XPeng Inc., a leading Chinese smart electric vehicle company, has reported a significant increase in vehicle deliveries for January 2024. The company delivered 8,250 Smart EVs, marking a 58% year-over-year growth. The newly launched X9 Ultra Smart Large Seven-seater MPV has contributed to this success, with 2,478 units delivered in its first month. The X9 Max trim, a higher-end version, accounted for approximately 70% of the total X9 orders. XPeng is expanding its production capacity to meet the growing demand for the X9. The company's advanced driver-assistance systems (ADAS) technologies, particularly the XNGP, have seen widespread adoption with a monthly active user penetration rate exceeding 85%, leading the industry in urban ADAS. XPeng aims to expand its XNGP coverage to major urban road networks...Show More

XPeng Inc., a leading Chinese smart electric vehicle company, has reported a significant increase in vehicle deliveries for January 2024. The company delivered 8,250 Smart EVs, marking a 58% year-over-year growth. The newly launched X9 Ultra Smart Large Seven-seater MPV has contributed to this success, with 2,478 units delivered in its first month. The X9 Max trim, a higher-end version, accounted for approximately 70% of the total X9 orders. XPeng is expanding its production capacity to meet the growing demand for the X9. The company's advanced driver-assistance systems (ADAS) technologies, particularly the XNGP, have seen widespread adoption with a monthly active user penetration rate exceeding 85%, leading the industry in urban ADAS. XPeng aims to expand its XNGP coverage to major urban road networks, parking spaces, and private roads across China by 2024 and is planning R&D for global markets. The company's commitment to technology and smart EV transformation is evident in its in-house development of ADAS technology and intelligent operating systems. XPeng operates out of Guangzhou, with offices in major cities around the world, and manufactures its Smart EVs in Guangdong province.