GUANGZHOU, China–(Business WIRE)–Apr 1, 2021–
XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a top Chinese smart electric auto (“Smart EV”) firm, now announced its automobile shipping final results for March and the very first quarter 2021.
This press release options multimedia. Watch the comprehensive launch in this article: https://www.businesswire.com/information/property/20210331006089/en/
XPeng G3 and P7 (Picture: Organization Wire)
Xpeng shipped a overall of 5,102 Good EVs in March 2021, consisting of 2,855 P7s, the Company’s athletics good sedan, and 2,247 G3s, its intelligent compact SUV. The Company’s March deliveries stand for a 384% enhance year-about-yr and a 130% improve from the earlier thirty day period.
The Corporation accomplished document quarterly deliveries of 13,340 Smart EVs in the initially quarter of 2021, representing a 487% improve yr-in excess of-yr, demonstrating its sturdy development momentum regardless of the seasonal field-huge slowdown in motor vehicle profits.
The Company attributed the history quarterly deliveries to its increasing brand recognition and solution enchantment, expanded product or service portfolio and its relentless attempts in broadening revenue, marketing and supercharging provider networks across China.
In March 2021, the Enterprise arrived at the benchmark of delivering cumulative 50,000 Smart EVs and started deliveries of its P7 Wing edition which was unveiled in November last 12 months. The Business also launched lithium iron phosphate, or LFP, battery-powered G3 SUVs and P7 sedans in China, anticipating deliveries to start in April and Might, respectively. Run by its proprietary Navigation Guided Pilot, XPeng successfully accomplished China’s longest autonomous driving expedition in March, environment data for autonomous driving in the manufacturing vehicle classification. XPeng strategies to unveil its third output design in the 2nd quarter 2021, with deliveries planned in the fourth quarter 2021.
Xpeng is a leading Chinese clever electrical auto corporation that patterns, develops, manufactures, and marketplaces Clever EVs that appeal to the huge and growing base of know-how-savvy middle-class people in China. Its mission is to push Smart EV transformation with technology and knowledge, shaping the mobility expertise of the upcoming. In get to enhance its customers’ mobility encounter, Xpeng develops in-household its full-stack autonomous driving technological know-how and in-automobile clever operating method, as effectively as main motor vehicle techniques like powertrain and the electrification/electronic architecture. Xpeng is headquartered in Guangzhou, China, with places of work in Beijing, Shanghai, Silicon Valley and San Diego. The Company’s Wise EVs are produced at crops in Zhaoqing and Zhengzhou, positioned in Guangdong and Henan provinces, respectively. For a lot more facts, make sure you pay a visit to https://en.xiaopeng.com.
Harmless Harbor Statement
This announcement has ahead-seeking statements. These statements are created under the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. These ahead-wanting statements can be determined by terminology these kinds of as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and identical statements. Statements that are not historic specifics, which include statements about Xpeng’s beliefs and expectations, are ahead-wanting statements. Forward-wanting statements entail inherent pitfalls and uncertainties. A quantity of factors could induce genuine benefits to vary materially from these contained in any ahead-seeking statement, like but not restricted to the subsequent: Xpeng’s intention and methods Xpeng’s growth options Xpeng’s future business growth, economical issue and effects of operations the traits in, and sizing of, China’s EV industry Xpeng’s expectations regarding desire for, and marketplace acceptance of, its goods and solutions Xpeng’s anticipations relating to its relationships with prospects, contract manufacturers, suppliers, third-get together services providers, strategic associates and other stakeholders typical financial and organization situations and assumptions underlying or similar to any of the foregoing. Further more information and facts concerning these and other hazards is bundled in Xpeng’s filings with the SEC. All info provided in this press launch is as of the day of this push launch, and Xpeng does not undertake any obligation to update any forward-wanting assertion, apart from as essential less than applicable legislation.
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Copyright Company Wire 2021.
PUB: 04/01/2021 02:36 AM/DISC: 04/01/2021 02:36 AM
Copyright Business Wire 2021.