Deliveries in December 2023 reached a new record of 20,115 units, a 78% increase year-over-year60,158 units delivered in Q4 2023, a 171% increase year-over-year141,601 units delivered for the full year of 2023, a 17% increase year-over-year GUANGZHOU, China, Jan. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its vehicle delivery results for December and the fourth quarter 2023. In December 2023, X ...

XPENG customers have received XNGP with urban driving capabilities across the country via Over-the-Air (OTA) updateXPENG took the lead in terms of urban roads coverage and customer experience of mass-produced high-level ADASTo extend XNGP's coverage to a total of 200 cities across China by early 2024 GUANGZHOU, China, Dec. 29, 2023 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced it has successfully rolled ou ...

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XPeng Inc. (NYSE:XPEV) Q3 2023 Earnings Call Transcript November 15, 2023 8:00 AM ET Company Participants Alex Xie - Head of Investor Relations Xiaopeng He - Co-Founder, Chairman and CEO James Wu - Vice President of Finance and Accounting Brian Gu - Vice Chairman and President Charles Zhang - Vice President of Corporate Finance and Investments Conference Call Participants Tim Hsiao - Morgan Stanley Ming Hsun Lee - Bank of America Tina Hou - Goldman Sachs Paul Gong - UBS Jing Chang - CICC Nick Lai - JP Morga ...

Financial Performance - Total vehicle deliveries decreased by 39.9% to 41,435 in the six months ended June 30, 2023, compared to 68,983 in the same period of 2022[5]. - Total revenues were RMB9.10 billion, a decrease of 38.9% from RMB14.89 billion in the six months ended June 30, 2022[14]. - Revenues from vehicle sales dropped by 43.0% to RMB7.94 billion, down from RMB13.94 billion in the same period of 2022[14]. - Gross margin was negative 1.4%, compared to 11.6% in the six months ended June 30, 2022[6]. - Net loss attributable to ordinary shareholders was RMB5.14 billion, compared to RMB4.40 billion in the same period of 2022[19]. - Gross loss for the period was RMB130,359, compared to a gross profit of RMB1,720,089 in the previous year, reflecting a significant shift in profitability[68]. - Net loss attributable to ordinary shareholders was RMB5,141,610 for the six months ended June 30, 2023, compared to a net loss of RMB4,401,649 in the same period of 2022, representing an increase in loss of about 16.8%[72]. - The net loss for the six months ended June 30, 2023, was RMB5,141,610, compared to a net loss of RMB4,401,649 for the same period in 2022, indicating a deterioration in financial performance[83]. - Cash used in operating activities for the six months ended June 30, 2023, was RMB6,221,971, significantly higher than RMB2,286,271 for the same period in 2022[83]. - The Group incurred net losses of RMB5,141,610, compared to RMB4,401,649 for the same period in 2022, indicating an increase in losses of approximately 16.8%[118]. Cash and Liquidity - Cash and cash equivalents, restricted cash, and short-term investments totaled RMB33.74 billion as of June 30, 2023, down from RMB38.25 billion as of December 31, 2022[7]. - Cash provided by financing activities was RMB2,451,746 for the six months ended June 30, 2023, compared to RMB1,723,814 in the same period of 2022, showing an increase in financing[89]. - The total cash, cash equivalents, and restricted cash at the end of the period was RMB11,686,319, down from RMB14,714,046 at the beginning of the period[89]. - As of June 30, 2023, the total cash and cash equivalents amounted to RMB11,010,447, a decrease from RMB14,607,774 as of December 31, 2022, representing a decline of approximately 24.5%[148]. - The Group's balance of cash and cash equivalents, restricted cash, and short-term deposits as of June 30, 2023, was RMB29,240,552, providing sufficient liquidity for the next twelve months[119]. - Management concluded that the existing balance of cash and cash equivalents provides sufficient liquidity to meet working capital requirements and contractual obligations for the next twelve months[122]. Research and Development - Research and development expenses increased by 7.1% to RMB2.66 billion, up from RMB2.49 billion in the same period of 2022[16]. - Research and development expenses increased to RMB2,662,961 for the six months ended June 30, 2023, compared to RMB2,486,237 in the same period of 2022, marking an increase of approximately 7.1%[68]. Strategic Partnerships and Product Launches - The company launched the G6 Ultra Smart Coupe SUV on June 29, 2023, with deliveries commencing in July 2023[11]. - XPENG entered a strategic partnership with Volkswagen for a minority investment of approximately US$700 million on July 26, 2023[11]. - XPENG announced a partnership with DiDi Global Inc. to accelerate the adoption of Smart EVs on August 27, 2023[12]. Assets and Liabilities - Total assets decreased from RMB71,491,006 as of December 31, 2022, to RMB66,684,664 as of June 30, 2023, representing a decline of approximately 6.3%[59]. - Total current liabilities decreased slightly from RMB24,114,853 as of December 31, 2022, to RMB23,432,423 as of June 30, 2023, a reduction of about 2.8%[62]. - Long-term borrowings increased from RMB4,613,057 as of December 31, 2022, to RMB5,388,395 as of June 30, 2023, an increase of approximately 16.8%[62]. - Total shareholders' equity decreased from RMB36,910,665 as of December 31, 2022, to RMB32,672,963 as of June 30, 2023, a decline of about 11.5%[65]. - The accumulated deficit amounted to RMB30,472,526, up from RMB25,330,916 as of December 31, 2022, reflecting a year-to-date increase of approximately 20.5%[118]. Inventory and Write-downs - The company recorded an inventory write-down of RMB353,090 for the six months ended June 30, 2023, compared to RMB23,217 in the same period of 2022, reflecting challenges in inventory management[83]. Share Capital and Equity - The company issued 1,731,103,684 ordinary shares as of June 30, 2023, compared to 1,725,402,056 shares as of December 31, 2022, indicating an increase in share capital[77]. Government Subsidies and Revenue Recognition - Government subsidies for electric vehicle purchases are considered part of the transaction price, impacting the revenue recognized[189]. - The Group recognizes revenue from vehicle sales when control is transferred to customers, with multiple performance obligations including vehicle sales, free battery charging, and warranties[181]. - Revenue from services embedded in sales contracts includes free battery charging and extended warranties, recognized under ASC 606[200].

Financial Data and Key Metrics Changes - Total revenues for Q2 2023 were RMB5.06 billion, a decrease of 31.9% year-over-year but an increase of 25.5% quarter-over-quarter [24] - Vehicle sales revenues were RMB4.42 billion, representing a decrease of 36.2% year-over-year and an increase of 25.9% quarter-over-quarter [24] - Gross margin was negative 3.9% for Q2 2023, compared to 10.9% for the same period in 2022 and 1.7% for Q1 2023 [25] - Net loss was RMB2.8 billion for Q2 2023, compared to RMB2.7 billion for the same period in 2022 [27] - Cash on hand at the end of Q2 2023 amounted to RMB33.7 billion, with cash outflow from operations narrowed to around RMB1 billion [20] Business Line Data and Key Metrics Changes - The G6 model has become the dominant BEV in the RMB200,000 to RMB300,000 price segment, with orders for the G6 Max version accounting for 70% of total G6 orders in the first month of its launch [7][12] - The P7i model has seen monthly deliveries surpassing 3,000 units for two consecutive months since June 2023 [9] Market Data and Key Metrics Changes - The company expects total vehicle deliveries to be between 39,000 and 41,000 units in Q3 2023, representing 68.1% to 76.7% quarter-over-quarter growth [21] - The G6 delivery volume is expected to grow significantly in September, with a goal to deliver more than 10,000 G6 units monthly in Q4 [12] Company Strategy and Development Direction - The company has formed a long-term strategic partnership with Volkswagen, which includes a total equity investment of approximately $700 million [14] - The focus is on advancing full-stack technology innovation and building a sustainable business model underpinned by full-stack capabilities across hardware, software, and commercial operations [8] - The company aims to reduce overall costs by 25% by the end of 2024, enhancing product competitiveness and gross margin [18] Management Comments on Operating Environment and Future Outlook - Management acknowledges intensified competition and evolving market conditions, leading to a comprehensive transformation within the company [6] - The company expects to achieve positive cash flow from operations in the second half of 2023, driven by accelerating sales growth [20] - Management anticipates that the virtuous cycle of sales, branding, and cash flow will continue to strengthen [21] Other Important Information - R&D expenses for Q2 2023 were RMB1.37 billion, an increase of 8.1% year-over-year [26] - SG&A expenses were RMB1.54 billion, a decrease of 7.3% year-over-year [26] Q&A Session Summary Question: Improvement of component supply and G6 order momentum - Management is confident in G6 future sales and expects to achieve at least 10,000 monthly deliveries for G6 in Q4, with supply chain constraints being resolved [29] Question: Pricing competition and impact on vehicle margin - Recent price movements from competitors have not significantly impacted G6 sales, and the focus remains on regaining growth and scale [32] Question: Distribution network building and expected expenses - Changes to the sales channel and strategy are expected to lead to more efficient operations and potentially lower sales and marketing costs [38] Question: Operating level breakeven point - Management maintains the view that the company will achieve quarterly free cash flow positive by 2024 and overall breakeven by 2025 [40] Question: Autonomous driving without HD map - The transition to non-HD map reliant systems presents challenges but also offers benefits such as lower costs and broader application coverage [44] Question: New product pipeline and collaborations - The company plans to launch multiple new models in 2024 and remains open to strategic collaborations beyond Volkswagen [52]

Exhibit 99.2 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. LOGO 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 ...

XPeng Inc. (NYSE:XPEV) Q1 2023 Earnings Conference Call May 24, 2023 8:00 AM ET Company Participants Xiaopeng He - Chairman, Chief Executive Officer Brian Gu - Vice Chairman, President Dennis Lu - Vice President, Finance and Accounting Charles Zhang - Vice President, Corporate Finance Alex Xie - Head of Investor Relations Conference Call Participants Tim Hsaio - Morgan Stanley Bin Hang - Credit Suisse Paul Gong - UBS Nick Lai - JP Morgan Ming Lee - Bank of America Ping Yu Wu - CITIC Securities Jing Chang - ...

Exhibit 99.1 LOGO XPENG Reports First Quarter 2023 Unaudited Financial Results • Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB34.12 billion (US$4.97 billion) as of March 31, 2023 • Quarterly total revenues were RMB4.03 billion, a 21.5% decrease quarter-over-quarter • Quarterly gross margin was 1.7%, a decrease of 7.0 percentage points quarter-over-quarter GUANGZHOU, China — (BUSINESS WIRE) — May 24, 2023 — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and H ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...