On June 23rd, according to sources familiar with the matter cited by Bloomberg, Xpeng Motors was approved for listing by the Hong Kong Stock Exchange. The Hong Kong Stock Exchange has released Xpeng Motors’ post-hearing data collection, which includes the following key information:
Product Timeline
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G3: Delivery began in December 2018, and as of March 31st, 2021, 30,102 G3s have been delivered to customers.
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P7: Delivery began in May 2020, and as of March 31st, 2021, 23,036 P7s have been delivered to customers.
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P7 Wing Limited Edition: Delivery began in March 2021.
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LFP Models: Xpeng launched new G3 and P7 models with lithium iron phosphate batteries in March 2021.
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P5: Xpeng launched the P5 in April 2021 and plans to start mass delivery in Q4 of 2021.
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G3 Facelift: Xpeng plans to begin delivering the G3 facelift, G3i, by the end of Q3 2021.
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New Model: Xpeng intends to launch its fourth smart electric car in 2022, an SUV with an ADAS and an enhanced core vehicle system.
The 4th ModelThe new car is built on the same platform as the P7, named Edward, meaning it will share a wheelbase size between 2,800 mm and 3,100 mm. Advanced driving assist systems and lidar are included, allowing for XPILOT 4.0 support.
Xpeng Motors assures us that the core vehicle system of this new model will boast enhanced capabilities for fast charging, a more comprehensive control unit, and stronger OTA capabilities. The car will also feature a smart chassis and air suspension system.
As displayed in the image, the new Xpeng SUV model is expected to be launched in 2022, with a price range between the P7 (RMB 229,900) and the P7 Wing Limited Edition (RMB 366,900).
Sales and ServiceAs of March 31, 2021, Xpeng Motors had a sales and service network of 178 stores and 61 service centers, which cover 70 cities in China. Among the 178 stores, there are 88 directly operated stores and 90 franchised stores, while among the 61 service centers, there are 4 directly operated service centers and 57 franchised service centers. Xpeng has stated that their service centers offer delivery and after-sales services, and customers can pick up cars and receive after-sales services at the centers.
Charging Solutions
- Household Charging: More than 50% of Xpeng Motors’ customers had installed the household charger as of March 31, 2021.
- Xpeng Supercharging Station: As of March 31, 2021, XPeng had operated 172 Xpeng Supercharging stations, covering 60 cities in China. Each station is equipped with an average of 6 to 7 chargers with a peak power output of 120 kilowatts.### R&D
As of March 31, 2021, Xpeng Motors had a total of 6,132 employees in China and the United States. By the same date, 39.8% of employees were dedicated to R&D, with 62.1%, 16.3%, and 21.5% of employees devoted to automotive design and engineering, autonomous driving, and intelligent operating systems, respectively. Besides the two already existing EV platforms, David and Edward, Xpeng Motors has initiated the development of a new platform.
🔗Source: HKEX
Third-party charging stations: As of March 31, 2021, Xpeng’s charging network has connected to over 200,000 third-party charging stations nationwide.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.