Ms. Wang Fengying has officially joined Xpeng Auto as president, effective January 30, 2023. She will be responsible for the company’s product planning, portfolio management and sales operations, and will report to Xpeng He, Chairman and CEO of Xpeng Auto.
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.
