XPENG(XPEV) - 2023 Q4 - Annual Report

Exhibit 99.4 XPeng Inc. 小鵬汽車有限公司* (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) NYSE :XPEV HKEX : 9868 2023 ANNUAL REPORT * For identification purposes only CONTENTS 2 Five-Year Financial Summary 3 Key Achievements 5 Forward-Looking Statement 6 Business 41 Risk Factors 124 Management Discussion and Analysis 150 Directors and Senior Management 155 Report of the Directors 198 Corporate Governance Report 218 Independent Auditor’s Report 225 ...