XPENG Sets New Delivery Record and Advances AI-Driven ADAS Technology in October 2024
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XPENG : Announces Vehicle Delivery Results for October 2024 Form 6 K
XPENG Announces Vehicle Delivery Results for October 2024 GUANGZHOU, China, Nov. 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 October 2024. XPENG delivered 23,917 Smart EVs in October 2024, setting a new record for its monthly deliveries and representing growth of 20% year-over-year and 12% over the prior month. For the second straight month, deliveries of XPENG MONA M03 exceeded 10,000 units. For the first ten months of 2024, XPENG delivered 122,478 Smart EVs, a 21% increase from the same period last year. In October, XNGP's monthly active user penetration rate in urban driving reached 86%. At the XPENG Tech Workshop on October 24, 2024, the Company demoed its AI-powered ADAS technology on XPENG P7+ and unveiled its AI Tianji XOS 5.4.0. The Company also announced that the XPENG P7+ will be equipped with end-to-endAI-driven ADAS technology as a standard configuration. XPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs, providing the most competitive cost in China and accelerating the mass adoption of autonomous driving. XPENG also officially entered the UAE market in October, hosting a launch event for its G9 and G6 models in Dubai. XPENG has introduced its Smart EVs in numerous MENA countries to date, including UAE, Israel, Egypt, Jordan and Lebanon.
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XPENG Announces Vehicle Delivery Results for October 2024 - XPeng (NYSE:XPEV)
23,917 vehicles delivered in October 2024, a new monthly record and a 20% increase year-over-yearDeliveries of XPENG MONA M03 exceeded 10,000 units for the second straight monthXPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs GUANGZHOU, China, Nov. 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 October 2024. XPENG delivered 23,917 Smart EVs in October 2024, setting a new record for its monthly deliveries and representing growth of 20% year-over-year and 12% over the prior month. For the second straight month, deliveries of XPENG MONA M03 exceeded 10,000 units. For the first ten months of 2024, XPENG delivered 122,478 Smart EVs, a 21% increase from the same period last year. In October, XNGP's monthly active user penetration rate in urban driving reached 86%. At the XPENG Tech Workshop on October 24, 2024, the Company demoed its AI-powered ADAS technology on XPENG P7+ and unveiled its AI Tianji XOS 5.4.0. The Company also announced that the XPENG P7+ will be equipped with end-to-end AI-driven ADAS technology as a standard configuration. XPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs, providing the most competitive cost in China and accelerating the mass adoption of autonomous driving. XPENG also officially entered the UAE market in October, hosting a launch event for its G9 and G6 models in Dubai. XPENG has introduced its Smart EVs in numerous MENA countries to date, including UAE, Israel, Egypt, Jordan, and Lebanon. 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, reports record-breaking deliveries and significant advancements in AI-powered autonomous driving technology for October 2024, while expanding its presence in the MENA region.
XPENG Achieves Record-Breaking Deliveries in October 2024
XPENG, a leading Chinese smart electric vehicle (EV) company, has announced impressive delivery results for October 2024. The company delivered 23,917 Smart EVs, setting a new monthly record and demonstrating significant growth of 20% year-over-year and 12% compared to the previous month 12.
This achievement marks a notable milestone for XPENG, with the XPENG MONA M03 model exceeding 10,000 units in deliveries for the second consecutive month. The company's performance for the first ten months of 2024 shows a cumulative delivery of 122,478 Smart EVs, representing a 21% increase from the same period in the previous year 12.
Advancements in AI-Powered ADAS Technology
XPENG has made significant strides in its autonomous driving technology. In October, the company's XNGP (XPENG Navigation Guided Pilot) system achieved an 86% monthly active user penetration rate in urban driving scenarios 1. This high adoption rate underscores the growing acceptance and reliability of XPENG's advanced driver-assistance systems (ADAS).
At the XPENG Tech Workshop held on October 24, 2024, the company showcased its AI-powered ADAS technology on the XPENG P7+ model and introduced the AI Tianji XOS 5.4.0 operating system 12. XPENG also announced that the P7+ will come equipped with end-to-end AI-driven ADAS technology as a standard feature, further solidifying its position in the autonomous driving space.
Industry-Leading Urban ADAS Without HD Maps or LiDARs
XPENG has distinguished itself as the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on high-definition (HD) maps or Light Detection and Ranging (LiDAR) sensors 12. This technological achievement provides XPENG with a competitive edge in terms of cost-effectiveness in the Chinese market and is expected to accelerate the mass adoption of autonomous driving technology.
Expansion into MENA Markets
In October, XPENG officially entered the United Arab Emirates (UAE) market, hosting a launch event for its G9 and G6 models in Dubai 12. This move is part of XPENG's broader expansion strategy in the Middle East and North Africa (MENA) region. The company has already introduced its Smart EVs in several MENA countries, including Israel, Egypt, Jordan, and Lebanon, demonstrating its commitment to global market penetration 12.
Implications for the EV and Autonomous Driving Industries
XPENG's achievements in October 2024 highlight the rapid advancements in the electric vehicle and autonomous driving sectors. The company's success in delivering cost-effective, AI-driven ADAS technology without relying on HD maps or LiDARs could potentially reshape the industry standard for urban autonomous driving systems.
As XPENG continues to expand its global footprint and enhance its technological capabilities, it is positioning itself as a formidable player in the increasingly competitive smart EV market. The company's focus on AI-powered solutions and its ability to achieve record-breaking deliveries suggest a promising outlook for XPENG's future growth and innovation in the automotive industry.
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