Xpeng expects G6 deliveries to ramp up significantly in September, driving the company's monthly deliveries to over 15,000 units.
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Xpeng is holding an analyst call for its second-quarter earnings, and here are the key takeaways from the call. The latest content is placed at the top.
Xpeng expects 2025 or 2026 to be the iPhone 4 moment for autonomous driving.
Xpeng's first seven-seater MPV model will be released at the end of the fourth quarter and is likely to make a limited contribution to this year's deliveries. The model has a very spacious interior and will have a very good handling experience.
Xpeng plans to launch 2 new models next year, and they will be the main driver of delivery growth.
Recent price cuts by competitors have not affected the order performance of the G6, and the momentum is intact.
Order levels for the G6 are trending strongly, with the main challenge now being the bottleneck faced by the Max version of the model in terms of the supply of intelligent components.
Xpeng is preparing for the G6 to deliver more than 10,000 or even more in a single month.
Xpeng expects to see operating cash flow turn positive in the second half of the year.
Xpeng is confident of offering advanced driver assistance systems in the RMB 150,000 range.
Xpeng is confident that it will see a 25 percent reduction in overall costs by the end of 2024, which will allow for a significant improvement in gross margins while significantly improving product competitiveness.
Xpeng is confident that it will launch XNGP in 50 cities by the end of the year without relying on HD maps and plans to bring down the cost of XNGP by 50 percent by 2024.
Xpeng will make the industry's most advanced smart driving hardware standard across the lineup and explore flexible payment options for users with software subscriptions.
Xpeng is working with suppliers to increase capacity and expects G6 deliveries to ramp up significantly in September, pushing the company's monthly deliveries to more than 15,000 units.
The era of AI-defined cars is just beginning, and Xpeng will be one of the main drivers of that wave.
Xpeng is working with suppliers to ramp up production capacity and expects G6 deliveries to ramp up significantly in September, pushing the company's monthly deliveries to more than 15,000 units.
With the G6 ramping up and the introduction of enriched configurations for existing models, Xpeng will strive for peak monthly deliveries of 20,000 in the fourth quarter.
Xpeng will challenge the target of 20,000 monthly deliveries in the fourth quarter and get the G6 to deliver more than 10,000 units in a single month.
Xpeng Q2 earnings: Revenue rebounds, gross margin falls to negative, loss hits record
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