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Chinese EV maker Xpeng predicts a surge in Q4 deliveries

Joane — Thu, 16 Nov 2023 12:38:13 +0000

Xpeng is gearing up for a robust fourth quarter with a projected surge in deliveries. Anticipating between 59,500 and 63,500 vehicle deliveries from October to December, the company expects a substantial 59% increase from the third quarter. This optimistic outlook is attributed to the popularity of Xpeng’s new models, strategically offered at discounted prices to attract mainland Chinese drivers.

Despite reporting a net loss of US$537 million in the quarter ended September 30, Xpeng remains confident in the positive results of transformative adjustments made earlier in the year. The company’s CEO, He Xiaopeng, is optimistic about accelerated growth in the fourth quarter of 2024.

Xpeng’s third-quarter revenue saw a notable 68.5% quarterly increase to 8.53 billion yuan, aligning with analysts’ estimates. The vehicle margin, indicating the difference between the selling price and tangible costs, showed improvement, standing at minus 6.1%, up from the minus 8.6% in the April to June period. However, Xpeng attributed the negative vehicle margin to aggressive sales promotions and the cancellation of EV purchase cash subsidies by Beijing.

The company did not specify when promotional activities would end, leaving room for further speculation about the impact on future financial performance. Xpeng’s new model, the G6 SUV, played a pivotal role in the company’s success, particularly during discount periods, with its perceived quality and performance resonating well with consumers.

Xpeng, often considered a key player in the Chinese EV market alongside Li Auto and Nio, is positioning itself as China’s response to Tesla. The G6 SUV, highlighted as a competitor to Tesla’s Model Y, boasts semi-autonomous driving capabilities powered by X NGP (Navigation Guided Pilot) software.

In October, Xpeng achieved a milestone with a record 20,002 deliveries, marking a 31% increase from the previous month and surpassing its previous record set in December 2021. Competitor Li Auto also broke its delivery record in October, handing over 40,422 vehicles to mainland Chinese customers, marking a seventh consecutive monthly increase.

As Xpeng continues to navigate the competitive landscape of the Chinese EV market, the company’s leadership remains optimistic about future prospects. With an eye on enhanced free cash flow in the current quarter, Xpeng aims to set the stage for long-term scalable profitability, reinforcing its commitment to sustained success in the evolving electric vehicle industry.

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Xpeng Vice President Claims Superiority Over Tesla in China: “They will Always be Surpassed by Xpeng”

Oğuz Çakır — Mon, 31 Jul 2023 22:07:00 +0000

The competition in the electric vehicle market continues at full speed. Manufacturers like BYD, Tesla, and Xpeng are fiercely racing against each other to get ahead and grab a larger market share. However, it’s not enough just to manufacture a good car to stand out in this race. They need to support it with modern technologies and attract interest.

For example, BYD is working on a model that can go on water. One of these additional factors is autonomous driving technology. Most of us think of Tesla models when this technology comes up. However, the head of autonomous-driving tech at Xpeng has claimed that their self-driving technology will always be better than Tesla’s. Here are the details…

Xpeng Confident in Autonomous Driving Dominance Over Tesla in China

The presence of Chinese manufacturers in the automobile industry is becoming stronger day by day. For instance, BYD has been holding the title of the world’s top-selling electric vehicle manufacturer for a while now, a title that once belonged to Tesla. Now, Elon Musk’s company is facing another tuff competition from Xpeng.

In 2022 the company introduced a autonomous-driving system, called XNGP, and it has been implemented in models such as the Xpeng P5 and Xpeng G9. This technology is already being allowed to use in some big cities like Guangzhou, Shanghai, Shenzhen, and Beijing, and it’s receiving a lot of praise. It’s nearly as good as a human driver, about 90% as good, to be precise.

Moreover, Xpeng’s founder, He Xiaopeng, has made a big promise: Xpeng will be the first to launch fully autonomous-driving vehicles in China in 2023. They plan to have their cars driving on their own in more than 50 cities across the country. Recently, Xpeng’s Vice President of Autonomous-Driving Cars, Wu Xinzhou, talked about their technology.

Wu said that making a vehicle that can drive itself is not a marketing trick. It’s a serious project that needs a lot of hard work. You can’t do it quickly, and it takes a strong team and lots of testing. When asked about Tesla’s FSD coming to China and competing with Chinese vehicle manufacturers, Wu was confident. He said, “Even if Tesla comes now, we’ll be better. Our autonomous-driving cars work better in China than theirs would.”

“We’re not worried about Tesla. I don’t think they’ll be ready soon. I guess they need at least a year. And even when they’re ready, that’s fine, we’re ready to compete. We’ve always wanted to compete fairly with Tesla.” Wu went on to say, “I believe Tesla will never be better than Xpeng, because our work is more efficient and our engineers work harder.” Xpeng’s city NGP is already used in many cities, and people love it. It works well in difficult situations like heavy traffic, changing lanes on busy roads, and passing other cars.

Right now, Tesla’s FSD hasn’t come to China, and it hasn’t started big tests in local conditions. But when it does, it’ll be interesting to see who wins: Xpeng’s NGP, Huawei’s ADS, or Tesla’s FSD.

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Xpeng Delivers Over 300,000 Smart EVs, Cementing its Position in the EV Market

Oğuz Çakır — Mon, 03 Jul 2023 03:39:10 +0000

The electric vehicle market is a competitive one, with Tesla and BYD leading the way. Other manufacturers are working hard to catch up, including the Chinese Xpeng. The company has been offering different models to appeal to luxury consumers and free 4G service for home charging stations. But has all of this been enough to boost sales? Most recently, Xpeng announced their vehicle delivery results for June and the second quarter of 2023. Here are the details…

Xpeng Announces Vehicle Delivery Results for June and Second Quarter 2023

Xpeng today announced its vehicle delivery results for June and the second quarter of 2023. According to the report, the company’s delivered 8,620 Smart EVs in June, representing a 15% increase over the prior month. Total Smart EV deliveries for the second quarter were 23,205 units, representing a quarter-over-quarter increase of 27%.

Xpeng has now delivered over 300,000 Smart EVs since the start of production. The company’s flagship P7 sedan remains its best-selling model, with deliveries of 5,592 units in June. The new G6 SUV also had a strong start, with deliveries of 2,748 units in its first month on the market.

In addition to its strong delivery numbers, Xpeng also announced a number of new initiatives. The company’s “AI Valet Driver” mode will be rolled out to all XNGP-equipped vehicles starting in the fourth quarter of 2023. This mode allows users to customize smart driving routes based on their preferences, making driving safer and more efficient.

Xpeng is persistently broadening its worldwide presence. The company recently inaugurated a new R&D center in Germany, and it plans to initiate the deliveries of its Smart EVs in Norway later this year. It is anticipated that this move will significantly increase the company’s sales momentum.

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China’s Xpeng gets approval for rolling out Driver-Assist Technology in Beijing

Joane — Thu, 15 Jun 2023 18:02:17 +0000

XPeng, the famous Chinese electric vehicle manufacturer, announced the successful launch of its assisted-driving technology in Beijing. As a competitor to Tesla, XPeng’s stock demonstrated a rise in premarket trading, reflecting positive market sentiment surrounding the company’s latest development.

In a remarkable achievement, XPeng has become the pioneer in introducing an advanced driver-assistance system (ADAS) in Beijing. Following the approval for usage on major ring roads and expressways within the capital city, XPeng takes the lead in implementing this cutting-edge technology. This milestone positions XPeng at the forefront of automotive innovation and reinforces its commitment to revolutionizing the driving experience.

According to CNBC, XPeng’s advanced driver-assistance system (ADAS) has initially been deployed on the “ring-road” highways encircling Beijing’s city center and the “main high-speed roads.” However, it remains uncertain when the driver-assist technology will be available for use on all streets within the city. The limited coverage marks a significant step forward for XPeng in bringing ADAS capabilities to Beijing, while the expansion to broader street networks awaits further clarification.

XPeng has announced the availability of its City NGP (Navigation Guided Pilot) system, a technology comparable to Tesla’s Full Self-Driving (FSD) feature, in Shanghai, Shenzhen, and Guangzhou. The company has further revealed its intention to expand the feature to “dozens of cities” later this year. With this development, XPeng solidifies its position as a key player in the autonomous driving sector, aiming to bring advanced driver assistance capabilities to a wider range of urban environments across China.

Xiaopeng He, the founder, and CEO of the company, highlighted the importance of driver attentiveness despite the advanced capabilities of XPeng’s City NGP system. While the system showcases capabilities that closely resemble those of human drivers, He emphasized the need for drivers to stay focused on the road at all times.

He further mentioned that the current driving abilities of the system are similar to that of a novice driver. However, leveraging extensive urban driving data and strong closed-loop data training systems, XPeng intends to roll out over-the-air software updates for XNGP on a quarterly basis. These updates will facilitate continuous enhancements and improvements to the performance of the system.

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XPeng Aims to Deliver 200,000 Units in 2023 with New Electric Vehicles

Oğuz Çakır — Mon, 30 Jan 2023 13:56:44 +0000

Electric vehicles are becoming increasingly popular, leading to the emergence of new brands alongside established carmakers. XPeng, one of these brands, has been producing next-gen vehicles since 2014 and is particularly popular in China. However, 2022 was a challenging year for the company, and it didn’t meet its desired success. But this is expected to change with a statement from CEO He Xiaopeng. Here are the details..

XPeng Plans to Release Two New EVs and Deliver 200K Units in 2023

XPeng‘s Chairman and CEO, He Xiaopeng, sent an internal letter to the company’s employees acknowledging that 2022 was a challenging year with various difficulties. The company’s sales failed to meet expectations and its share price plummeted by 81.34%. This was particularly devastating for XPeng, especially in its main target market, China, where it only sold 120,800 vehicles compared to its smaller competitors’ higher sales numbers.

man and CEO, He Xiaopeng

In the letter, He Xiaopeng wrote, “The vast majority of current automakers will be eliminated in this knockout. XPeng has no retreat, so we must go forward bravely.” The navigation guided pilot (NGP) of XPeng will be delivered in the third quarter of this year. He Xiaopeng said that autonomous driving should be regarded as the core of XPeng. Moreover, this is not the only goal of the company.

XPeng will unveil five new models in 2023, including two brand-new vehicles and three updated versions of previous models. Both of the new cars are built on an 800V high-voltage platform. The first new model is the XPeng G7, a five-seat SUV that will make its debut at the Shanghai Auto Show this year. The other new car is an MPV with the internal code H93, set to begin mass production in September 2023.

According to the letter, XPeng has sold a total of 258,710 vehicles by the end of 2022. The 2023 targets are much bigger. CEO Xiaopeng wants to sell 200,000 vehicles this year. But time will tell whether this will be true or not.

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XPENG G9 Electric SUV Test Drive

Paco Zheng — Tue, 11 Oct 2022 08:11:53 +0000

XPENG G9

Several days ago, the EV brand XPeng eventually launched its latest SUV model, the Xpeng G9, which is also the brand’s first fourth production model. The new model is positioned at the top of the line-up with the world’s fastest-charging technology. And right now we just arrived at one of the XPeng Motors showrooms in Guangzhou and also got permission to test drive the G9.

[embedyt] https://www.youtube.com/watch?v=L4nQE-n0w7Y[/embedyt]

The reason why we are so excited about the G9 is that It’s not a China-only model but going to reach Europe and North America in 2023. We’re keen to get an early taste of what the latest electric car can actually do before it hits the world, how it differs from traditional cars or even other EVs, and just think a bit about the final question, whether it will replicate the successful comeback of the Chinese smartphone industry.

G9’s profile & design

The G9 is positioned in the medium- to the large-sized smart electric SUV market. It measures 4.89m in length, 1.94m in width, and 1.67m in height.

The car is underpinned by Xpeng’s ‘Edward’ platform with a long wheelbase of about 3m, which actually is pretty close to a large-size SUV. The long wheelbase gives the occupants more space and will significantly increase the leg space for better comfort.

The G9 offers 660 liters of cargo space, expandable to 1576 liters by folding down the rear seat. And it also has a frunk, which adds 71 liters to the storage.

If you’ve watched our test drive video of the Xpeng P7, you may also notice that it really is like an SUV version of the P7 sedan. They both have a full-length glass roof, frameless windows, retracting door handles, and the signature full-width, slim DRL strip at the front. The biggest difference is the separate headlights below the strip, which creatively integrate two LiDAR sensors.

Apart from the 2 LiDARs, the G9 features 29 more sensors including 12 cameras, 5 millimeter-wave radars, and 12 ultrasonic radars. The powerful sensing capabilities provide all-around hardware support for the G9’s advanced driver assistance system.

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And unlike the P7 model, you can see more hard-edged body lines on the side of the G9, but it’s still relatively smooth if compared with other traditional SUVs. The back also got slightly changed with a wider light bar. Two separate rear lights are hidden as two slim bars under the trunk door. The body lines of the rear are much more rigid than the P7.

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Interior

Compared with the P7, the interior of the G9 is significantly improved with a more premium look and more digital setups. We agreed that the P7’s interior is clean and modern but not as elegant as the G9’s. The G9 is a five-seat SUV with three free-standing displays on the dashboard. In front of the driver, the digital instrument cluster is tucked in to reduce sun glare, and increase the sense of spaciousness. The other two displays clubbed together are much larger, and just look like a single 14.96-inch display.

And we are happy to see the display panel extend to the passenger side. While the informative display on the left working for the driver, the other one can separately provide more entertainment options for passengers, which is also a trending feature in new luxury models, having more digital sense with more touchable displays.

In the connection between the dashboard and the curved center console, you can see a strip of ambient lights across the right side, which is also integrated with a slim AC vent like what we’ve seen in the P7. On the center console, there’s a wireless charger for smartphones and two cup holders. Well, they are quite small twos. The 60W USB-C charging port, another USB port, and the cigarette lighter are all located in the hollowed-out position of the center console.

Most areas that we can touch are made of pretty high-quality materials. Especially the seats made of Nappa leather with a perforated design are more comfortable and premium than the P7’s. All the seats support heating and massage features. The front seats additionally support ventilation and the passenger side at the front even features an electric leg rest.

The seats feel spacious for leg and head, and the floor in the back is flat. So no matter whether sitting in the front or back, the large cabin gives deep support for the legs.

Variants & Performance

The G9 is offered with two different motor configurations, the RWD standard Range models featuring a rear-mounted motor, and the 4WD Performance models featuring a dual-motor all-wheel drive powertrain. The standard range model’s rear motor offers 308bhp and 430Nm of torque for a 0-100km/h of 6.4 seconds, while the performance model’s dual motors offer 543bhp and 717Nm of torque, accelerating from 0 to 100km/h in 3.9 seconds.

Test Drive

And the G9 has seven driving modes, including a boost mode that helps the SUV reach its maximum torque in just 0.15 seconds. But for most EV drivers, I think the usable range is still the primary factor to consider in most scenarios. So personally, I still prefer to drive it under ECO mode just like what I did with the Xpeng P7.

Driving in the different modes did cause changes to the way I drove, mainly the acceleration and the strength of regenerative braking. Of course, the Eco mode offers softer braking and it’s not outstanding over sportiness.

But I’m quite happy with the tracking offered by the steering system in the ECO mode, which is sensitive and precise. And the steering is well-damped but not too heavy here.

On the other hand, the Performance-related modes are sporty and you can straightly feel the more sensitive power, more effective control, and tauter suspension as well.

The G9 adopts a new multi-link suspension system. The dual-chamber air suspension controls double wishbones at the front and a five-link set-up at the rear. In different modes, it feels a bit different when driving over bumps and potholes. But in the standard mode, the shock absorption is already soft enough to ensure comfort for passengers.

And it supports 10cm of lift space, which allows the car to maintain good stability even in tough road conditions. But better not to overestimate its off-road performance and think of challenging its limits. The G9’s control is still closer to the performance of a standard urban SUV.

Or you can also manually adjust the chassis’ height with the suspension for easier loading and unloading. Just like the P7, almost all the car features are available through the touchable display and voice commands. Thanks to the upgraded chipset inside, the display feels smoother and more responsive with touching and sliding.

In-car software & entertainment

The most surprising software feature of the G9 is still its voice assistant. Now it can even recognize your commands about most car features without specific name-calling to wake it up. Throughout the test drive, there are almost no cases of misrecognition or incorrectly triggering any functions. But right now, it’s only available in China, so we can only do most of the interactions with the SUV in Chinese. But don’t worry. There will be more language options for international variants.

Another surprise of the G9 is the in-car entertaining system, which is called Xopera system. Dolby Atmos comes standard on the G9 with the 7.1.4 immersive sound system, including music streaming and video streaming services.

The sound system is powered by a Dynaudio Confidence Audio system containing 28 audio units with a total output of 2250W. This also includes 2 exterior speakers that can provide simulated fuel-car engine sound to get the attention of others for safe, or can be your mobile speakers for outdoor parties.

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Such a generous configuration is not common in models at this price point, and it’s clear that Chinese car manufacturers are likely to lead a new trend in in-car entertainment.

NVH

The G9 has pretty decent NVH control. The Michelin Pilot Sport EV tires with acoustic foam are very quiet during a normal run. The mechanical noise is almost not perceivable but we can still feel the slight shock when driving over small bumps and potholes. Due to the slightly weaker acoustic performance of frameless windows, wind noise is much more noticeable when the speed exceeds 100km/h, but still far from disturbing.

Range & World’s Fastest Charging Tech

The G9 RWD standard models use a 78.2 kWh battery pack delivering a CLTC range of 570 km, while the performance and long-range variants equipped with a 98kWh battery pack can offer ranges of 702 km and 650 km respectively. But the CLTC figures generally are not so realistic. There

If you want a more reliable reference on the dashboard when driving, I would recommend switching to the WLTP range on the G9, which is much closer to the actual running.

XPeng claims that the G9 comes with the world’s best charging technology. The new XPower 3 powertrain system on the G9 uses China’s first 800-Volt high-speed charging. On specifying the charging station, charging from 10 to 80% only take 15 mins and just five minutes of charging can be enough to have a CLTC range of 200km.

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But as a consumer, I’m more interested in if Xpeng will widely place these special charging stations in other countries. If the answer is yes, undoubtedly this refueling-like charging efficiency will be very attractive.

Due to time constraints, we were not able to test its assisted parking and assisted driving systems. But we believe that with better hardware support, it will perform better than the P7. Its parking video assistance is still very useful, except that its suggested rear contouring line is not very accurate at the moment. We can only hope that this will be improved in the later OTA updates.

Conclusion

After the test drive, I am very much looking forward to the performance of the highly promising G9 in other markets around the world. It could still be a great luxury SUV with great value for money when it’s launched in 2023.

As a highly intelligent new EV, it has the world’s best charging technology, smarter software experience, and excellent experience of semi-autonomous driving. It also didn’t disappoint us in details that traditional cars care about, such as reliable high performance and excellent comfort, which makes us not miss the fuel car so much during the test drive.

What’s more interesting is that with the support of OTA updates, new EVs like the G9 still have a lot of potential to be explored in the future.

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