智通财经APP获悉，小鹏汽车-W(09868)跌近6%，低见32.25港元创2023年6月以来新低。截至发稿，跌5.38%，报32.55港元，成交额1.95亿港元。 消息面上，根据懂车帝终端销量数据，小鹏2024年前3周销量分别同比下跌46%/71%/54%，前3周总销量同比下跌59%，表现低迷。其中旗舰车型G6周销量从约1500辆降至只有约400辆，其他车型G9、P7、P5 等销量都有明显下滑。 1月23日晚，小鹏汽车官方发布了小鹏P7i车型的最新价格，其中鹏翼性能版推出了限时综合优惠价28.99万元，相比此前的33.99万元售价降低了5万元整。而在此之前，小鹏汽车已经历多轮降价，尤其在上个月小鹏汽车月内三次降价。交银国际认为，2024年新能源乘用车市场将会是更卷的一年。该行认为小鹏难以独善其身，毛利转正可能不及市场预期。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 XPeng Inc. 小鵬汽車有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9868） 小 鵬 汽 車 發 佈 2023 年 第 三 季 度 的 未 經 審 計 財 務 業 績 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條及根據證券及期貨條 例（香港法例第571章）第XIVA部而刊發。 ‧ 截至2023年9月30日，現金及現金等價物、受限制現金、短期投資及定期存款為人民 幣364.8億元（50.0億美元） ‧ 季度總收入為人民幣85.3億元，按季上升68.5% ‧ 季度毛利率為負2.7%，按季增加1.2個百分點 中國廣州，2023年11月15日 — 中國領先的智能電動汽車（「智能電動汽車」）公司XPeng Inc（.「小鵬汽車」或「本公司」，紐交所代號：XPEV及聯交所代號：9868）今天公佈其截至 2023年9月30日止三個月的未經審計財務業績。 ...

XPeng Inc. XPeng Inc. 小鵬汽車有限公司* 小鵬汽車有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) 紐交所代號 NYSE : XPEV 港交所代號 HKEX : 9868 ...

[0 -> 10] Hello, ladies and gentlemen. Thank you for standing by for the second quarter 2023 earnings [10 -> 17] conference call for Xpeng Inc. At this time, all participants are in listen-only mode. [17 -> 22] After management's remarks, there will be a question and answer session. Today's conference [22 -> 27] call is being recorded. I will now turn the call over to your host, Mr. Alex Yeh, Head [27 -> 32] of Investor Relations for the company. Please go ahead, Alex. [32 -> 37] Thank you. Hello, everyone, ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 XPeng Inc. 小鵬汽車有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9868） 截 至 2023 年 6 月 30 日 止 六 個 月 之 中 期 業 績 公 告 中國領先的智能電動汽車（「智能電動汽車」）公司XPeng Inc（.「小鵬汽車」或「本公司」，香 港股份代號：9868及紐交所代號：XPEV）今天公佈本公司及其子公司（「本集團」）截至2023 年6月30日止六個月（「報告期」）的未經審計財務業績。 截至2023年6月30日止六個月的運營及財務摘要 ‧ 截至2023年6月30日止六個月汽車交付量為 41,435輛，較截至2022年6月30日止六個 月的68,983輛減少39.9%。 ‧ 截至2023年6月30日，小鵬汽車的實體銷售網絡合共411間門店。 ‧ 截至2023年6月30日，小鵬汽車自營充電站網絡達1,024座充電站，包括824座小鵬汽 車自營超級充 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 XPeng Inc. 小鵬汽車有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9868） 小 鵬 汽 車 發 佈 2023 年 第 二 季 度 的 未 經 審 計 財 務 業 績 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條及根據證券及期貨條 例（香港法例第571章）第XIVA部而刊發。 ‧ 截至2023年6月30日，現金及現金等價物、受限制現金、短期投資及定期存款為人民 幣337.4億元（46.5億美元） ‧ 季度總收入為人民幣50.6億元，按季上升25.5% ‧ 季度毛利率為負3.9%，按季下降5.6個百分點 中國廣州 —（《美國商業資訊》(BUSINESS WIRE)） — 2023年8月18日 — 中國領先的智能 電動汽車（「智能電動汽車」）公司XPeng Inc（.「小鵬汽車」或「本公司」，紐交所代號：XPEV 及聯交所代號：9868）今天公佈其截至2 ...

[0 -> 9] Hello, ladies and gentlemen. Thank you for standing by for the first quarter 2023 earnings conference call for XPeng, Inc. [9 -> 13] At this time, all participants are in listen-only mode. [13 -> 18] After management's remarks, there will be a question and answer session. [18 -> 21] Today's conference call is being recorded. [21 -> 28] I will now turn the call over to your host, Mr. Alex Sheath, head of investor relations of the company. [28 -> 31] Please go ahead, Alex. [31 -> 37] Thank you. Hello ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 XPeng Inc. 小鵬汽車有限公司* （於開曼群島註冊成立以不同投票權控制的有限公司） （股份代號：9868） 小鵬汽車發佈2023年第一季度的未經審計財務業績 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條及根據證券及期貨條例 （香港法例第571章）第XIVA部而刊發。 ‧ 截至2023年3月31日，現金及現金等價物、受限制現金、短期投資及定期存款為人民 幣341.2億元（49.7億美元） ‧ 季度總收入為人民幣40.3億元，按季下降21.5% ‧ 季度毛利率為1.7%，按季下降7.0個百分點 中國廣州 —（《美國商業資訊》(BUSINESS WIRE)） — 2023年5月24日 — 中國領先的智能 電動汽車（「智能電動汽車」）公司XPeng Inc（.「小鵬汽車」或「本公司」，紐交所代號：XPEV 及聯交所代號：9868）今天公佈其截至2023年3月31日止三個月的未經審計財務業 ...

Vehicle Deliveries and Revenue Growth - Total vehicle deliveries in 2022 reached 120,757 units, a 23.0% increase compared to 98,155 units in 2021[5] - Total revenue for 2022 was RMB 26.86 billion, up 28.0% from RMB 20.99 billion in 2021[5] - Total revenue increased from RMB 5,844.3 million in 2020 to RMB 26,855.1 million in 2022, with smart EV deliveries growing from 27,041 units in 2020 to 120,757 units in 2022, a 23.0% YoY increase from 2021 to 2022[14] - Xiaopeng Motors' revenue increased from RMB 5,844.3 million in 2020 to RMB 26,855.1 million in 2022, representing significant growth[95] - The company's smart EV deliveries grew from 27,041 units in 2020 to 120,757 units in 2022[95] Gross Margin and Profitability - Gross margin for 2022 was 11.5%, compared to 12.5% in 2021[5] - Gross margin rose from 4.6% in 2020 to 12.5% in 2021 but declined to 11.5% in 2022[14] - Net loss for 2022 was RMB 9.14 billion, compared to RMB 4.86 billion in 2021[5] - The company has been generating significant net losses and negative operating cash flows, with net losses of RMB 2,732.0 million in 2020, RMB 4,863.1 million in 2021, and RMB 9,139.0 million in 2022[103] - Operating cash outflows were RMB 139.8 million in 2020, RMB 1,094.6 million in 2021, and RMB 8,232.4 million in 2022[103] Charging Infrastructure and Sales Network - As of December 31, 2022, the company had 420 stores covering 143 cities and 1,014 self-operated charging stations[5] - The company expanded its self-operated charging station network to 1,014 stations by the end of 2022, including 808 supercharging stations and 206 destination charging stations[13] - The company's physical sales network covered 420 stores across 143 cities in China as of December 31, 2022[13] - The company launched seven 480kW supercharging stations in five Chinese cities in September 2022, significantly reducing charging time for G9 models equipped with an 800V high-voltage platform[28] - The company expanded its self-operated charging station network to 1,014 stations, including 808 supercharging stations and 206 destination charging stations by the end of 2022[28] Product Launches and Updates - The company launched the new P7i sports sedan in March 2023, featuring upgrades in intelligent driving, cockpit, performance, and charging efficiency[9] - The company launched the G9, its fourth smart EV and flagship SUV, in September 2022, with mass deliveries starting in October 2022[12] - The company introduced the P7i, a mid-cycle refresh of the P7, in March 2023, with deliveries starting the same month[13] - Xiaopeng Motors launched its fourth smart EV, the flagship SUV G9, in September 2022 and began mass deliveries in October 2022[94] - The company introduced the mid-cycle refresh of the P7, the P7i, in March 2023 and started deliveries the same month[94] ADAS and Autonomous Driving Technology - The company's ADAS software, including the City NGP feature launched in September 2022, enables advanced autonomous driving capabilities in complex urban scenarios[11] - Advanced ADAS software XPILOT 3.0 was released in January 2021, supporting highway driving assistance (NGP) and advanced parking features, with city NGP launched in Guangzhou in September 2022[20] - The company's proprietary ADAS technology is tailored for Chinese driving behavior and road conditions, with continuous updates and improvements, including the introduction of XNGP in October 2022[23][24] - The company's ADAS technology is critical for differentiating its smart EVs, and any delays in improving ADAS capabilities could significantly impact business performance[96] - ADAS technology is still evolving and not widely accepted, with potential risks related to driver interaction and regulatory restrictions[99] Production Facilities and Expansion - The company operates production facilities in Zhaoqing and Guangzhou, with a new production base under construction in Wuhan[13] - The company's production facilities include the Zhaoqing and Guangzhou factories, with a new production base under construction in Wuhan[31] - The company's production facilities include a factory in Zhaoqing, Guangdong, and a new factory in Guangzhou, Guangdong, which began production in December 2022[94] - A new manufacturing base is under construction in Wuhan, Hubei, on a land area exceeding 980,000 square meters, with construction starting in July 2021[38] - The company owns land use rights in Zhaoqing, Guangdong, covering over 600,000 square meters, with a building area of 211,109 square meters[38] Regulatory and Compliance Risks - The company faces potential regulatory challenges related to overseas securities issuance and cybersecurity reviews under new Chinese laws[41] - The company faces regulatory risks, including potential impacts from the Holding Foreign Companies Accountable Act (HFCAA) and changes in Chinese regulations affecting foreign investments[92] - The company relies on contractual arrangements with variable interest entities (VIEs) for certain operations, which may pose risks if these arrangements are deemed non-compliant with Chinese regulations[92] - The company faces risks related to the interpretation and enforcement of China's labor laws and regulations[180] - The company's ability to enforce legal judgments or initiate legal proceedings in China under US or other foreign laws may be limited[192] Supply Chain and Component Risks - The company relies on suppliers for key technologies such as batteries and semiconductors, which may involve significant costs and reduce ROI on existing models[96] - The company relies heavily on a single supplier for semiconductor components, primarily from NVIDIA, which could disrupt operations if supply is interrupted[104] - The company faces supply chain risks due to reliance on single-source suppliers for certain components, which could lead to production delays and increased costs if disruptions occur[117] - The company experienced a shortage of millimeter-wave radar, affecting P5 deliveries, and offered customers options to receive vehicles without radar or wait for full installations[120] - Rising costs of raw materials such as lithium, nickel, and cobalt could increase battery cell costs and disrupt supply, impacting production and financial performance[119] International Expansion and Market Risks - The company has expanded into international markets, including Europe, with deliveries of G3 and P7 models, and opened self-operated stores in the Netherlands, Sweden, Denmark, and Norway[154] - International sales expose the company to risks such as foreign exchange fluctuations, increased costs for local market operations, and compliance with diverse legal and regulatory requirements[155] - The company's operations are highly dependent on China, with the majority of revenue coming from the Chinese market[167] - The company faces risks from natural disasters, epidemics, and other disruptions that could impact operations and data security[167] - China's economic policies and regulatory changes could significantly affect the company's business and financial performance[168] Financial and Capital Risks - The company may require additional capital for investments, acquisitions, or capital expenditures, and may continue to rely on equity and debt financing[103] - The company's ability to achieve profitability depends on its ability to control costs and generate sufficient revenue from smart electric vehicle sales and services[103] - The company's business plan requires significant funding, and failure to secure external financing may force the company to reduce or terminate operations[105] - The company's capital expenditure levels are expected to be heavily influenced by user demand for its smart electric vehicles and services[105] - The company plans to seek equity or debt financing to fund part of its capital needs, but there is no guarantee it will obtain financing on acceptable terms or at all[105] Data Privacy and Cybersecurity - The company collects and stores data related to ADAS, infotainment systems, and vehicle performance, adhering to data protection laws and implementing security measures such as access control and encryption[32] - The company faces significant risks related to data privacy and security, including potential administrative investigations, civil claims, and reputational damage if customer data privacy rights are violated[113] - The company has incurred and will continue to incur significant costs to comply with privacy, data protection, cybersecurity, and information security laws and regulations[111] - The company must comply with GDPR for its smart electric vehicle shipments to Europe, which imposes strict obligations on data processing and control[112] - The company's intelligent electric vehicle systems are vulnerable to cyber attacks, unauthorized access, or control, which could lead to loss of user trust and harm the business[132] Labor and Talent Management - The company's employee count increased to 15,829 by the end of 2022, with 39.9% in R&D and 39.9% in sales and marketing[35][36] - The company employs 15,516 staff in mainland China and Hong Kong, with 313 working overseas as of December 31, 2022[36] - The company's success heavily depends on the efforts of key executives and employees, and their departure could significantly delay operations and increase costs[134] - The company faces challenges in attracting and retaining qualified talent in the competitive smart EV and ADAS technology sectors[134] - Non-compliance with China's labor laws could lead to disputes, government investigations, and additional compensation to employees[180] Intellectual Property and Legal Risks - The company may face prolonged and costly intellectual property infringement claims, potentially leading to significant expenses and operational disruptions[140] - Successful infringement claims without obtaining necessary licenses could severely impact the company's business, financial condition, and operating results[141] - Unauthorized use of the company's intellectual property by third parties could harm its competitive position and future earnings[142] - The company's leased properties in China may face usage disruptions due to non-compliance with land use regulations, leading to potential relocation costs[143] - The company's corporate structure and contractual arrangements may be deemed illegal by regulatory authorities, potentially leading to loss of control over variable interest entities (VIEs) and significant business disruptions[198] Government Subsidies and Incentives - G3 and P7 models are eligible for government subsidies under the new energy vehicle promotion policy[48] - Government subsidies for new energy vehicles will decrease by 20% in 2017-2018 and by 40% in 2019-2020 compared to 2016 levels[48] - Local government subsidies are capped at 50% of central government subsidies[49] - New energy vehicle subsidies will decrease by 10%, 20%, and 30% annually from 2020 to 2022, with a cap of approximately 2 million vehicles per year[49] - Purchase tax exemption for new energy vehicles has been extended to December 31, 2023[49] Tax and Financial Regulations - The corporate income tax rate for resident enterprises in China is generally 25%, while non-resident enterprises without branches in China are subject to a 10% tax rate on income derived from China[82] - Qualified high-tech enterprises can enjoy a reduced corporate income tax rate of 15% instead of the standard 25% rate[82] - The withholding tax rate on dividends for Hong Kong resident enterprises from Chinese resident enterprises can be reduced from 10% to 5% under the Double Taxation Avoidance Arrangement[82] - The VAT rate for certain modern services is 6%, while small-scale taxpayers may be eligible for a reduced VAT rate of 3%[84] - From May 1, 2018, the VAT rates for taxable goods were reduced from 17% and 11% to 16% and 10%, respectively, and further reduced to 13% and 9% from April 1, 2019[84] Foreign Investment and Exchange Regulations - The Foreign Investment Law and its implementation regulations came into effect on January 1, 2020, replacing three major previous laws governing foreign investment in China[43] - The Foreign Investment Law introduces a pre-establishment national treatment plus negative list management system, where foreign investors are treated no less favorably than domestic investors in sectors not on the negative list[43] - The 2021 Foreign Investment Negative List and the 2022 Encouraged Foreign Investment Industry Catalog specify sectors where foreign investment is restricted or encouraged[43] - The State Administration of Foreign Exchange (SAFE) has simplified foreign exchange procedures, allowing multiple special-purpose foreign exchange accounts to be opened without prior approval, including pre-establishment expense accounts, foreign exchange capital accounts, and guarantee accounts[75] - Foreign-invested enterprises can now use foreign exchange capital for equity investments within China under the "Notice No. 19" issued by SAFE in 2015, but restrictions remain on using these funds for out-of-scope expenditures or inter-company entrusted loans[76] Environmental and Safety Regulations - The company must comply with various environmental and safety laws and regulations, which could lead to significant costs and delays in constructing production facilities[149] - Lithium-ion batteries used in the company's vehicles pose safety risks, including rare instances of combustion or fire, which could lead to lawsuits or recalls[138] - Improper handling of lithium-ion batteries at facilities could disrupt operations and damage the company's brand[139] - Unauthorized modifications or aftermarket customization of vehicles by customers may compromise safety and lead to negative publicity[139] - The company's warranty reserve for smart electric vehicles as of December 31, 2022, was RMB 641.1 million, which may be insufficient to cover future warranty claims, potentially impacting financial performance[152] Competition and Market Risks - The company faces intense competition in the Chinese passenger vehicle market, particularly in the mid-to-high-end smart electric vehicle segment[101] - The company competes with other pure electric vehicle companies, new energy vehicles, and traditional internal combustion engine vehicles in the mid-to-high-end market[101] - The company anticipates increased competition due to rising demand for alternative energy vehicles, regulatory requirements, and global industry consolidation[101] - The company's demand for smart electric vehicles may be affected by factors such as sales and financing incentives, raw material and component prices, oil and gasoline costs, and government regulations[102] - The company's revenue heavily depends on a few smart electric vehicle models, including the G3, P7, P5, and G9[108] Customer Experience and Service - The company aims to provide a comprehensive customer service experience, including charging solutions, after-sales services, and value-added services. However, challenges in meeting customer expectations or scaling services as vehicle deliveries increase could negatively impact the business[125] - The company plans to expand its charging network primarily through partnerships with third parties. However, there is no guarantee that partners will continue to expand their facilities or maintain favorable terms, which may require significant investment in self-operated charging stations[126] - The company's smart electric vehicles experience a decline in range per charge over time, which may negatively impact potential customers' purchasing decisions[127] - The company operates in the rapidly evolving Chinese EV market, which may not develop as expected and faces regulatory uncertainties[127] - The company's financial performance may fluctuate significantly due to seasonal factors and operating cost volatility[130] Legal and Compliance Risks - The company is subject to potential claims, disputes, and legal proceedings, including those related to social insurance and housing provident fund contributions, which could result in fines or legal sanctions[148] - The company's ability to enforce legal judgments or initiate legal proceedings in China under US or other foreign laws may be limited[192] - The company's corporate structure and contractual arrangements may be deemed illegal by regulatory authorities, potentially leading to loss of control over variable interest entities (VIEs) and significant business disruptions[198] - Potential adverse tax consequences if Chinese tax authorities determine that the contractual arrangements with VIEs were not negotiated at arm's length, leading to transfer pricing adjustments and increased tax liabilities[199] - The company relies on contractual arrangements with VIEs to operate in sectors with restricted or prohibited foreign ownership, such as value-added telecommunications services[200] Financial Performance and Risks - The company's future growth depends on consumer adoption of electric vehicles, particularly its smart electric vehicles[128] - Factors affecting consumer adoption of new energy vehicles include perceptions of quality, safety, design, performance, and cost, as well as charging infrastructure and government incentives[129] - The company's business may be adversely affected if it fails to effectively manage risks associated with its auto financing plans[131] - The company may face enforcement actions or penalties if it fails to comply with financial regulations and consumer protection laws related to auto financing[131] - The company's ability to achieve profitability depends on its ability to control costs and generate sufficient revenue from smart electric vehicle sales and services[103] Technology and Innovation - The company's smart EVs support OTA updates, allowing for continuous software innovation and performance upgrades[13] - The company's software systems, such as XPILOT, XNGP, and Xmart OS, are complex and may have potential defects or vulnerabilities[98] - Regulatory restrictions on mapping and autonomous driving road testing could adversely affect the development of ADAS technology[99] - The company's ADAS R&D is primarily conducted in the US, and it must comply with US export control laws and regulations, which could impact its ability to transfer US-origin software to China[158] - The company's intelligent electric vehicle systems are vulnerable to cyber attacks, unauthorized access, or control, which could lead to loss of user trust and harm the business[132] Market and Economic Risks - The company's smart electric vehicle sales are highly dependent on consumer discretionary spending and are more susceptible to adverse changes in overall economic conditions[157] - The company's operations are highly dependent on China, with the majority of revenue coming from the Chinese market[167] - The company faces risks from natural disasters, epidemics, and other disruptions that could impact operations and data security[167] - China's economic policies and regulatory changes could significantly affect the company's business and financial performance[168] - The company is subject to evolving Chinese laws and regulations, including new rules on overseas listings effective from March 31, 2023[169] Regulatory and Compliance Risks - The company faces regulatory risks in China, including potential penalties, restrictions on operations, and limitations on dividend payments if it fails to comply with new rules or regulations for overseas securities issuance[170] - The company's audit reports prior to 2022 were not subject to full review by the PCAOB, which may impact investor confidence in the quality of its financial statements[170] - PCAOB conducted on-site inspections in Hong Kong from September to November 2022, identifying deficiencies in Chinese audit firms similar to those found in other regions[172] - The company's American Depositary Shares (ADS) could be delisted from U.S. exchanges if PCAOB is unable to fully inspect its auditor for two consecutive years under the HFCA Act[172] - PCAOB revoked its 2021 determination

[1 -> 11] Hello, ladies and gentlemen. Thank you for standing by for the fourth quarter and fiscal year 2022 earnings conference call for Xpeng Inc. [11 -> 20] At this time, all participants are in a listen-only mode. After management's remarks, there will be a question and answer session. [20 -> 23] Today's conference call is being recorded. [23 -> 32] I will now turn the conference over to your host, Mr. Alex Xia, Head of Investor Relations of the company. Please go ahead, Alex. [32 -> 39] Thank you. Hell ...