Summary by Futu AI
Xiaopeng Motor announced significant growth in smart electric vehicle delivery data for March 2024 and Q1. In March 2024, the company delivered 9,026 vehicles, an increase of 99% year-on-year and an increase of 29% year-on-year. Among them, Xiapeng X9 delivered 3,946 vehicles, totaling nearly 8,000 units, keeping China's pure electric MPV sales leader. Total deliveries in the first quarter were 21,821 vehicles, an increase of 20% year-on-year. The company's XNGP urban smart car user penetration rate is 82%, and XNGP's unlimited open scale is expanding in China. Xiaopeng also announced a strategic partnership with dealers in Thailand, Singapore and Malaysia, and entered the German market with the introduction of the G6 and the Siopeng G9 and P7 models. In addition, the company will present a new brand at the Beijing International Auto Show, showcasing its innovations in the field of artificial intelligence. The Board of Directors reminds shareholders and potential investors to exercise caution when trading.