Summary by Futu AI
XPeng Inc., a leading Chinese smart electric vehicle (Smart EV) company, has reported its vehicle delivery results for July 2024. The company delivered 11,145 Smart EVs, marking a 1% increase year-over-year and a 4% rise from the previous month. Notably, 1,459 of these were XPENG X9s, a model that has seen a cumulative total of 14,602 units since its launch in January 2024. XPENG's deliveries for the first seven months of 2024 reached 63,173 vehicles, a 20% increase from the same period last year. The company also reported an 84% monthly active user penetration rate for its XNGP in urban driving for July. XPENG has fully rolled out a strategic upgrade to its XNGP, offering a 'smooth experience anywhere' on all public roads with navigation maps. By Q4 2024, XPENG aims...Show More