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XPeng | 6-K: Press release: Vehicle Delivery Results For March And First Quarter 2024

SEC announcement · Apr 2 16:05

XPEV -3.62%

Summary by Moomoo AI

XPeng Inc., a leading Chinese smart electric vehicle (Smart EV) company, has reported a significant increase in vehicle deliveries for March and the first quarter of 2024. In March, the company delivered 9,026 Smart EVs, marking a 99% increase from the previous month and a 29% year-over-year growth. The XPENG X9, an all-electric MPV, continued to lead its segment in China with 3,946 units delivered in March, totaling nearly 8,000 units since its launch. For the first quarter of 2024, XPENG's deliveries totaled 21,821 Smart EVs, a 20% increase from the same period last year. The company also noted that the monthly active user penetration rate of its XNGP, an urban driving assistance system, reached 82%. XPENG is expanding its global footprint with strategic partnerships in Thailand, Singapore, and Malaysia, and has entered the German market with two Smart EV models. These efforts are part of XPENG's plan to penetrate further into international markets, including France, Italy, and the UK. The company is set to unveil a new brand at the Auto China Show in Beijing later this month, emphasizing its commitment to AI-defined mobility. XPENG designs, develops, manufactures, and markets Smart EVs and is known for its in-house technology, including advanced driver-assistance systems and intelligent operating systems. The company is headquartered in Guangzhou, China, with offices globally and manufacturing facilities in Zhaoqing and Guangzhou, Guangdong province.

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