XPENG's Stellar September 2024 Delivery Results: A New Flagship and AI Advancements

XPENG, a leading Chinese smart electric vehicle (EV) company, has announced its vehicle delivery results for September and the third quarter of 2024. The company's strong performance can be attributed to the successful launch of the MONA M03 model, the rollout of its over-the-air (OTA) AI Tianji XOS 5.2 upgrade, and its expansion plans, including entering the Qatar automotive market.

In September 2024, XPENG delivered 14,036 Smart EVs, representing increases of 3% year-over-year and 26% over the prior month. In the first eight months of 2024, XPENG delivered 77,209 Smart EVs, a 17% increase from the same period last year. The company's impressive delivery results can be largely attributed to the successful launch of the MONA M03 model.

The MONA M03, an intelligent all-electric hatchback coupe, was officially launched in August 2024. With its Max version featuring the XNGP ADAS, the MONA M03 is the world's first mass-produced vehicle to offer high-level ADAS functionality for under RMB200,000. The MONA M03's affordability and advanced features have contributed to its popularity among younger audiences, further boosting XPENG's market share.

XPENG's over-the-air (OTA) AI Tianji XOS 5.2 upgrade has also played a significant role in boosting customer satisfaction and sales. The upgrade brought a seamless OTA experience at an unprecedented speed to eligible overseas owners, with XNGP's monthly active user penetration rate in urban driving reaching 85% in August.

Additionally, XPENG's expansion plans, such as entering the Qatar automotive market, have further solidified the company's position in the global EV market. The company's new goal to become a global AI-defined automotive company has also contributed to its strong performance, as it continues to invest in cutting-edge technology and innovation.

In conclusion, XPENG's stellar September 2024 delivery results can be attributed to the successful launch of the MONA M03 model, the rollout of its OTA upgrade, and its expansion plans. As the company continues to focus on affordability, advanced features, and customer satisfaction, it is well-positioned to maintain its strong performance in the coming quarters.