Summary by Futu AI
Xiaopeng Motor delivered 9,393 smart electric vehicles in April 2024, up 33% year-on-year and 4% year-on-year. Of these, the Xiaopeng X9 delivered 1,959 vehicles in April, totaling nearly 10,000, maintaining its status as the best-selling all-electric MPV in China. Cumulative deliveries reached 31,214 vehicles in the four months prior to 2024, an increase of 23% year-on-year. XNGP urban smart driving user penetration rate reaches 82%. The company completed high-speed NGP road tests in Germany and advanced the introduction of highway NGP functionality for overseas markets. The latest AI innovations were showcased at the Beijing Auto Show, including the XOS 5.1.0 AI **** system, which will be released on May 20. Xiaopeng introduced the neural network-based xPlanner, enhancing the humanistic capabilities of the XNGP system and pre-empting AI valet parking capabilities, which can memorize up to 10 routes per 100 km. The company announced the launch of its new brand MONA in June. Chairman Ho Xiaopeng issued this announcement on 2 May 2024 reminding shareholders and potential investors to exercise caution.