XPENG Publishes 2024 Environmental, Social and Governance Report

Core Insights - XPeng Inc. published its 2024 Environmental, Social and Governance (ESG) Report, showcasing its achievements and commitment to sustainability and long-term societal value creation [1][2]. ESG Achievements - XPeng received the highest MSCI ESG Rating of AAA, indicating its leadership in ESG practices [6]. - The company’s annual clean energy consumption reached 25,718 MWh, with photovoltaic power generation totaling 43,544 MWh, reflecting significant progress in renewable energy adoption [6]. - XPeng's Smart EVs are expected to reduce greenhouse gas emissions by over 3.11 million tons over their lifecycle compared to traditional gasoline vehicles, demonstrating a strong commitment to climate change mitigation [6]. - The company was recognized on the Green Manufacturing List by the Ministry of Industry and Information Technology and awarded the title of "National Green Supply Chain Management Enterprise," highlighting its dedication to sustainable industrial practices [6]. - XPeng established a comprehensive recycling management process for used power batteries, promoting efficient waste resource utilization and contributing to a circular economy [6]. - The company obtained ISO 9001 certification for its quality management system, with no vehicle recalls in 2024, underscoring its rigorous quality standards [6]. - XPeng conducted nine major quality improvement initiatives throughout the year, engaging with 426 suppliers to enhance supply chain quality [6]. - Two XPeng models received a five-star safety rating from C-NCAP, three from EURO NCAP, and one from ANCAP, reflecting the company's commitment to product safety [6]. - The launch of the XPENG AI system, which includes innovations in AI-driven cars, robots, and flying vehicles, is advancing the future of mobility solutions [6]. - XPeng renewed its ISO 27001 and ISO 27701 certifications for information security and privacy management, with no reported cybersecurity incidents during the year [6]. - The company founded the XPENG Volunteer Service Task Force, engaging nearly 1,200 registered volunteers who contributed over 18,000 hours of community service [6].