Xpeng
Alibaba plans sale of 25 million Xpeng ADSs, to remain 2nd-largest shareholder
Xpeng said Alibaba's move was in execution of its capital management strategy and not due to a change in its view of the company.
Xpeng to officially launch X9 MPV on Jan 1
Xpeng gave the X9 its debut on November 17 and began pre-sales with a starting price of RMB 388,000 yuan.
Xpeng begins beta tests of XNGP in extra 27 cities, coverage to expand to 52 cities
Xpeng aims to have XNGP available on all roads in major Chinese cities by the end of 2024, with NGP functionality also available in Europe by then.
Xpeng Nov deliveries breakdown: G6 at 8,750, G9 at 5,778
Deliveries of the G6 flattened, the G9 and P5 continued to grow last month, while the P7-series sedan slipped.
Xpeng offers up to $3,630 limited-time discount on P7i
Xpeng launched the P7i in China on March 10, and on November 6 rolled out two lower-priced versions of the model with LFP battery packs.
Xpeng delivers record 20,041 vehicles in Nov, largely flat from Oct
Xpeng's year-to-date deliveries reached 121,486 units, up 10.98 percent year-on-year, surpassing last year's full-year deliveries.
Xpeng officially unveils X9 MPV, starts pre-sales at far lower price than Li Mega
Xpeng X9 starts at RMB 388,000 for pre-sales, with deliveries to begin in January, while Li Auto's Li Mega will be priced between RMB 500,000 and 600,000.
Xpeng Q3 earnings call: Live updates
Xpeng is confident of achieving rapid volume growth and a significant rebound in gross margin in the fourth quarter.
Xpeng Q3 earnings: Deutsche Bank's 1st look
"Promotional activity appeared more aggressive than anticipated," Deutsche Bank said.
Xpeng Q3 revenue slightly below expectations, gross margin still negative
Xpeng guided for fourth-quarter deliveries in the range of 59,500 to 63,500 units, meaning it expects to deliver a total of 39,498 to 43,498 vehicles in November and December.
