Summary by Futu AI
XPeng Inc., a leading Chinese smart electric vehicle company, has reported a record-breaking number of vehicle deliveries for December 2023, with 20,115 Smart EVs delivered, marking a 78% increase from the previous year. The fourth quarter of 2023 also saw a significant rise in deliveries, totaling 60,158 units, a 171% year-over-year increase and the first time quarterly deliveries surpassed 60,000 units. The full year of 2023 concluded with XPeng delivering 141,601 units, up 17% from the prior year, bringing the company's total cumulative deliveries to 400,311 units as of December 31, 2023. Additionally, XPeng expanded its XNGP Advanced Driver Assistance System to 27 more cities, reaching a total of 52 cities in China, with plans to cover 200 cities by early 2024. The company also commenced test drives of its flagship model, the X9, built under SEPA2.0, which combines the advantages of MPVs and SUVs. The X9's official launch event is scheduled for January 1, 2024, with customer deliveries to follow immediately after.