Following the disclosure of its monthly vehicle delivery figures, XPeng Inc. (NYSE: XPEV) experienced a significant uptick in its stock valuation, escalating by 15.76% by the conclusion of the preceding trading session, ultimately settling at $9.40. This commendable surge in delivery numbers was not solely ascribed to XPEV’s stock surge but also to its strategic initiative of international production.
In April 2024, XPeng (XPEV) delivered 9,393 Smart electric vehicles (EVs), marking a notable 33% upswing year-over-year, up 4% from the prior month. The XPENG X9 achieved monthly deliveries of 1,959 units in April, with cumulative deliveries approaching 10,000 units since its inception, maintaining its dominance as the top-selling all-electric MPV in China. Year-to-date, XPeng has distributed 31,214 Smart EVs, reflecting a commendable 23% increase year-over-year.
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In April, the monthly active user engagement rate of XNGP in urban driving contexts soared to 82%. Concurrently, XPeng executed successful trials for its NGP functionalities on the highways in Germany, making steadfast strides in the Research and Development phase towards the introduction of Highway NGP for international markets.
At the Beijing Auto Show 2024, XPeng unveiled its latest AI-driven advancements, including the XOS 5.1.0 or Tianji OS. This cutting-edge XOS marks the first OS within the industry to seamlessly integrate AI into both intelligent cockpits and smart driving systems, slated for launch on May 20, 2024.
Pioneering the realm of intelligent driving experiences, XPeng also spearheads the industry with one of the premier neural network-based planning and control large models – XPlanner, augmenting the human-like capabilities of its XNGP Advanced Driver Assistance Systems (ADAS).
XPeng also hinted at the possibility that an ongoing European inquiry into Chinese-manufactured EVs and regulatory alterations could prompt it to invest in overseas plants or suppliers, given the looming prospect of heightened tariffs. Although XPeng presently exports limited quantities of its EVs, an evolving regulatory landscape within the European Union could compel it to reevaluate its operational strategy.
