XPeng (XPEV) Drops 7.9% on Lower Nov Deliveries

Core Viewpoint - XPeng Inc. (NYSE:XPEV) experienced a significant drop in share prices due to lower vehicle deliveries in November, closing at $19.66 after a 7.92% decline [1]. Delivery Performance - In November, XPeng delivered 36,728 smart electric vehicles, which is a 12.6% decrease from 42,013 vehicles delivered in October, but represents a 19% increase year-on-year [2]. - For the first 11 months of the year, XPeng has delivered a total of 391,937 units, marking a 156% increase compared to the same period last year [2]. Overseas Operations - Deliveries from January to November reached 39,773 units, reflecting a 95% increase from the same timeframe last year [3]. Upcoming Developments - Investors are anticipating updates on XPeng's VLA 2.0 large model, which introduces a new "Vision-Implicit Token-Action" approach, eliminating the need for language translation [3]. - The VLA 2.0 model aims to revolutionize the industry by enabling direct generation from visual signals to action commands, representing a shift from traditional architectures [4]. Model Capabilities - The VLA 2.0 model is designed to be applicable across various domains, including AI cars, humanoid robots, and flying cars, and features self-evolving learning capabilities [5].