When talking about specific product planning, He Xiaopeng announced that Xiaopeng’s new brand will be officially released at the Beijing Auto Show in April. The car will target the global car market of 100,000-150,000 people, and the first model will be launched and delivered in the third quarter of this year. In addition, Xpeng’s main brand will launch another new model in the second half of this year.

He Xiaopeng also said that this 100,000-150,000 RMB new car will be the “most eye-catching hot new model” in the A-class pure electric market this year, and is committed to creating the first smart pure electric car for young people. In total, three new products will be released this year, and more new products will be pre-released.

Other details about the car were reported on the 16th. He Xiaopeng once said at the China Electric Vehicle 100 Forum 2024 that this brand will create the first AI smart driving car for young people, bringing the price Bringing a new smart driving experience and ultimate cost-effectiveness. In addition, the brand will successively launch a number of new models with different levels of intelligent driving capabilities in the future to provide users with the best intelligent driving experience of the same level.

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In November, Xpeng G6 delivered 8,750 units. Since the beginning of this year, Xpeng Motors has maintained positive monthly delivery growth for 10 consecutive months. As of the end of November, Xpeng Motors’ cumulative delivery volume in 2023 reached 121,486 vehicles, exceeding the cumulative delivery volume in 2022.

Xpeng Motors delivered a total of 20,002 new cars in October, so deliveries in November were basically flat, with a slight month-on-month increase.

He Xiaopeng, chairman and CEO of Xpeng Motors, said: “Xpeng Motors took the lead in realizing the inflection point in technology and user demand for intelligent assisted driving in 2023. I believe that the five years from now will be the five years when intelligent assisted driving becomes widely popularized. year. Xpeng Motors will lead the nationwide coverage of intelligent assisted driving and become users’ preferred brand for intelligence. Starting from the third quarter of this year, we have entered an initial positive cycle. I believe that the effects of a series of changes starting this year will It will be more obvious in 2024 and beyond, and it will enter a high-speed development cycle by the fourth quarter of next year.”

The summary of the sales data of various brands in November that have been published so far:

 Wuling Motors sold 59,372 new energy vehicles in November, a month-on-month increase of 66%.

 Li Auto delivered 41,030 vehicles in November, a year-on-year increase of 172.9%, and the annual sales target of 300,000 vehicles was completed ahead of schedule.

 Beijing Hyundai’s cumulative sales in November were 21,598 units, a month-on-month increase of 15%.

 Xpeng Motors delivered 20,041 vehicles in November, a year-on-year increase of 245%.

 A total of 18,827 new cars were delivered across all Wanjie models in November. Among them, 15,242 new Wenjie M7 vehicles were delivered, with a total of 27,000 vehicles delivered.

 Leapmotor delivered 18,508 units in November, a year-on-year increase of 130%.

 SAIC-Volkswagen’s ID. family sold 15,600 units in November, with 12,000 new ID.3 vehicles delivered.

Zeekr delivered 13,104 vehicles in November, a year-on-year increase of approximately 19%.

 Deliveries of Buick Weilan 6 pure electric model exceeded 10,000 in November.

 Luxeed Auto sold 8,703 units in November, and Zhiji LS6 sold 8,158 units, a month-on-month increase of 125%.

 Voyah Auto delivered 7,006 vehicles in November, a year-on-year increase of 365%.

 Skyworth Motors delivered 3,936 units in November, achieving sales of more than 3,000 units for six consecutive months.

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Xpeng Motors’ third-quarter comprehensive loss attributable to ordinary shareholders was 4.01 billion RMB, a year-on-year increase of 481.1% and a month-on-month increase of 107.9%. Attached is performance table:

After the release of the financial report, Xpeng Motors’ U.S. stocks fell 0.71% before the market opened, after rising by more than 3%.

Xpeng Motors’ total vehicle deliveries in the third quarter of 2023 were 40,008 vehicles, an increase of 72.4% from 23,205 vehicles in the second quarter of 2023.

He Xiaopeng, chairman and CEO of Xpeng Motors, said: “Xpeng Motors took the lead in realizing the inflection point in technology and user demand for intelligent assisted driving in 2023. I believe that the five years from now will be the five years when intelligent assisted driving becomes widely popularized. year. Xpeng Motors will lead the nationwide coverage of intelligent assisted driving and become users’ preferred brand for intelligence. Starting from the third quarter of this year, we have entered an initial positive cycle. I believe that the effects of a series of changes starting this year will It will be more obvious in 2024 and beyond, and it will enter a high-speed development cycle by the fourth quarter of next year.”

“Our deliveries have increased month-on-month for nine consecutive months, and free cash flow has improved significantly.” said Dr. Gu Hongdi, honorary vice chairman and co-president of Xpeng Motors. “We expect free cash flow to improve even further in the fourth quarter as new products and technology cost reductions drive significant improvements in our gross margins, which is the starting point for us to move toward long-term scale profitability.”

Xpeng Motors has raised its Q4 performance guidance: it expects delivery volume to reach 59,500-63,500 units, a year-on-year increase of about 101.2% to 114.7%; it expects total revenue to reach 12.7-13.6 billion RMB, a year-on-year increase of about 86.1% to 99.3%.

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• Rescue without worry: If the vehicle is trapped in the city water or fails caused of the inability to drive, the official can provide 7 * 24 24-hour free roadside rescue service.
• Detection: If the vehicle is involved in water for a long time under extreme weather or the depth of water involved exceeds the wheel, the official will arrange a free inspection of the three electric systems and water-related parts.
• Worry-free maintenance: If the vehicle is damaged by extreme weather and needs to be reported to the insurance, the official will provide 1V1 specialized accompaniment to help quickly complete the insurance claims and repairs.
• Worry-free Warranty: The replacement parts of the vehicle affected by extreme weather will continue to be covered by the vehicle warranty while enjoying the parts warranty, whichever is the longer of the two warranty periods.
• Worry-free cleaning: If the vehicle needs to be repaired due to water immersion caused by extreme weather, the official government will provide free full-vehicle disinfection service after the repair is completed.
• Worry-free home charging: If the owner’s Xiaopeng charging pile is involved in water due to extreme weather, the official provides free door-to-door cable inspection and reinforcement, circuit safety testing and home charging pile cleaning services.

It is worth mentioning that this is the second time Xpeng-affected users launched care services, Xpeng in early August this year the typhoon “Dusu Rui” affected owners launched five care services, this time for typhoon Anemone This time for the typhoon Haikui affected owners, on the basis of the new home charging pile detection, cleaning and other services.

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Xiaopeng car official said, almost all the functions in the cockpit can be customized according to the user’s habits, the vehicle senses the internal and external environment state to meet the preset triggering conditions, you can “complete a series of services”. In addition, Xiaopeng Auto officials also provided some examples of use scenarios as follows:

• Visiting customers: Users can set the preset meeting time before the end of the detection of high temperature inside the car can automatically open the “speed cooling”, and then when the temperature inside the car is reduced to 26 ℃, the air conditioning will automatically adjust the temperature, to maintain a soft wind.
• Lunch break: Users can set a weekday at noon to sit in the main driver, the seat back automatically adjusted to rest mode, the screen is closed and open the air conditioning to 26 ℃ state; set the end of the lunch break time, the voice assistant prompts “time to get up”, the seat position is restored to the driving mode.
• Pick up your wife from work: When you are still 15 minutes away from your wife’s office, the cell phone app will push a message to share the progress of the trip with the other party. When the other person gets into the car and fastens the seat belt, the car automatically turns on the fragrance and ambient lighting and adjusts the leg rest and seat angle.

Xiaopeng Automobile claims that this function will atomize open more than 350 car end capabilities, support multi-function free combination, said “your cockpit experience you say”.

In addition, customized scenes can be shared via WeChat, Weibo and Xiaopeng Auto App, and support the succession between different models of G6 and G9. At the same time, the official “Scene Store” has been launched, which provides a large number of preset scenes for users to choose from and supports personalized adjustments.

Xpeng car for G6, G9, and P7i owners launched the “intelligent scene” function, the first batch of internal test users as early as the 14th of this month to get the function push. The new function is based on the traditional scene mode development, but unlike previous similar functions, it will no longer be limited to several fixed scenes pushed by the car company but will support the adjustment and combination of functions within the scene.

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In 2022, XPeng Auto will deliver 120,000 units, up 23% year-over-year, with annual revenue of $26.9 billion, up 28% year-over-year, and cash reserves of $38.3 billion. in 2022, XPeng Auto will invest over $5.2 billion in R&D, up 27% year-over-year. For 2022, the net loss of XPeng Automotive will be RMB 9.14 billion, compared to a net loss of RMB 4.86 billion in 2021. On a non-GAAP basis, the net loss is $8.43 billion, compared to a net loss of $4.48 billion in 2021.

For the first quarter of 2023, Xpeng Auto expects vehicle deliveries to range from 18,000 to 19,000 units, a decrease of approximately 45.0% to 47.9% year-over-year, and total revenue to range from RMB4.0 billion to RMB4.2 billion, a decrease of approximately 43.7% to 46.3% year-over-year.

By the end of 2022, Xpeng Auto will have 420 domestic sales stores covering 143 cities and 1,014 self-operated charging stations covering all prefecture-level cities in China, including 808 self-operated supercharging stations.

“We have comprehensively sorted out the strategic plan, and boldly pushed forward the organizational structure adjustment to make up for the shortcomings of the team’s capability.” He Xiaopeng, chairman and CEO of Xpeng Auto, said, “From 2023 to 2027, the industry will move from the rapid penetration stage of electrification to the era of intelligent and accelerated disruption, and we are confident to become the leader of intelligent electric vehicles.”

“As we optimize our product portfolio and significantly improve our marketing system capabilities, we will resume growth in sales and market share.” Dr. Hongdi Gu, Vice Chairman Emeritus and Co-President of Xpeng Auto, said, “At the same time, we will improve operational efficiency across our processes and continue to reduce costs.”

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Prior to joining Xpeng, Wang Fengying worked at Great Wall Motor for more than three decades, starting from front-line sales to vice chairman and general manager, before resigning as general manager of Great Wall Motor in July 2022.

Data shows that the cumulative deliveries of Xpeng Auto in 2022 were 120,757 units, up 23% year-over-year. As of December 31, 2022, the historical cumulative delivery volume of Xpeng has reached 258,710 units.

In addition, on January 17, Xpeng announced the launch of a new pricing system for the G3i / P5 / P7 for the new year, with reductions ranging from RMB 20,000 to 36,000. At the same time, the first owners who ordered G3i / P5 / P7 within one year before the announcement, Xpeng Auto will also give a simultaneous New Year rebate, including the extension of the vehicle warranty to 10 years / 200,000 km, and 4-year basic maintenance.

On January 18, He Xpeng said in the internal annual summary meeting of Xpeng Auto, Xpeng Auto’s goal is to turn a positive operating profit in 2025 in the next five years. Specifically, the minimum comprehensive gross margin of 17% in 2025 and annual R&D investment of ten billion levels.

An internal letter to all staff said Peng car 2023 plans to have 2 new cars on the market, and the existing 3 old models to replace, a total of five models, the goal is to deliver 200,000 cars a year.

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The new energy vehicle purchase subsidies have been terminated on December 31, 2022, and vehicles licensed since January 1, 2023, will no longer enjoy state subsidies (the amount of subsidy per vehicle ranges from RMB 10,080 to RMB 13,860), according to Xiaopeng. In order to allow more users to enjoy the travel experience brought by smart cars, the national suggested retail price of each model of Xpeng Auto in 2023 will remain the same as the comprehensive post-subsidy price at the end of 2022.

The delivery data released by Xpeng Auto today shows that the total delivery of Xpeng Auto in December 2022 was 11,292 units, an increase of 94% from the previous year. The G9 exceeded 4,000 units for the first time, reaching 4,020 units, an increase of 160% from the previous year.

Overall, Peng Automotive delivered 22,204 units in the fourth quarter; cumulative deliveries for 2022 were 120,757 units, up 23% from 2021. As of December 31, 2022, Xpeng’s historical cumulative deliveries have reached 258,710 units.

In addition, as of December 31, 2022, Xpeng Auto’s own charging stations have been online for more than 1,000 stations, including more than 800 super-charging and 480kW super-fast charging stations and more than 200 destination stations, covering all prefecture-level administrative regions and municipalities across China, with a total of 337 cities.

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Xpeng Auto’s third quarter revenue was RMB 6.82 billion, up 19.3% year-over-year, with cash reserves of more than RMB 40 billion; gross margin improved sequentially and net loss narrowed by 12.0%.

Peng Automotive expects fourth-quarter deliveries of 20,000 to 21,000 units, compared to the expected 43,400 units. Fourth quarter revenue is expected to be RMB 4.8 billion to RMB 5.1 billion, a decrease of approximately 40.4% to 43.9% year-over-year.

In addition, the other two of the three new domestic car makers “Azure” also announced their November delivery figures.

Azera delivered 14,178 vehicles in November 2022, up 30.3% year-over-year; Azera has delivered 106,671 vehicles year-to-date in 2022, up 31.8% year-over-year; and as of November 30, 2022, Azera has delivered a total of 273,741 vehicles.

Ideal Auto delivered 15,034 new vehicles in November 2022, an increase of 11.5% year-over-year. As of November 30, 2022, the cumulative delivery volume of Ideal Auto was 236,101 units.

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According to reports, in October, Xpeng P7 delivered 2,104 units, P5 delivered 1,665 units, G3i delivered 709 units, and G9 delivered 623 units.

Xpeng’s new car G9 has officially started mass production and delivery. From November onwards, the output of G9 will climb steadily, which will accelerate the delivery of G9 to more users, and promote the continuous increase of the overall delivery volume. At the same time, P7 and G9 based on the Edward platform will also significantly increase the proportion of deliveries.

The Xpeng G9 was officially launched on September 21, with a total of 6 models, ranging from 309,900 to 469,900 yuan.

According to reports, Xpeng G9 is based on the X-EEA 3.0 electronic and electrical architecture, equipped with Xpilot 4.0 assisted driving system, etc., and the interior of the car adopts a dashboard + dual-screen design. The car continues the family’s “X ROBAT FACE” design concept, adopts the design of closed grille, through-type daytime running lights, independent headlights and through-type air outlets, and the lidars on the left and right sides are perfectly integrated into the headlight design. .

The Xpeng G9 will be the first mass-produced car based on the 800V high-voltage SiC platform in China. It can be charged for 5 minutes and has a range of 200 kilometers. An 800V high-voltage charging system will be mass-produced within the year, with a maximum power of 480kW and a maximum current of 670A.

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