XPeng Inc. Achieves Record Vehicle Deliveries in December 2024 and Q4

Significant growth in EV deliveries highlights the company’s innovative advancements.

Overview of XPeng’s Delivery Performance

XPeng Inc., a prominent Chinese company in the smart electric vehicle sector, experienced impressive growth in vehicle deliveries during December 2024 and throughout the fourth quarter. In December alone, XPeng delivered 36,695 units, an 82% increase from the same month last year. The success of the MONA M03 model played a significant role, surpassing 10,000 deliveries for the fourth month in a row. For the entire fourth quarter, deliveries totaled 91,507 units, representing a 52% increase year-over-year. Overall, XPeng’s annual total for 2024 reached 190,068 units, reflecting a 34% rise. Additionally, the company introduced new features in smart driving technology and hosted an AI Smart Driving Open Day to demonstrate its advancements. XPeng aims to enhance smart driving experiences as it develops further innovative technologies.

Highlights of XPeng’s Achievements

• In 2024, XPeng achieved a total of 190,068 vehicle deliveries, which is a 34% increase compared to the previous year.
• The company delivered a record 91,507 units in Q4 2024, marking a remarkable 52% year-over-year growth and exceeding its own quarterly guidance.
• The MONA M03 model maintained strong consumer demand, achieving over 10,000 monthly deliveries for four consecutive months.
• The latest OTA upgrade introduced advanced smart driving features, showcasing XPeng’s focus on innovation in electric vehicle technology.

Challenges Facing XPeng

• Despite impressive delivery figures, detailed financial insights regarding profitability and revenue remain unclear, leaving investors uncertain about the company’s financial future.
• Forward-looking statements hint at various risks and uncertainties, which could create apprehensions among investors about the company’s stability in a fiercely competitive market.
• Potential supply chain issues or shifts in demand for electric vehicles were not addressed, which could present risks amid the already volatile EV market.

Frequently Asked Questions

What were XPeng’s December 2024 delivery figures?

For December 2024, XPeng delivered 36,695 Smart EVs, representing an 82% year-over-year increase.

How many vehicles did XPeng deliver in Q4 2024?

XPeng delivered 91,507 Smart EVs in Q4 2024, showcasing a 52% increase from the previous year.

What is the total delivery count for XPeng in 2024?

In total, XPeng delivered 190,068 vehicles in 2024, reflecting a 34% increase compared to the prior year.

What milestones did the MONA M03 reach?

The MONA M03 exceeded 10,000 deliveries for four consecutive months and reached its 50,000th production milestone in just four months.

What new features came with the latest XPeng OTA update?

The most recent OTA upgrade unveiled advanced smart driving features, including the industry’s first “door-to-door” ADAS for a variety of driving situations.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The summarization model may contain errors. For the full release, see here.

Institutional Investment in XPeng

In the most recent quarter, 83 institutional investors increased their shares in $XPEV, while another 83 reduced their positions.

Here are some notable recent changes:

• ALIBABA GROUP HOLDING LTD added 24,659,232 shares (+370.8%) in Q3 2024.
• D. E. SHAW & CO., INC. removed 5,155,611 shares (-41.1%) in Q3 2024.
• POINT72 ASSET MANAGEMENT, L.P. added 2,461,216 shares (+inf%) in Q3 2024.
• CITADEL ADVISORS LLC added 2,210,762 shares (+1530.3%) in Q3 2024.
• POINT72 HONG KONG LTD added 1,810,097 shares (+inf%) in Q3 2024.
• MORGAN STANLEY added 1,722,042 shares (+61.0%) in Q3 2024.
• JANE STREET GROUP, LLC added 1,423,024 shares (+114.1%) in Q3 2024.

For a closer look at hedge fund stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard.

Full Delivery Release

• 36,695
  units delivered in December 2024, an 82% increase year-over-year
• MONA M03 surpassed 10,000 deliveries for four consecutive months
• 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. 1, 2025 (GLOBE NEWSWIRE) — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading provider of smart electric vehicles in China, announced its vehicle delivery results for December and the fourth quarter of 2024.

In December 2024, XPENG delivered 36,695 Smart EVs, reflecting an 82% increase compared to December 2023 and a 19% increase from November 2024. Deliveries from the XPENG MONA M03 and XPENG P7+ models surpassed 15,000 and 10,000 units, respectively. For Q4 2024, XPENG delivered a total of 91,507 Smart EVs, marking a strong 52% increase from the same quarter last year. In total, the company’s annual deliveries for 2024 reached 190,068 units, reflecting a robust 34% growth.

Since its launch, the MONA M03 has consistently exceeded 10,000 units in monthly deliveries for four consecutive months. Furthermore, it achieved its 50,000th production milestone only four months after its official debut, setting records as XPENG’s quickest production rollout and breaking delivery records among China’s emerging electric vehicle manufacturers.

December also saw the launch of the second OTA upgrade for the XPENG P7+, introducing public testing of the XOS 5.5.0 version. This upgrade includes advanced smart driving features, such as the industry’s first “door-to-door” ADAS, enabling a seamless driving experience across multiple scenarios—from parking to highway navigation.

As of December, the monthly active user penetration rate for XNGP in urban driving reached 85.12%. XPENG also hosted the XPENG Turing AI Smart Driving Open Day, showcasing the company’s pioneering “door-to-door” capabilities. Looking ahead, XPENG is set to deploy its extensive model capabilities to additional driving scenarios, further enriching customers’ smart driving experiences.

About XPENG

XPENG is a leading player in China’s Smart EV market. The company designs, develops, manufactures, and markets Smart EVs that cater to a technology-oriented middle-class consumer base. XPENG is committed to driving the Smart EV transformation through technological advancements, fundamentally reshaping the mobility experience for the future. To enhance customer experiences, XPENG creates its own full-stack advanced driver-assistance systems and intelligent operating systems, along with core vehicle systems such as powertrains and electrical/electronic architecture. The company is based in Guangzhou, China, with additional offices in major cities like Beijing, Shanghai, Silicon Valley, San Diego, and Amsterdam.