Summary by Futu AI
Xiaopeng Motor announced the delivery of smart electric vehicles in January 2024 of 8,250 vehicles, an increase of 58% over the same period last year. The newly launched Xiapeng X9 delivered 2,478 units in the first month, with X9 Max orders accounting for 70% of the total order volume. The company is increasing the production capacity of the Xiaopeng X9 to speed up delivery. Xiaopeng Automotive's Intelligent Assisted Driving System (ADAS) technology covers 243 cities across the country, with a monthly active user penetration rate of more than 85%, and is at the forefront of the industry. The company plans to expand the reach of XNGP in 2024 and launch global market research for XNGP in 2025. The Board of Directors reminds shareholders and potential investors to exercise caution when trading.