XPENG Reports June and First-Half 2024 Vehicle Delivery Results

XPENG delivered 10,668 vehicles in June 2024, marking a 24% year-over-year increase.

GUANGZHOU, China, July 01, 2024 — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, announced its vehicle delivery results for June and the first half of 2024.

XPENG delivered 10,668 Smart EVs in June, representing a 24% year-over-year increase and a 5% increase compared to the previous month. Notably, deliveries of the XPENG X9 reached 1,687 units, bringing its total cumulative deliveries to 13,143 units just half a year after its launch. This achievement solidifies the XPENG X9’s position as the top-selling vehicle in both the all-electric MPV and three-row model segments in China. In the first half of 2024, XPENG delivered 52,028 Smart EVs, a 26% increase from the same period last year.

The monthly active user penetration rate of XNGP in urban driving scenarios reached 84%. In July, a significant OTA update will make XNGP available nationwide on all public roads, marking a key milestone. This update will also integrate more end-to-end large model applications.

A major upgrade to AI Tianji OS, XPENG’s AI-powered in-car operating system, is scheduled for the third quarter of this year, coinciding with its official overseas launch.

In July, XPENG will unveil further details about the all-electric hatchback coupe, Mona M03. Designed with AI-powered aesthetic precision and appeal, the Mona M03 exudes a dynamic grace reminiscent of the golden ratio of classic sports coupes. Notably, the Mona M03 boasts the lowest drag coefficient among all mass-produced models in its class worldwide, reaching a mere 0.194.

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. 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 .

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 goal 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, 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 United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, 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.
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Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
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For Media Enquiries:

PR Department
XPeng Inc.
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Source: XPeng Inc.