XPeng, Inc. ADR ( (XPEV) ) has issued an update.
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XPENG Inc. reported a significant increase in vehicle deliveries for December and the fourth quarter of 2024, reaching 36,695 units in December, marking an 82% year-over-year increase. The company delivered 91,507 units in Q4, a 52% increase year-over-year, and 190,068 units for the entire year, up 34% from the previous year. The MONA M03 model exceeded 10,000 deliveries for the fourth consecutive month, highlighting XPENG’s rapid production and delivery capabilities. The introduction of the second OTA upgrade for XPENG P7+ and the launch of XOS 5.5.0 showcases XPENG’s advancement in smart driving technology, positioning the company as a leader in the emerging electric vehicle market in China with innovative features like the ‘door-to-door’ ADAS.
More about XPeng, Inc. ADR
XPENG Inc. is a prominent Chinese smart electric vehicle (EV) company that designs, develops, manufactures, and markets Smart EVs. The company targets technology-savvy middle-class consumers and focuses on advancing EV technology to transform the future mobility experience. XPENG develops in-house advanced driver-assistance systems and intelligent operating systems, with its main manufacturing plants located in Zhaoqing and Guangzhou, Guangdong province. The company is headquartered in Guangzhou, China, with additional offices in Beijing, Shanghai, Silicon Valley, San Diego, and Amsterdam.
Average Trading Volume: 13,240,187
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $11.35B
For detailed information about XPEV stock, go to TipRanks’ Stock Analysis page.
