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XPENG Announces Vehicle Delivery Results for September and Third Quarter 2024

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XPENG announced record-breaking vehicle delivery results for September and Q3 2024. September deliveries reached 21,352 units, a 39% year-over-year increase and 52% month-over-month growth. The newly launched XPENG MONA M03 exceeded 10,000 deliveries in its first month. Q3 2024 saw 46,533 units delivered, up 16% year-over-year. For the first nine months of 2024, deliveries totaled 98,561 units, a 21% increase from the previous year.

The company reported strong demand for the MONA M03, citing its competitive pricing and superior configurations. XPENG's XNGP system achieved an 83% monthly active user penetration rate in urban driving. The AI Tianji XOS 5.3 update was rolled out, offering 32 feature updates and 38 functional upgrades. XPENG also expanded into Spanish and Portuguese markets with the G9, G6, and P7 models. The company plans to unveil the AI-defined XPENG P7+ in October and participate in the 2024 Paris Motor Show.

XPENG ha annunciato risultati record per le consegne di veicoli di settembre e del terzo trimestre del 2024. Le consegne di settembre hanno raggiunto 21.352 unità, con un incremento del 39% rispetto all'anno precedente e un aumento del 52% rispetto al mese precedente. Il nuovo modello XPENG MONA M03 ha superato le 10.000 consegne nel suo primo mese. Nel terzo trimestre del 2024 sono state consegnate 46.533 unità, in crescita del 16% rispetto all'anno precedente. Nei primi nove mesi del 2024, le consegne hanno raggiunto un totale di 98.561 unità, con un aumento del 21% rispetto all'anno precedente.

L'azienda ha riportato una forte domanda per il MONA M03, citando il suo prezzo competitivo e le configurazioni superiori. Il sistema XNGP di XPENG ha raggiunto un tasso di penetrazione del 83% di utenti attivi mensili nella guida urbana. È stato distribuito l'aggiornamento AI Tianji XOS 5.3, che offre 32 aggiornamenti delle funzionalità e 38 upgrade funzionali. XPENG ha anche espanso il suo mercato in Spagna e Portogallo con i modelli G9, G6 e P7. L'azienda prevede di svelare l'XPENG P7+ definito dall'AI a ottobre e di partecipare al Salone dell'Auto di Parigi 2024.

XPENG anunció resultados de entrega de vehículos récord para septiembre y el tercer trimestre de 2024. Las entregas de septiembre alcanzaron 21,352 unidades, un aumento del 39% en comparación con el año anterior y un crecimiento del 52% en comparación con el mes anterior. El recién lanzado XPENG MONA M03 superó las 10,000 entregas en su primer mes. En el tercer trimestre de 2024, se entregaron 46,533 unidades, un 16% más que el año pasado. En los primeros nueve meses de 2024, las entregas totalizaron 98,561 unidades, un incremento del 21% respecto al año anterior.

La compañía informó sobre una fuerte demanda del MONA M03, citando su precio competitivo y configuraciones superiores. El sistema XNGP de XPENG logró una tasa de penetración mensual de usuarios activos del 83% en la conducción urbana. Se lanzó la actualización AI Tianji XOS 5.3, que ofrece 32 actualizaciones de funciones y 38 mejoras funcionales. XPENG también se expandió a los mercados español y portugués con los modelos G9, G6 y P7. La empresa planea presentar el XPENG P7+ definido por AI en octubre y participar en el Salón del Automóvil de París 2024.

XPENG은 2024년 9월 및 3분기 차량 인도 기록을 발표했습니다. 9월 인도는 21,352대에 달했습니다, 이는 전년 대비 39% 증가하고, 전월 대비 52% 성장한 수치입니다. 새롭게 출시된 XPENG MONA M03는 첫 달에 10,000대를 초과했습니다. 2024년 3분기에는 46,533대가 인도되었습니다, 전년 대비 16% 증가했습니다. 2024년 첫 9개월 동안, 인도 총량은 98,561대로, 전년 대비 21% 상승했습니다.

회사는 MONA M03에 대한 강력한 수요를 보고했으며, 경쟁력 있는 가격과 우수한 구성으로 인해 그러한 수요가 발생했다고 설명했습니다. XPENG의 XNGP 시스템은 도시 운전에서 월간 활성 사용자 침투율 83%를 기록했습니다. AI Tianji XOS 5.3 업데이트가 배포되었으며, 32개 기능 업데이트와 38개 기능 개선을 제공합니다. XPENG은 G9, G6, P7 모델과 함께 스페인 및 포르투갈 시장으로 확장했습니다. 회사는 10월에 AI 기반의 XPENG P7+를 공개하고 2024 파리 모터쇼에 참가할 예정입니다.

XPENG a annoncé des résultats de livraison de véhicules historiques pour septembre et le troisième trimestre 2024. Les livraisons de septembre ont atteint 21 352 unités, soit une augmentation de 39 % par rapport à l'année précédente et une croissance de 52 % par rapport au mois précédent. Le nouveau modèle XPENG MONA M03 a dépassé les 10 000 livraisons au cours de son premier mois. Pour le troisième trimestre 2024, 46 533 unités ont été livrées, en hausse de 16 % par rapport à l'année précédente. Au cours des neuf premiers mois de 2024, les livraisons ont totalisé 98 561 unités, soit une augmentation de 21 % par rapport à l'année précédente.

L'entreprise a rapporté une forte demande pour le MONA M03, mettant en avant son prix compétitif et ses configurations supérieures. Le système XNGP de XPENG a atteint un taux de pénétration mensuel d'utilisateurs actifs de 83 % dans les trajets urbains. La mise à jour AI Tianji XOS 5.3 a été déployée, offrant 32 mises à jour de fonctionnalités et 38 améliorations fonctionnelles. XPENG s'est également étendu sur les marchés espagnol et portugais avec les modèles G9, G6 et P7. L'entreprise prévoit de présenter l'XPENG P7+ défini par l'IA en octobre et de participer au Salon de l'auto de Paris 2024.

XPENG hat Rekordergebnisse für die Fahrzeuglieferungen im September und im dritten Quartal 2024 bekannt gegeben. Die Lieferungen im September beliefen sich auf 21.352 Einheiten, was einem Anstieg von 39 % im Vergleich zum Vorjahr und einem Wachstum von 52 % im Vergleich zum Vormonat entspricht. Das neu eingeführte XPENG MONA M03 überstieg im ersten Monat 10.000 Lieferungen. Im dritten Quartal 2024 wurden 46.533 Einheiten ausgeliefert, ein Anstieg von 16 % im Jahresvergleich. In den ersten neun Monaten des Jahres 2024 beliefen sich die Lieferungen insgesamt auf 98.561 Einheiten, was einem Anstieg von 21 % im Vergleich zum Vorjahr entspricht.

Das Unternehmen berichtete von einer starken Nachfrage nach dem MONA M03, wobei es auf die wettbewerbsfähigen Preise und die überlegenen Konfigurationen hinweist. Das XNGP-System von XPENG erreichte eine monatliche aktive Benutzerpenetrationsrate von 83 % im urbanen Verkehr. Das AI Tianji XOS 5.3-Update wurde veröffentlicht und bietet 32 Funktionsupdates und 38 funktionale Upgrades. XPENG hat auch auf den spanischen und portugiesischen Markt mit den Modellen G9, G6 und P7 expandiert. Das Unternehmen plant, im Oktober den AI-definierten XPENG P7+ vorzustellen und am Pariser Autosalon 2024 teilzunehmen.

Positive
  • Record-breaking monthly deliveries of 21,352 units in September 2024, up 39% YoY
  • Q3 2024 deliveries increased 16% YoY to 46,533 units
  • XPENG MONA M03 exceeded 10,000 deliveries in its first month
  • 83% monthly active user penetration rate for XNGP in urban driving
  • Expansion into Spanish and Portuguese markets with G9, G6, and P7 models
Negative
  • None.

Insights

XPENG's September delivery results are impressive, showing strong growth momentum. The 39% year-over-year increase in monthly deliveries to 21,352 units sets a new record, indicating robust demand for their Smart EVs. The Q3 deliveries of 46,533 units, up 16% year-over-year, further solidify this positive trend.

The successful launch of XPENG MONA M03, with over 10,000 units delivered in its first month, demonstrates the company's ability to introduce popular new models. This diversification of product lineup could help XPENG capture different market segments and potentially increase market share.

The company's focus on AI and ADAS technologies, with high user penetration rates, suggests a strong competitive edge in the smart EV market. The expansion into European markets like Spain and Portugal indicates XPENG's ambitions for international growth, which could be a significant driver for future revenue.

Overall, these delivery numbers and strategic initiatives paint a positive picture for XPENG's growth trajectory and market position in the competitive EV industry.

XPENG's technological advancements are noteworthy. The 83% monthly active user penetration rate for XNGP in urban driving is impressive, indicating high user engagement with their advanced driver assistance systems. The rollout of AI Tianji XOS 5.3 with 32 feature updates and 38 functional upgrades showcases XPENG's commitment to continuous improvement and innovation in software.

The company's focus on end-to-end large AI models for ADAS features is particularly significant. The ability to handle complex driving scenarios like ETC passing, U-turns and roundabouts demonstrates advanced AI capabilities that could set XPENG apart in the competitive smart EV market.

The upcoming unveiling of XPENG P7+ as an "AI-defined car" suggests a strategic shift towards AI-centric vehicle design, potentially leading to more integrated and sophisticated smart driving experiences. This approach could appeal to tech-savvy consumers and help XPENG maintain a competitive edge in the rapidly evolving EV industry.

  • Deliveries in September 2024 set a new monthly record of 21,352 units, a 39% increase year-over-year
  • The first month of deliveries of XPENG MONA M03 exceeded 10,000 units in September
  • 46,533 units delivered in Q3 2024, a 16% increase year-over-year

GUANGZHOU, China, Oct. 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 September and the third quarter 2024.

In September 2024, XPENG delivered 21,352 Smart EVs, a new record for monthly deliveries, representing increases of 39% year-over-year and 52% over the prior month. At the same time, the first month of deliveries of XPENG MONA M03 exceeded 10,000 units. For the first nine months of 2024, XPENG delivered 98,561 Smart EVs, a 21% increase from the same period last year.

With a broad array of superior configurations and competitive pricing, XPENG MONA M03 has experienced a significant increase in orders since its market launch. XPENG and supply chain partners are sparing no effort to prepare for XPENG MONA M03’s further production ramp-up.

In September, XNGP’s monthly active user penetration rate in urban driving reached 83%. XPENG rolled out its AI Tianji XOS 5.3 to all eligible owners in China on September 25, enhancing their experience with 32 feature updates and 38 functional upgrades. Empowered by end-to-end large AI models, XPENG’s ADAS features can deliver seamless smart driving on all public roads, including passing electronic toll collection (ETC), navigating U-turns and roundabouts, and much more.

Additionally, after successful launch events in Madrid and Lisbon in September, XPENG officially introduced the G9, G6 and P7 models to the Spanish and Portuguese markets.

Looking ahead, the Company expects to unveil XPENG P7+, positioned as AI-defined car, in October 2024. XPENG will also showcase its state-of-the-art AI technologies and applications and its new model lineup at the 2024 Paris Motor Show from October 14 to 21.

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.


FAQ

How many vehicles did XPENG (XPEV) deliver in September 2024?

XPENG (XPEV) delivered 21,352 Smart EVs in September 2024, setting a new monthly record.

What was XPENG's (XPEV) delivery growth rate in Q3 2024 compared to the previous year?

XPENG (XPEV) delivered 46,533 units in Q3 2024, representing a 16% increase year-over-year.

How many XPENG MONA M03 units were delivered in its first month?

The XPENG MONA M03 exceeded 10,000 deliveries in its first month of sales in September 2024.

What was XPENG's (XPEV) XNGP monthly active user penetration rate in urban driving for September 2024?

XPENG's (XPEV) XNGP monthly active user penetration rate in urban driving reached 83% in September 2024.

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