XPENG Announces Vehicle Delivery Results for March and First Quarter 2023
April 01 2023 - 4:11AM
Business Wire
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 March and
the first quarter 2023.
In March 2023, XPENG delivered 7,002 Smart EVs, representing a
17% increase over the prior month. Total deliveries for the first
quarter of 2023 reached 18,230 vehicles.
The new sports sedan P7i, launched in March for the Chinese
market, has generated favorable market reception and its order
backlog is gathering strong momentum. A total of 3,030 P7 series
sedans were delivered in March, representing a 32% increase
month-over-month.
The launch of the new P7i also boosted the Company’s store
traffic, pushing test drive volume to recent heights. Delivery of
the P7i began nationwide in March.
On March 31, 2023, XPENG began the rollout of the first phase of
XNGP (NGP: Navigation Guided Pilot) to XPENG G9 Max and P7i Max
customers in Guangzhou, Shenzhen and Shanghai, and to XPENG P5 P
version customers in Shanghai. XNGP is China’s leading full
scenario ADAS platform available in mass-produced models. The
Company is accelerating the implementation of XNGP to multiple
models across multiple cities in China.
About XPENG Inc.
XPENG Inc. (“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 and data, 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. The Company’s Smart EVs are mainly manufactured at its
plants in Zhaoqing and Guangzhou, Guangdong province. For more
information, please visit https://heyXPENG.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.
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For Investor Enquiries: IR Department XPeng Inc. Email:
ir@xiaopeng.com
Jenny Cai The Piacente Group 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
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