Xpeng

Xpeng shows details of the side design of the Mona M03 in a new image.

Xpeng calls the first model in the Mona lineup the Xpeng M03 and unveils the first official image of the model.

Xpeng appointed JuanMa Lopez as vice president of design center, saying he will drive the evolution and upgrade of the company's design style.

Autoliv, the world's largest producer of airbags and seatbelts, said its partnership with Xpeng Aeroht is aimed at making low-altitude mobility safer.

The X9 MPV delivered 1,625 vehicles in May, contributing 16 percent of Xpeng's monthly deliveries.

Xpeng management said earlier this month that Mona's first model will be unveiled in June and will go on sale and begin deliveries in the third quarter.

Amid Xpeng's internal concerns and distributor resistance, its wholesale sales model has only been tested on a small scale so far, according to local media.

"XPeng delivered 1Q24 earnings upside driven by earlier-than-expected recognition of high-margin VW tech and service revenue; 2Q24 volume outlook also came in better than feared," Deutsche Bank said.

The first model from Xpeng's Mona sub-brand will be unveiled in June and will go on sale and start deliveries in the third quarter.

Xpeng's first-quarter revenue beat Wall Street estimates, gross margin rebounded further to a new high since the third-quarter of 2022, despite conservative guidance for second-quarter deliveries.