Financial Performance - Quarterly total revenues reached RMB10.10 billion, a 24.5% increase quarter-over-quarter [1] - Gross margin was 15.3%, a historical high and an 18.0 percentage point increase year-over-year [1] - Vehicle sales revenue was RMB8.80 billion, up 12.1% year-over-year and 29.0% quarter-over-quarter [4] - Net loss was RMB1.81 billion, a 53.5% decrease year-over-year [6] - Non-GAAP net loss was RMB1.53 billion, a 45.1% decrease year-over-year [6] Operational Highlights - Total vehicle deliveries were 46,533 in Q3 2024, a 16.3% increase year-over-year [2] - The company had 639 physical sales stores across 206 cities as of September 30, 2024 [2] - Self-operated charging stations reached 1,557, including 654 XPENG S4 ultra-fast charging stations [3] Recent Developments - Total deliveries in October 2024 were 23,917 vehicles [13] - Year-to-date deliveries as of October 31, 2024, were 122,478 vehicles [14] - The company launched the P7+ AI-defined smart electric fastback sedan in November 2024 [16] Management Commentary - The company highlighted significant transformation in core competencies and execution capabilities [12] - Management emphasized the importance of AI in the next decade and the company's focus on becoming a global AI auto company [12] - Technology-driven cost reductions and volume growth contributed to the historical high gross margin [12] Business Outlook - The company expects Q4 2024 vehicle deliveries to be between 87,000 and 91,000, a 44.6% to 51.3% increase year-over-year [36] - Total revenues for Q4 2024 are projected to be between RMB15.3 billion and RMB16.2 billion, a 17.2% to 24.1% increase year-over-year [36] ESG Performance - The company received the highest "AAA" ESG rating from MSCI for the second consecutive year [17] - XPENG was named the "Industry Mover" by S&P Global for two consecutive years, the only company in China's automotive manufacturing industry to achieve this [17] Financial Position - Cash and cash equivalents, restricted cash, short-term investments, and time deposits totaled RMB35.75 billion as of September 30, 2024 [10] - The company's total assets were RMB76.43 billion as of September 30, 2024 [47]

Core Insights - XPENG is set to launch its advanced G6 mid-size SUV in the UK in early 2025, marking a significant step in its European expansion strategy [1][6] - The partnership with International Motors Ltd (IML) as the official distributor will enhance XPENG's market presence and support in the UK [1][3] - The UK market is a priority for XPENG, aligning with the country's rapid transition towards electric vehicles and sustainability [1][4] Company Overview - XPENG, founded in 2014, is a leading Chinese AI-driven mobility company focused on designing, developing, and marketing Smart EVs [9] - The company aims to become a global leader in AI mobility, driving the Smart EV revolution through advanced technology [9] Product Launch - The G6 is a pure-electric mid-size coupe SUV featuring high performance, cutting-edge technology, and zero tailpipe emissions [5] - It includes 800-volt supercharging capabilities and an extended driving range, catering to the evolving needs of European consumers [5] Market Context - The UK's electric vehicle market is experiencing rapid growth, driven by ambitious climate goals and strong consumer demand for cleaner transport [4] - The government aims to phase out petrol and diesel cars by 2030, supported by significant investments in charging infrastructure, which has reached 62,536 public charging devices as of July 1, 2024 [4] Strategic Goals - XPENG's entry into the UK aligns with its broader goal of expanding to over 60 international markets by 2025, with a target for half of its sales to come from outside China [6] - The company has previously expanded into several European markets since 2020, including Norway, Denmark, and Germany [6] Safety and Quality Commitment - The G6 has recently received a Euro NCAP 5-star safety rating, emphasizing XPENG's commitment to safety and quality across all markets [6]

Core Viewpoint - The competition between China's electric vehicle (EV) giants, XPeng Inc. and NIO Inc., intensifies as both companies prepare to announce their third-quarter earnings, with XPeng reporting first followed by NIO [1]. XPeng Inc. - XPeng is experiencing a surge in technological innovation, highlighted by the launch of the AI-defined P7+, the AEROHT flying car, and the Kunpeng Super Electric System, which features record-setting charging speeds [2]. - The stock of XPeng is showing moderate bullish trends, with significant buying pressure observed [3]. - From a technical analysis perspective, XPeng's stock is trading at $13.23, above its 20-day SMA ($12.42), 50-day SMA ($11.54), and 200-day SMA ($9.01), indicating bullish signals, although it is below its eight-day SMA ($13.70), suggesting short-term selling pressure [4]. - Analysts project XPeng's third-quarter revenue to be $1.38 billion, with an expected EPS loss of 27 cents per share, indicating potential upside following the earnings report due to its AI-driven strategy and technical setup [5]. NIO Inc. - In contrast, NIO's stock is currently in a bearish trend despite some recent buying pressure [6]. - NIO's stock is trading at $4.71, below all key moving averages: the eight-day SMA ($4.79), 20-day SMA ($5.07), and 50-day SMA ($5.55), which suggests bearish momentum [7]. - Analysts expect NIO's third-quarter revenue to be $2.54 billion, with an anticipated EPS loss of 30 cents per share, indicating that the company has more to prove in the upcoming earnings report [7]. Overall Industry Outlook - The upcoming earnings reports for both XPeng and NIO could significantly influence the next phase of competition in China's EV market, with XPeng positioned as a front-runner due to its bullish indicators and innovation narrative, while NIO faces challenges with its bearish setup [8][9].

XPENG debuts the Kunpeng Super Electric System for fast charging and extended range worldwide.XPENG launches the Turing AI Intelligent Driving System, paving the way for L4 autonomous driving.XPENG announces XPENG AIOS, transforming in-car AI interactions.XPENG AEROHT “Land Aircraft Carrier” global debut flight scheduled this month, presale to open in December this year.XPENG unveils its advanced humanoid AI Robot Iron, marking a new frontier in robotics applications. GUANGZHOU, China, Nov. 08, 2024 (GLOBE ...

XPENG outlines its vision for AI-defined mobility, highlighting the advanced design and features of the P7+.Equipped with advanced AI models, the P7+ delivers groundbreaking smart driving and cockpit capabilities.With industry-leading energy efficiency and safety, the P7+ is crafted for sustainable, high-performance journeys. GUANGZHOU, China, Nov. 08, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese hi-tech car company, has officially launched t ...

BANGKOK, THAILAND - OCTOBER 26: The Xpeng logo is seen on an electric car during the 2024 Bangkok EV ... [+] Expo at the Queen Sirikit National Convention Center in Bangkok, Thailand on October 26, 2024. (Photo by Valeria Mongelli/Anadolu via Getty Images)Anadolu via Getty ImagesChinese luxury EV maker Xpeng delivered 23,917 vehicles for the month of October, a record for the company. While sales were up about 20% compared to last year, they also rose about 12% compared to September. Xpeng’s total year-to-d ...

Key TakeawaysU.S.-listed shares of a number of Chinese electric vehicle manufacturers mostly rose Monday after October sales rose from last year.Deliveries from BYD, Li Auto, XPeng, and Nio all rose from the same time last year, while Tesla's China-made vehicle sales fell from last year.Tesla stock fell Monday morning, while the others all rose. Investors were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released October delive ...

Key TakeawaysU.S.-listed shares of a number of Chinese electric vehicle manufacturers rose Monday after October sales rose from last year.Deliveries from BYD, Li Auto, XPeng, and Nio all rose from the same time last year, while Tesla's China-made vehicle sales fell from last year.Tesla stock fell Monday morning, while the others all rose. Investors on Wall Street were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released Octobe ...

23,917 vehicles delivered in October 2024, a new monthly record and a 20% increase year-over-yearDeliveries of XPENG MONA M03 exceeded 10,000 units for the second straight monthXPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs GUANGZHOU, China, Nov. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle del ...

GUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, will officially launch the XPENG P7+, the highly anticipated AI-defined smart electric fastback sedan, on Thursday, November 7, 2024. Live Broadcast from China - English Replay Available The live broadcast of the XPENG P7+ Launch Event will begin on Thursday, November 7, with an English-language replay available on Thursday, Nov ...