XPENG Reports April 2024 Vehicle Delivery Results

May 1, 2024 by No Comments

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 April 2024. In April 2024, XPeng delivered 9,393 Smart EVs, representing a 33% increase year-on-year, up 4% over the prior month. The XPeng X9 achieved monthly deliveries of 1,959 units in April, with cumulative deliveries nearing 10,000 units since its launch, maintaining its position as the top-selling all-electric MPV in China. Year-to-date, XPeng has delivered 31,214 Smart EVs, a 23% increase year-on-year. In April, the monthly active user penetration rate of XNGP in urban driving scenarios reached 82%. During the same month, XPeng successfully conducted tests for its NGP functions on the highways in Germany, making steady progress in the R&D phase toward the rollout of Highway NGP for overseas markets. At the Beijing Auto Show 2024, XPeng showcased its latest AI-powered innovations, including the XOS 5.1.0 or Tianji OS. The latest XOS represents the industry’s first OS integrating AI into both smart cockpits and smart driving, set for release on May 20, 2024. Pioneering the smart driving experience, XPeng also leads the industry with one of the first neural network-based planning and control large models – XPlanner, enhancing the human-like capabilities of its XNGP ADAS. Moreover, XPeng previewed the AI Valet Driver, leveraging advanced AI for superior visual perception and control. This feature can memorize and customize up to 10 driving routes of 100km each, ensuring seamless nationwide overage regardless of XNGP’s availability. Furthermore, XPeng announced its new brand, MONA (Made of New AI), to debut in June 2024.