XPeng Inc. reported significant delivery growth in December 2024 and throughout Q4, surpassing previous milestones.
Quiver AI Summary
XPeng Inc., a leading Chinese smart electric vehicle company, reported significant growth in vehicle deliveries for December 2024 and the fourth quarter. In December alone, XPeng delivered 36,695 units, an 82% increase compared to the previous year, with particular success from the MONA M03 model, surpassing 10,000 deliveries for the fourth consecutive month. For the fourth quarter, total deliveries reached 91,507 units, marking a 52% year-over-year increase, while the annual total for 2024 hit 190,068 units, a 34% growth. The company also made advancements in smart driving technology, launching new features and hosting an AI Smart Driving Open Day to showcase advanced capabilities. XPeng aims to continue enhancing smart driving experiences for customers as it expands its innovative technologies.
Potential Positives
- XPENG achieved a significant milestone with a total of 190,068 vehicle deliveries in 2024, marking a 34% year-over-year increase.
- The company saw a record 91,507 units delivered in Q4 2024, which is a 52% increase year-over-year and exceeded the upper end of its quarterly guidance.
- XPENG MONA M03 consistently exceeded 10,000 monthly deliveries for four consecutive months, highlighting strong consumer demand.
- The introduction of advanced smart driving features through the latest OTA upgrade signifies XPENG's commitment to innovation in smart EV technology.
Potential Negatives
- While the delivery numbers show significant growth, there is a lack of detailed financial information regarding profitability or revenue, leaving stakeholders uncertain about the company's financial health.
- The mention of forward-looking statements includes various risks and uncertainties, which may raise concerns among investors about the future stability and performance of the company in a competitive market.
- The potential implications of supply chain issues or changes in market demand for EVs are not addressed, which could pose risks given the volatility in the electric vehicle market and dependencies on external factors.
FAQ
What were XPeng's December 2024 delivery numbers?
XPeng delivered 36,695 Smart EVs in December 2024, marking an 82% increase year-over-year.
How many units did XPeng deliver in Q4 2024?
In Q4 2024, XPeng delivered 91,507 Smart EVs, representing a 52% increase year-over-year.
What is the total number of XPeng vehicle deliveries in 2024?
XPeng's total vehicle deliveries in 2024 reached 190,068 units, a 34% increase from the previous year.
What milestones did the MONA M03 achieve?
The MONA M03 surpassed 10,000 deliveries for the fourth consecutive month and reached its 50,000th production milestone in four months.
What new features were introduced in the latest XPeng OTA upgrade?
The latest OTA upgrade introduced advanced smart driving features, including the industry's first "door-to-door" ADAS for various driving scenarios.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$XPEV Hedge Fund Activity
We have seen 83 institutional investors add shares of $XPEV stock to their portfolio, and 83 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALIBABA GROUP HOLDING LTD added 24,659,232 shares (+370.8%) to their portfolio in Q3 2024
- D. E. SHAW & CO., INC. removed 5,155,611 shares (-41.1%) from their portfolio in Q3 2024
- POINT72 ASSET MANAGEMENT, L.P. added 2,461,216 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 2,210,762 shares (+1530.3%) to their portfolio in Q3 2024
- POINT72 HONG KONG LTD added 1,810,097 shares (+inf%) to their portfolio in Q3 2024
- MORGAN STANLEY added 1,722,042 shares (+61.0%) to their portfolio in Q3 2024
- JANE STREET GROUP, LLC added 1,423,024 shares (+114.1%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
36,695
units delivered in December 2024, an 82% increase year-over-year
MONA M03 surpassed 10,000 deliveries for fourth consecutive month
91,507
units delivered in Q4 2024, a 52% increase year-over-year, exceeding upper end of quarterly guidance range for Q4
190,068
units delivered for the full year 2024, a 34% increase year-over-year
GUANGZHOU, China, Jan. 01, 2025 (GLOBE NEWSWIRE) -- 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 December and the fourth quarter 2024.
In December 2024, XPENG delivered 36,695 Smart EVs, representing an 82% increase year-over-year and a 19% increase over the prior month, with deliveries of XPENG MONA M03 and XPENG P7+ exceeding 15,000 and 10,000 units respectively. In the fourth quarter of 2024, XPENG delivered 91,507 Smart EVs, a 52% increase year-over-year. Total annual deliveries in 2024 reached 190,068 units, a 34% increase over the prior year.
For the fourth consecutive month since its launch, deliveries of XPENG MONA M03 exceeded 10,000 units. The MONA M03 achieved its 50,000th vehicle production milestone in just four months since its launch, setting a new record for XPENG's fastest production rollout and continuing to break delivery records for pure electric vehicle production among emerging automakers in China.
In December, XPENG P7+ rolled out second OTA upgrade with the launch of public testing of XOS 5.5.0. The latest XOS version brings advanced smart driving features, including the industry's first "door-to-door" ADAS powered by a unified software suite, ensuring a seamless experience across various driving scenarios, from parking to highways and urban roads.
XNGP‘s monthly active user penetration rate in urban driving reached 85.12% in December. This month, XPENG hosted the XPENG Turing AI Smart Driving Open Day, showcasing China’s first “door-to-door” capabilities. Looking ahead, XPENG aims to deploy its one-step end-to-end large models to more driving scenarios, further elevating customers’ smart driving experiences.
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. 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. XPENG’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit
https://www.xpeng.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.
Contacts:
For Investor Enquiries:
IR Department
XPeng Inc.
Email:
ir@xiaopeng.com
Jenny Cai
Piacente Financial Communications
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
Source: XPeng Inc.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
