Exhibit 99.1
XPENG Announces Vehicle Delivery Results for January 2024
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8,250 vehicles delivered in January 2024, a 58% increase year-over-year |
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2,478 units of X9 delivered in the first month of customer deliveries |
GUANGZHOU, China Feb. 1, 2024 XPeng Inc. (XPENG or the Company, NYSE: XPEV and HKEX: 9868), a leading Chinese smart
electric vehicle (Smart EV) company, today announced its vehicle delivery results for January 2024.
In January 2024, XPENG recorded monthly
deliveries of 8,250 Smart EVs, representing a 58% increase year-over-year. In early January, the Company launched its X9 Ultra Smart Large Seven-seater MPV, followed by immediate deliveries across more than 100 cities in China. In January, 2,478 X9s
were delivered and orders for X9 Max trim accounted for approximately 70% of total X9 orders. The X9 has showcased its outstanding product competitiveness and cutting-edge smart technology, catering for needs of families. The Company is currently
ramping up its production capacity for the X9 and accelerating the delivery for customers.
XPENGs industry-leading ADAS technologies offer a
compelling value proposition to XPENG customers. XPENGs XNGP is now fully accessible to users across 243 cities nationwide, boasting the broadest coverage of ADAS functions tailored for urban driving scenarios. The monthly active user
penetration rate of XNGP ADAS has exceeded 85%, ranking first in the industry in terms of active user scale, user experience and mileage penetration rate for urban ADAS.
The Company aims to extend its end-to-end XNGP coverage to major urban road
networks, parking spaces, and private roads nationwide by 2024. Additionally, XPENG plans to initiate R&D on Highway NGP for global markets this year and on XNGP in 2025.
About XPENG
XPENG is a leading Chinese Smart EV
company that designs, develops, manufactures, and markets smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility
experience of the future. In order to optimize its customers mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems, including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices
in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The Companys Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please
visit https://XPENG.com.