SUNNYVALE, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, today announced XPENG has selected RTI Connext Drive® to provide the core communication technology for its next generation E/E vehicle architecture. Starting with the 2026 production models, Connext Drive will manage the complex data distribution in XPENG vehicles, supporting the company's mission to create smarter, more efficient and future-ready vehicles equipped with the latest technologies. "XPENG required a communication framework that supports a unified architecture across all of our designs — one that could manage the intense data requiremen

XPENG and the Volkswagen Group China announce a Memorandum of Understanding (MOU) to jointly build one of the largest super-fast charging networks in China, granting mutual access to respective proprietary, industry-leading super-fast charging networks.Over 20,000 charging piles operated by both parties across 420 cities in China will be accessible to customers of both XPENG and Volkswagen Group China.Both parties will jointly explore the cooperation on co-branded super-fast charging stations, accelerating the expansion of charging networks and enhancing the charging experience for customers. GUANGZHOU, China, Jan. 06, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XP

36,695 units delivered in December 2024, an 82% increase year-over-yearMONA M03 surpassed 10,000 deliveries for fourth consecutive month91,507 units delivered in Q4 2024, a 52% increase year-over-year, exceeding upper end of quarterly guidance range for Q4190,068 units delivered for the full year 2024, a 34% increase year-over-year GUANGZHOU, China, Jan. 01, 2025 (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 2024. In December 2024, XPENG delivered 36,695 Smart EVs, representing an 82% increase year-over-year and a 19%

30,895 units delivered in November, up 54% year-over-yearMONA M03 surpassed 10,000 deliveries for third consecutive monthP7+ launch drives strong delivery momentum GUANGZHOU, China, Dec. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced record-breaking vehicle delivery results for November 2024. XPENG delivered 30,895 Smart EVs in November 2024, representing growth of 54% year-over-year and 29% over the prior month. Deliveries of XPENG MONA M03 exceeded 10,000 units for the third consecutive month since its launch. After 23 days of launch, deliveries of XPENG P7+ exceeded 7,000 uni

NEW YORK, Nov. 19, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ:SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce its inclusion in the NASDAQ Golden Dragon China Index, marking an important milestone in the Company's growth journey. The NASDAQ Golden Dragon China Index is a benchmark for tracking Chinese companies listed on U.S. exchanges, offering investors a window into the dynamic growth opportunities within China's economy, particularly in sectors like digital services, technology, new consumer markets, and clean energy. This prestigious index includes leading Chinese companies like Alibaba (NYSE:BABA), JD.com (

Quarterly total revenues were RMB10.10 billion, a 24.5% increase quarter-over-quarterQuarterly gross margin was 15.3%, reaching a historical high, an increase of 18.0 percentage points over the same period of 2023 GUANGZHOU, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended September 30, 2024. Operational and Financial Highlights for the Three Months Ended September 30, 2024  2024Q32024Q22024Q12023Q42023Q32023Q2       Total deliveries46,53330,20721,82160,15840,00823,205        Total deliv

XPENG debuts the Kunpeng Super Electric System for fast charging and extended range worldwide.XPENG launches the Turing AI Intelligent Driving System, paving the way for L4 autonomous driving.XPENG announces XPENG AIOS, transforming in-car AI interactions.XPENG AEROHT "Land Aircraft Carrier" global debut flight scheduled this month, presale to open in December this year.XPENG unveils its advanced humanoid AI Robot Iron, marking a new frontier in robotics applications. GUANGZHOU, China, Nov. 08, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese hi-tech car company, successfully hosted its XPENG AI Day event, live-streamed globally from South

XPENG outlines its vision for AI-defined mobility, highlighting the advanced design and features of the P7+.Equipped with advanced AI models, the P7+ delivers groundbreaking smart driving and cockpit capabilities.With industry-leading energy efficiency and safety, the P7+ is crafted for sustainable, high-performance journeys. GUANGZHOU, China, Nov. 08, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese hi-tech car company, has officially launched the P7+ in China, introducing the world's first AI-defined vehicle. The P7+ delivers premium quality with advanced AI-driven technology, elevating intelligent driving and smart cockpit experiences throu

23,917 vehicles delivered in October 2024, a new monthly record and a 20% increase year-over-yearDeliveries of XPENG MONA M03 exceeded 10,000 units for the second straight monthXPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs GUANGZHOU, China, Nov. 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 October 2024. XPENG delivered 23,917 Smart EVs in October 2024, setting a new record for its monthly deliveries and representing growth of 20% year-over-year and 12%

GUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. ((", XPENG", or the ", Company, ", NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, will officially launch the XPENG P7+, the highly anticipated AI-defined smart electric fastback sedan, on Thursday, November 7, 2024. Live Broadcast from China - English Replay Available The live broadcast of the XPENG P7+ Launch Event will begin on Thursday, November 7, with an English-language replay available on Thursday, November 14, via the following links: Chinese Live Broadcast 7:30 PM, Thursday, November 7, Beijing Time (GMT+8) or 6:30 AM US Eastern Standard Time XPENG OFFICIAL WEBSITE CHINESE

GUANGZHOU, China, Dec. 06, 2023 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced, further to the Company's news release dated July 26, 2023, in connection with the share purchase agreement for strategic minority investment by Volkswagen (China) Investment Co., Ltd. ("Volkswagen") and its affiliate, Volkswagen Finance Luxemburg S.A. ("Volkswagen Nominee"), the Company has issued an aggregate of 94,079,255 Class A ordinary shares (the "Subscription Shares"), representing approximately 4.99% of the total issued and outstanding share capital of the Company immediately following the issuance, to

XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that Ms. Fengying Wang ("Ms. Wang") has been appointed as the President of the Company with effect from January 30, 2023. Ms. Wang will be responsible for the Company's product planning, product portfolio management and sales operations, reporting to Mr. He Xiaopeng, Chairman and CEO of the Company. "Ms. Wang brings to us over 30 years of experience in the automotive industry, spanning roles in sales, strategy and senior management. Her leadership and expertise have been instrumental in driving the development of some of the most successful auto products, earnin

UBS downgraded XPeng from Neutral to Sell

China Renaissance upgraded XPeng from Hold to Buy and set a new price target of $16.70

Goldman downgraded XPeng from Buy to Neutral and set a new price target of $12.50

JP Morgan upgraded XPeng from Neutral to Overweight and set a new price target of $11.50 from $8.00 previously

Macquarie upgraded XPeng from Neutral to Outperform

Citigroup upgraded XPeng from Sell to Neutral and set a new price target of $8.30 from $7.70 previously

Daiwa Securities upgraded XPeng from Neutral to Buy and set a new price target of $11.00

Macquarie resumed coverage of XPeng with a rating of Neutral and set a new price target of $7.00

BofA Securities upgraded XPeng from Neutral to Buy and set a new price target of $22.00

CLSA upgraded XPeng from Outperform to Buy and set a new price target of $24.00

Quarterly total revenues were RMB10.10 billion, a 24.5% increase quarter-over-quarterQuarterly gross margin was 15.3%, reaching a historical high, an increase of 18.0 percentage points over the same period of 2023 GUANGZHOU, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended September 30, 2024. Operational and Financial Highlights for the Three Months Ended September 30, 2024  2024Q32024Q22024Q12023Q42023Q32023Q2       Total deliveries46,53330,20721,82160,15840,00823,205        Total deliv

GUANGZHOU, China, Oct. 29, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its third quarter 2024 unaudited financial results on Tuesday, November 19, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 19, 2024 (9:00 PM Beijing/Hong Kong Time on November 19, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration,

Adjusted EBITDA Increased to $6.4 Million for the First Half of 2024 Conference Call and Webcast on September 16th at 8 AM ET NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B software-focused auto services and auto e-insurance in China, today provided a business update and reported financial results for the first half of fiscal year 2024. First Half 2024 Financial Results Total revenue increased by 27% to $203.1 million for the six months ended June 30, 2024, from $159.4 million for the six months ended June 30, 2023.Auto Services ' revenue increased by 9% to $107.5 million for the six mo

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB37.33 billion (US$5.14 billion) as of June 30, 2024Quarterly total revenues were RMB8.11 billion, a 60.2% increase over the same period of 2023Quarterly gross margin was 14.0%, an increase of 17.9 percentage points over the same period of 2023 GUANGZHOU, China, Aug. 20, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended June 30, 2024. Operational and Financial Highlights for the Three Months Ended June 30, 2024  2024Q22024Q12023Q42023Q32

GUANGZHOU, China, Aug. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its second quarter 2024 unaudited financial results on Tuesday, August 20, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 20, 2024 (8:00 PM Beijing/Hong Kong Time on August 20, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration,

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB41.40 billion (US$5.73 billion) as of March 31, 2024Quarterly total revenues were RMB6.55 billion, a 49.8% decrease quarter-over-quarterQuarterly gross margin was 12.9%, an increase of 6.7 percentage points quarter-over-quarter GUANGZHOU, China, May 21, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended March 31, 2024. Operational and Financial Highlights for the Three Months Ended March 31, 2024  2024Q12023Q42023Q32023Q22023Q12022Q4Tota

- Earnings Call Scheduled for 8:00 a.m. ET on May 21, 2024 - GUANGZHOU, China, May 07, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its first quarter 2024 unaudited financial results on Tuesday, May 21, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 21, 2024 (8:00 PM Beijing/Hong Kong Time on May 21, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the schedul

Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.70 billion (US$6.44 billion) as of December 31, 2023Quarterly total revenues were RMB13.05 billion, a 53.0% increase quarter-over-quarterQuarterly gross margin was 6.2%, an increase of 8.9 percentage points quarter-over-quarterFull year vehicle deliveries reached 141,601, a 17.3% increase year-over-yearFull year revenues reached RMB30.68 billionFull year gross margin was 1.5%, a decrease of 10.0 percentage points year-over-year GUANGZHOU, China, March 19, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV"

GUANGZHOU, China, Feb. 26, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its fourth quarter and fiscal year 2023 unaudited financial results on Tuesday, March 19, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on March 19, 2024 (8:00 PM Beijing/Hong Kong Time on March 19, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration,

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