XPENG Announces Vehicle Delivery Results for December and Fourth Quarter 2024

Core Insights - XPeng Inc. reported significant growth in vehicle deliveries, with December 2024 deliveries reaching 36,695 units, an 82% increase year-over-year [1][2] - The total deliveries for Q4 2024 were 91,507 units, marking a 52% increase year-over-year and exceeding the upper end of the quarterly guidance range [1][2] - For the full year 2024, XPeng achieved total deliveries of 190,068 units, a 34% increase compared to the previous year [1][2] Delivery Performance - In December 2024, XPeng's MONA M03 model surpassed 10,000 deliveries for the fourth consecutive month, achieving a production milestone of 50,000 vehicles in just four months since its launch [2][3] - The XPeng P7+ model also performed well, with deliveries exceeding 10,000 units in December [2] Technological Advancements - XPeng P7+ received its second OTA upgrade in December, introducing the public testing of XOS 5.5.0, which includes advanced smart driving features such as the industry's first "door-to-door" ADAS [4] - The monthly active user penetration rate for XNGP in urban driving reached 85.12% in December, indicating strong user engagement with the smart driving features [5] Company Overview - XPeng is a leading Chinese Smart EV company focused on designing, developing, and manufacturing Smart EVs for technology-savvy consumers [6] - The company aims to drive Smart EV transformation through technology, enhancing the mobility experience of the future [6]