. L'entreprise a lancé sa MONA M03, un coupé hatchback entièrement électrique et intelligent, dont le prix se situe entre RMB119.800 et RMB155.800, offrant des fonctionnalités ADAS de haut niveau pour moins de RMB200.000. XPENG a annoncé son objectif de devenir une entreprise automobile mondiale définie par l'IA, dévoilant de nouvelles technologies d'IA, y compris la puce XPENG Turing et la solution visuelle AI Hawkeye de nouvelle génération. La société a également rapporté un taux de pénétration mensuel des utilisateurs actifs de 85% pour XNGP dans la conduite urbaine.

XPENG (NYSE: XPEV, HKEX: 9868) meldete 14.036 Smart EV Auslieferungen im August 2024, was einen jährlichen Anstieg von 3% und einen 26%-igen Anstieg im Vergleich zum Vormonat bedeutet. Die Gesamtzahl der Auslieferungen seit Jahresbeginn erreichte 77.209 Einheiten, ein Anstieg von 17% im Vergleich zum Vorjahreszeitraum. Das Unternehmen hat seinen MONA M03 intelligentes vollelektrisches Hatchback-Coupé auf den Markt gebracht, das zwischen RMB119.800 und RMB155.800 kostet und über hochmoderne ADAS-Funktionen für unter RMB200.000 verfügt. XPENG kündigte an, das Ziel zu verfolgen, ein globales, KI-definiertes Automobilunternehmen zu werden, und stellte neue KI-Technologien vor, darunter den XPENG Turing-Chip und die nächste Generation der AI Hawkeye Visual Solution. Das Unternehmen berichtete außerdem von einer 85%igen monatlichen aktiven Nutzerquote für XNGP im urbanen Fahrbetrieb.

Positive
  • 14,036 Smart EVs delivered in August 2024, up 3% year-over-year and 26% month-over-month
  • 77,209 Smart EVs delivered in the first eight months of 2024, a 17% increase year-over-year
  • Launch of MONA M03, offering high-level ADAS functionality for under RMB200,000
  • 85% monthly active user penetration rate for XNGP in urban driving
Negative
  • None.

Insights

XPENG's August delivery figures show modest year-over-year growth of 3%, but a more substantial month-over-month increase of 26%. This suggests improving momentum in the short term. The year-to-date deliveries of 77,209 units, up 17% year-over-year, indicate steady growth in a competitive market. The launch of the MONA M03, priced between RMB119,800 and RMB155,800, targets a more affordable segment, potentially expanding XPENG's market reach. However, the impact on margins and profitability needs monitoring. The focus on AI and advanced driver-assistance systems (ADAS) aligns with industry trends but may require significant R&D investment.

XPENG's technological advancements are noteworthy. The MONA M03 offering high-level ADAS for under RMB200,000 is a significant milestone, potentially democratizing advanced driving features. The unveiling of the XPENG Turing chip for multiple applications (robots, AI-defined cars, eVOTLs) showcases the company's ambition in AI integration. The next-generation AI Hawkeye Visual Solution, being LIDAR-independent, could lead to cost reductions in high-level ADAS. The 85% monthly active user penetration rate for XNGP in urban driving indicates strong user adoption of XPENG's ADAS technology. These innovations position XPENG competitively in the evolving smart EV landscape.

XPENG's strategy to target younger audiences with the MONA M03 is astute, given the growing importance of this demographic in the EV market. The pricing strategy, offering advanced features at a more accessible price point, could disrupt the market and pressure competitors. The company's pivot towards becoming a "global AI-defined automotive company" aligns with broader industry trends but may face challenges in international markets due to regulatory differences and established competitors. The rapid OTA upgrade rollout to overseas owners demonstrates XPENG's commitment to global expansion. However, the true test will be sustained sales growth and market share gains in both domestic and international markets.

14,036 vehicles delivered in August 2024, a 3% increase year-over-year and up 26% over the prior month

GUANGZHOU, China, Sept. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for August 2024.

XPENG delivered 14,036 Smart EVs in August, representing increases of 3% year-over-year and 26% over the prior month. In the first eight months of 2024, XPENG delivered 77,209 Smart EVs, a 17% increase from the same period last year.

On August 27, 2024, XPENG held its 10th Anniversary Gala Night along with the official market launch of MONA M03, an intelligent all-electric hatchback coupe with three versions at prices ranging between RMB119,800 and RMB155,800, in China. With its Max version featuring the XNGP ADAS, MONA M03 is the world’s first mass-produced vehicle to offer high-level ADAS functionality for under RMB200,000.

On August 30, 2024, the first batch of MONA M03s was delivered to customers at the Chengdu Auto Show. As the first model to usher in XPENG’s second decade, MONA M03 boasts attractive styling, advanced intelligence and superior drivability surpassing those commonly found in the above-RMB200,000 market segment, affordably bringing a new flagship for the AI-defined smart mobility era to younger audiences.

During the event, XPENG also announced its new goal for the next ten years: to become a global AI-defined automotive company. Accordingly, the Company unveiled its AI architecture as well as the XPENG Turing chip that is applicable to robots, AI-defined cars and eVOTLs. The Company also introduced XPENG’s next-generation AI Hawkeye Visual Solution - China’s first mass-produced visual-based solution for high-level ADAS that’s not reliant on LIDAR.

In August, XPENG rolled out its over-the-air (OTA) AI Tianji XOS 5.2 upgrade to all eligible overseas owners, bringing them a seamless OTA experience at an unprecedented speed. In August, XNGP’s monthly active user penetration rate in urban driving reached 85%.

Picture1.jpg(XPENG MONA M03s lined up for nationwide delivery)

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. XPENG’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goals and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the SEC. All information provided in this press release is as of the date of this press release, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts:

For Investor Enquiries:

IR Department
XPeng Inc.
Email: ir@xiaopeng.com

Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com

For Media Enquiries:

PR Department
XPeng Inc.
Email: pr@xiaopeng.com

Source: XPeng Inc.

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3e96044-90c8-4c95-815d-0e6dffd220dc


FAQ

How many vehicles did XPEV deliver in August 2024?

XPENG (XPEV) delivered 14,036 Smart EVs in August 2024.

What was XPEV's year-over-year delivery growth in August 2024?

XPENG's (XPEV) deliveries in August 2024 increased by 3% year-over-year.

What is the price range of XPEV's new MONA M03 model?

The XPENG (XPEV) MONA M03 is priced between RMB119,800 and RMB155,800 in China.

What is XPEV's new long-term goal announced at its 10th Anniversary Gala Night?

XPENG (XPEV) announced its goal to become a global AI-defined automotive company over the next ten years.

XPeng Inc. American depositary shares, each representing two

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