XPENG Reports Strong August 2024 EV Deliveries
XPENG Reports Impressive Vehicle Delivery Results
XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a prominent player in the smart electric vehicle sector, has announced notable delivery results for the month of August 2024. The Company witnessed a total of 14,036 Smart EVs delivered during this month, marking a 3% increase compared to the same month last year and a significant 26% rise from the previous month.
Annual Performance and New Model Launches
Throughout the first eight months of 2024, XPENG has successfully delivered 77,209 Smart EV vehicles, which equals a remarkable 17% increase over the same timeframe last year. This growth underscores the rising demand for XPENG's innovative technologies and design. A highlight of August was the company’s 10th Anniversary Gala, where they launched the MONA M03, an all-electric hatchback coupe offered in three variants, priced between RMB119,800 and RMB155,800. The Max version of this model is equipped with advanced XNGP ADAS technology, making it the first mass-produced vehicle in the world to provide such high-level driving assistance features for under RMB200,000.
MONA M03: A New Era in Smart Mobility
The excitement continued in August with the first deliveries of the MONA M03, celebrated at the Chengdu Auto Show. As XPENG enters its second decade, this model captures attention with its stylish design, advanced intelligent features, and superior driving performance that surpasses many competitors in the above-RMB200,000 category. The company aims to appeal to younger audiences seeking cutting-edge technology at accessible price points.
Future Aspirations and Technological Advancements
During the gala celebration, XPENG set ambitious goals for the coming decade, aiming to evolve into a global AI-defined automotive company. The Company introduced innovative AI architecture alongside the new XPENG Turing chip, which is designed to enhance both AI-driven cars and robotic systems. Additionally, XPENG unveiled the AI Hawkeye Visual Solution, which stands as China’s first mass-produced visual-based high-level ADAS solution that does not rely on LIDAR technology. This advancement showcases XPENG's dedication to leveraging technology for a safer driving experience.
Exciting Upgrades and User Experiences
To enhance user experience, XPENG rolled out the AI Tianji XOS 5.2 upgrade over the air to all eligible overseas owners throughout August. This upgrade brought a significantly faster and more seamless user experience, reinforcing the Company’s commitment to technological innovation. In fact, the monthly active user penetration rate for XNGP in urban driving hit an impressive 85%, indicating strong user engagement with XPENG’s Smart EV features.
About XPENG
XPENG is recognized as a leading name in the Smart EV arena, focusing on designing, developing, manufacturing, and selling vehicles that resonate with a tech-savvy middle-class demographic. The Company’s mission extends beyond manufacturing; it strives to drive Smart EV transformation through technology and to shape the future of mobility. XPENG develops comprehensive driver-assistance systems and intelligent operating systems in-house, along with core vehicle systems, including powertrains and electrical architecture. Headquartered in Guangzhou, the Company maintains a global footprint with branches in places like Beijing, Silicon Valley, and Amsterdam, ensuring its Smart EVs are manufactured to the highest standards at its plants in Zhaoqing and Guangzhou.
Frequently Asked Questions
What are the delivery results for XPENG in August 2024?
XPENG delivered 14,036 Smart EVs in August 2024, marking a 3% year-over-year increase and a 26% increase month-over-month.
What new models did XPENG launch recently?
XPENG launched the MONA M03, an all-electric hatchback coupe, which boasts advanced features and comes in three versions priced affordably.
What is XPENG’s future vision?
XPENG aims to become a global AI-defined automotive company, focusing on innovation and driving Smart EV transformation through advanced technologies.
How does XPENG maintain its technological edge?
XPENG develops its in-house technology, including advanced driver-assistance systems and AI solutions, which enhance the Smart EV experience for consumers.
Where are XPENG’s manufacturing facilities located?
XPENG's Smart EVs are primarily manufactured in its plants located in Zhaoqing and Guangzhou, Guangdong province, ensuring high-quality production standards.
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