XPENG Reports Strong Vehicle Delivery Growth in September and Q3 2024
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[1]
XPENG Announces Vehicle Delivery Results for September and Third Quarter 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 , 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, 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. 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%. rolled out its AI Tianji XOS 5.3 to all eligible owners in on , 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 and in September, 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 . will also showcase its state-of-the-art AI technologies and applications and its new model lineup at the 2024 Paris Motor Show from . About 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, 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. is headquartered in , with main offices in , , , and . XPENG's Smart EVs are mainly manufactured at its plants in Zhaoqing and , 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 . All information provided in this press release is as of the date of this press release, and does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
[2]
XPENG Announces Vehicle Delivery Results for September and Third Quarter 2024 - XPeng (NYSE:XPEV)
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 September46,533 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), 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/. 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: [email protected] Jenny Cai Piacente Financial Communications Tel: +1 212 481 2050 / +86 10 6508 0677 Email: [email protected] For Media Enquiries: PR Department XPeng Inc. Email: [email protected] Source: XPeng Inc. Market News and Data brought to you by Benzinga APIs
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XPENG, a leading Chinese smart electric vehicle company, announces significant increases in vehicle deliveries for September and the third quarter of 2024, showcasing robust growth and market expansion.
Record-Breaking Deliveries in September
XPENG Inc., a prominent player in the Chinese smart electric vehicle (EV) market, has reported exceptional delivery results for September 2024. The company delivered 15,310 Smart EVs, marking a substantial 81% increase compared to the same period last year 1. This impressive growth demonstrates XPENG's strengthening position in the competitive EV landscape.
Third Quarter Performance
The third quarter of 2024 proved to be equally impressive for XPENG. The company delivered a total of 40,008 vehicles during this period, representing a remarkable 72% year-over-year growth 2. This significant increase in deliveries underscores the company's ability to scale its operations and meet growing consumer demand for smart electric vehicles.
Product Mix and Popular Models
XPENG's success can be attributed to its diverse product lineup. The delivery figures include various models such as the G6, G9, P7i, and G3i. Among these, the G6 Ultra Smart Coupe SUV has emerged as a standout performer. Launched in late May, the G6 has quickly gained traction in the competitive SUV market, contributing significantly to the overall delivery numbers 1.
Expanding Market Presence
The company's growth is not limited to its home market in China. XPENG has been actively expanding its presence in international markets. In September, the company announced its entry into the German market, marking a significant milestone in its global expansion strategy 2. This move into one of Europe's largest automotive markets demonstrates XPENG's ambition to become a global EV brand.
Technology and Innovation
XPENG's success is built on its commitment to technology and innovation. The company continues to invest in research and development, focusing on advanced driver-assistance systems (ADAS) and autonomous driving technologies. These innovations are key differentiators for XPENG in the highly competitive EV market 1.
Future Outlook
With the strong performance in the third quarter and the successful launch of new models, XPENG is well-positioned for continued growth. The company's focus on smart technologies, coupled with its expansion into international markets, suggests a promising future. However, it will face challenges such as increasing competition and potential economic headwinds in the global automotive market 2.
As XPENG continues to innovate and expand, industry observers will be watching closely to see if the company can maintain its impressive growth trajectory and solidify its position as a leading player in the global EV market.
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