XPeng Inc. designs, develops, manufactures, and markets Smart EVs that primarily appeal to the large and growing base of middle-class consumers in China. The company intends to empower consumers with its differentiated Smart EVs that can offer disruptive mobility experiences.
The company develops full stack advanced driver assistance systems, or ADAS, software in house and have deployed such software on mass-produced vehicles. The company started to roll out its XNGP in March 2023 and has made...
XPeng Inc. designs, develops, manufactures, and markets Smart EVs that primarily appeal to the large and growing base of middle-class consumers in China. The company intends to empower consumers with its differentiated Smart EVs that can offer disruptive mobility experiences.
The company develops full stack advanced driver assistance systems, or ADAS, software in house and have deployed such software on mass-produced vehicles. The company started to roll out its XNGP in March 2023 and has made XNGP available in cities without HD map coverage since November 2023. As a result, its geographical coverage has expanded swiftly in China.
The company's Smart EVs appeal to the large growing base of middle-class consumers in China. The company primarily targets the mid- to high-end segment in China's passenger vehicle market, with prices ranging from RMB120,000 to RMB420,000. Consumers choose the company's products primarily because of attractive design, industry-leading electrification and smart technologies, interactive smart mobility experience and long driving range.
The company is building a rapidly expanding, diversified portfolio of attractive Smart EV models to capture the growing demand for Smart EVs and appeal to the differentiated needs of a broad customer base.
In December 2018, the company started delivery of the G3, which is its first Smart EV and a compact SUV.
In May 2020, the company started delivery of the P7, which is its second Smart EV and a sports sedan.
In March 2021, the company started delivery of the P7 Wing, which is a limited edition designed to accentuate the sporty and dynamic styling of the sports sedan with scissor-style front doors that are traditionally only available in luxury sports vehicles.
In March 2021, the company introduced newer versions of the G3 and the P7 that are equipped with lithium iron phosphate battery to provide its customers with a wider variety of options.
In April 2021, the company unveiled the P5, which is its third Smart EV and a family sedan, and started delivery in September 2021.
In July 2021, the company introduced the G3i, which is the mid-cycle facelift version of the G3, and started delivery in August 2021.
In September 2022, the company launched the G9, which is its fourth Smart EV and a mid- to large-sized SUV, and started mass delivery in October 2022.
In March 2023, the company upgraded the P7 to P7i, and started delivery during the same month.
In June 2023, the company launched the G6, which is its fifth Smart EV, and started delivery to customers in July 2023.
In January 2024, the company launched the X9, which is its sixth Smart EV, and started delivery during the same month.
In March 2024, the company introduced a new version of P7i, being the first time it brought scissor-style front doors to two-wheel drive models, and started delivery during the same month.
In August 2024, the company launched the MONA M03, which is the first Smart EV of the MONA series and its seventh Smart EV, and started delivery of MONA M03 during the same month.
In September 2024, the company introduced a new version of the X9.
In November 2024, the company launched the P7+, which is its seventh Smart EV of XPENG series and its eighth Smart EV, and started delivery during the same month.
In March 2025, the company upgraded the G6 and the G9 to their respective 2025 Edition and started delivery during the same month.
In April 2025, the company upgraded the X9 to its latest 2025 Edition.
The company offers the following models:
G9 (mid- to large-sized SUV), with a wheelbase of 2,998 mm and CLTC range between 625 km and 725 km.
P7i (sports sedan), with a wheelbase of 2,998 mm and CLTC range of 702 km.
G6 (coupe SUV), with a wheelbase of 2,890 mm and CLTC range between 625 km and 725 km.
X9 (seven-seater MPV), with a wheelbase of 3,160 mm and CLTC range between 650 km and 740 km.
MONA M03 (sedan), with a wheelbase of 2,815 mm and CLTC range between 515 km and 620 km.
P7+ (family sedan), with a wheelbase of 3,000 mm and an upgraded CLTC range between 615 km to 725 km enabled through OTA firmware updates.
The company's ADAS and in-car intelligent operating system enable customers to enjoy a differentiated smart mobility experience, and its Smart EVs can be upgraded through OTA firmware updates to introduce enhancements and new functionalities. Continuous innovation in software is one of the key factors that differentiate the company's Smart EVs and has become a critical value proposition appealing to customers.
The company seeks to expand its customer reach by extending its online and physical sales and service network. The company had a total of various stores, covering 226 cities in China as of December 31, 2024. These stores in its sales network include both stores directly operated by the company and franchised stores. In addition, the company also has entered 30 overseas markets, establishing 150 stores in overseas countries or regions, owned by importers, dealer groups, or XPENG. In addition, the company actively engages in online marketing through various channels to further enhance its brand recognition and customer acquisition.
The company’s customers can choose to charge their Smart EVs using home chargers, at XPENG self-operated charging station network or at third-party charging stations. In addition, the company started to launch the 480kW S4 supercharging stations in China in 2022. As of December 31, 2024, XPENG self-operated charging station network further expanded to 1,920 stations, including 1,506 XPENG self-operated supercharging stations and 414 destination charging stations. The company’s S4 and S5 supercharging stations have covered 165 cities in China, including all of the tier-1 and the new tier-1 cities.
The company manufacturing philosophy centers on quality, continuous improvement, flexibility and high operating efficiency. The company manufactures its vehicles at its own Zhaoqing and Guangzhou plants. In addition, the construction of its new manufacturing base in Wuhan has been completed, which is currently awaiting the inspection and acceptance procedures conducted by relevant government authorities.
Products
The company's products include Smart EVs and advanced ADAS software system. The company designs, develops, manufactures and markets Smart EVs, and it develops full-stack ADAS software system in-house. The company designs its Smart EVs to satisfy the needs and preferences of middle-class consumers in China. Primarily priced in the mid- to high-end segment, the company's Smart EVs offer customers a great-to-drive and great-to-be-driven experience, as well as compelling value proposition.
P7 and P7i
The company's second mass-produced Smart EV, the P7, is a four-door sports sedan. The company started the production of the P7 and began delivery in May 2020. In November 2020, the company unveiled the P7 Wing, a limited edition designed to maximize the sporty and dynamic style of the sports sedan with a pair of specifically designed scissor-style front doors, which are traditionally only available in luxury sports vehicles. The company started the delivery of the P7 Wing in March 2021. In March 2023, the company upgraded the P7 to P7i, and started the delivery during the same month. In March 2024, the company introduced a new version of P7i, being the first time it brought scissor-style front doors to two-wheel drive models, and started delivery during the same month.
G9
In September 2022, the company launched the G9, which is its fourth Smart EV and a mid- to large-sized SUV, and started mass delivery in October 2022.
Featuring the company’s powertrain system using 800V high-voltage Silicon Carbide (SiC) platform, the G9 demonstrates greater energy consumption efficiency and charging efficiency compared to other EVs built on a 400V platform.
In September 2023 and March 2025, the company upgraded the G9 to its 2024 Edition and 2025 Edition, respectively.
G6
In June 2023, the company launched the G6, which is its fifth Smart EV and a coupe SUV, and started delivery to customers in July 2023.
Based on the company’s next-generation technology architecture, SEPA 2.0, the G6 is equipped with its powertrain system using 800V high-voltage SiC platform and features cutting-edge front and rear integrated aluminum body die-casting technology and Cell Integrated Body (CIB) battery-body integration technology.
In March 2025, the company upgraded the G6 to 2025 Edition.
X9
In January 2024, the company launched the X9, which is its sixth Smart EV and a large seven-seater MPV, and started delivery during the same month.
Based on its next-generation technology architecture, SEPA 2.0, the X9 is equipped with the company’s powertrain system using 800V high-voltage SiC platform and features cutting-edge front and rear integrated aluminum body die-casting technology and CIB battery-body integration technology. The X9 is equipped with an active rear-wheel steering system and intelligent dual-chamber air suspension, providing customers with an enhanced driving experience. Also, the X9 features the company’s smart in-car operating system, XOS Tianji.
In September 2024, the company introduced a new version of the X9. In April 2025, it upgraded the X9 to the 2025 Edition.
MONA M03
In August 2024, the company launched the first model of the MONA series, MONA M03. Deliveries of MONA M03 started in August 2024. MONA M03, an all-electric hatchback coupe, has a wheelbase of 2,815mm and CLTC range between 515 km to 620 km. MONA M03 demonstrated leading wind resistance among mass-produced pure electric hatchbacks.
P7+
In November 2024, the company launched the P7+, which is the seventh Smart EV of its XPeng series, and started delivery during the same month. With a 5,056 mm body length and a 3,000 mm wheelbase, the P7+ allows rear passengers ample headroom and enough room for both rows to stretch out. Equipped with its in-house the Hawkeye Visual Solution, P7+ features built-in advanced ADAS across the entire lineup.
Plans to Launch New Models
The company plans to continuously introduce new models and facelifts to expand its product portfolio and customer base. The company has invested in multiple powerful EV vehicle platforms over the past few years. The company’s future models will be based on these platforms and its latest technology architecture adaptable and flexible with multiple vehicle platforms.
Technologies
The company develops most of its key technologies in-house to achieve a rapid pace of innovation and tailor its product offerings for consumers. By developing the company’s proprietary software and hardware technologies, the company is able to retain better control over the performance and experience of its Smart EVs and have the flexibility to continuously upgrade them.
ADAS
The company’s research and development capabilities enable the company to continuously improve its ADAS and achieve fast system iterations.
In 2021, the company rolled out NGP for highway driving and advanced automated parking, or the Valet Parking Assist, as part of its proprietary XPILOT 3.0, through OTA firmware updates. In 2022, it revealed XNGP, which was intended to enable driver assistance in the full spectrum of driving scenarios. When XNGP is activated with a set destination, the vehicle itself can perform a wide range of driving tasks such as cruising, changing lanes, getting around stationary vehicles or obstacles, and navigate through intersections. The company started to rollout its XNGP in March 2023, and have made XNGP available in cities without HD map coverage since November 2023. As a result, its geographic coverage has expanded swiftly in China.
In May 2024, the company introduced end-to-end model to smart driving, and in July, the company upgraded its ADAS to achieve nationwide full-scale availability with no restrictions on cities, routes, or road conditions. In August 2024, the company revealed its Hawkeye Visual Solution and made the P7+ launched in November 2024 the company’s first vehicle model equipped with Hawkeye Visual Solution, while its OTA updates in January 2025 empowered other eligible models with the updated ADAS.
XOS Tianji
XOS Tianji is its next-generation smart in-car operating system, which offers a comprehensive suite of smart in-car functionality that aims to integrate the company’s smart driving capabilities with next-generation smart cabin scenarios and advance the human-machine co-driving experience. It features multi-tasking on a single screen, a customizable XDock, real-time Surrounding Reality (SR) display, all-round safety warnings, and smart voice assistant. The company expect XOS Tianji to serve as a sophisticated in-car companion and automotive expert for its consumers’ daily use. In January 2024, the company launched the X9, its first model equipped with XOS Tianji.
On May 20, 2024, the company introduced an all-domain large language model for smart cockpits. In July 2024, the company announced a full scale rollout of the updated in-car OS, to all eligible models globally which adds features such as remote voice control, gesture control, and versatile NFC touch control. In January 2025, the company introduced several new features including a personalized operating system that supports multi-language voice controls such as English, French, and Thai.
Powertrain
Powertrain plays a critical role in the company’s ability to deliver safe and high-performance EVs at competitive prices. The company’s Smart EV’s powertrain consists of the battery system, electric drive system, high voltage system and vehicle control unit, or VCU. Leveraging its superior in-house research and development capabilities, the company is able to differentiate its Smart EVs in key powertrain features, such as charging efficiency, battery safety, range, noise, drivability and digitization. The powertrain’s ECUs are amenable to OTA firmware updates, which enable the company to improve the powertrain’s functions and customer experience after delivery.
The company’s Smart EVs’ battery system utilizes high-energy density battery cells. The company utilizes lithium nickel manganese cobalt oxide, or NCM, cells and LFP cells for its batteries. Through its research and development efforts, the company seeks to enhance the energy density of the battery pack and reduce its cost, while also maintaining its safety, reliability and longevity.
The company rolled out its powertrain system using an 800V high-voltage SiC platform with the debut of the G9 in September 2022. As a result, the G9 demonstrated greater energy consumption efficiency and charging efficiency compared to other EVs built on a 400V platform.
SEPA 2.0
In April 2023, the company unveiled its next-generation technology architecture, SEPA 2.0 (Smart Electric Platform Architecture). SEPA 2.0 introduced a series of more advanced architectural solutions, ranging from in-house developed autonomous driving software to vehicle engineering. SEPA 2.0 is expected to accelerate the company's R&D cycle, optimize R&D efficiency, and enable it to meet diverse customer needs at optimized costs.
SEPA 2.0 is adaptable and flexible with multiple vehicle platforms for wheelbases between 1,800 mm and 3,200 mm and scalable to support a variety of vehicle types. SEPA 2.0 integrates various features, including smart technology, powertrain, and advanced manufacturing (front and rear integrated aluminum body die-casting technology, Cell Integrated Body (CIB) technology).
The company started delivery of the G6, its first new production model built on SEPA 2.0 in July 2023.
Sales and Marketing
The company seeks to cost-efficiently expand its customer reach and grow sales. It had a total of various stores, covering 226 cities in China as of December 31, 2024. These stores in the company's sales network include both stores directly operated by the company and franchised stores. In addition, it has entered 30 overseas markets, establishing 150 stores in overseas countries or regions, owned by importers, dealer groups, or XPENG.
While the company primarily sells products and services in China’s market, it has also made positive progress in overseas markets. In December 2020, the first batch of the European version of the G3 was delivered to customers in Norway. In August 2021, the company started deliveries of the P7 to the European market. In 2022, it opened stores in the Netherlands, Sweden, Denmark, and Norway. In February 2023, the company launched the G9 mid- to large-sized SUV and the new P7 sports sedan for Europe, and opened a Delivery and Service Center in Norway. In the second quarter of 2023, it opened Delivery and Service Centers consecutively in the Netherlands, Sweden, and Denmark.
In 2024, the company made significant progress in terms of its overseas expansion. The company’s footprint currently extended across multiple continents, including multiple countries or regions in Europe, Asia and other continents.
Comprehensive Services
The company offers its customers a comprehensive suite of charging solutions and after-sales services, as well as various value-added services. These services offer the company's customers a convenient experience and enable full lifecycle engagement with its customers, which in turn improves their loyalty.
Charging Solutions
Customers can choose to charge their EVs using home chargers, the XPENG self-operated charging station network, or third-party charging stations. The company will continues to expand the coverage of the XPENG self-operated charging station network to provide greater accessibility and enhance the charging experience for its customers.
In September 2022, the company launched seven 480kW S4 supercharging stations in five cities in China. Its S4 and S5 supercharging stations significantly shortened the charging time for customers with the G9, G6, X9, and P7+, which are equipped with an 800V high-voltage platform. Moreover, the 2025 Editions of the G6 and G9, both launched in March 2025, have been equipped with the 5C ultra-charging intelligent battery, which further reduces charging time and enhances overall safety performance. As of December 31, 2024, the XPENG self-operated charging station network expanded to 1,920 stations, including 1,506 XPENG self-operated supercharging stations and 414 destination charging stations. The company’s S4 and S5 supercharging stations have covered 165 cities in China, including all tier-1 and new tier-1 cities.
On January 5, 2025, the company and the Volkswagen Group China announced a Memorandum of Understanding (MOU) to jointly build charging networks in China. Over 20,000 charging piles operated by both parties across 420 cities in China will be accessible to customers of both the company and Volkswagen Group China. Both parties will also jointly explore cooperation on co-branded super-fast charging stations, accelerating the expansion of charging networks and enhancing the charging experience for customers. Furthermore, on January 14, 2025, the company and BP Pulse announced the signing of a Memorandum of Understanding (MOU) to establish a strategic partnership. This collaboration enables reciprocal access to their respective charging networks and aims to offer customers access to over 30,000 charging piles across 420 cities in China. The company is one of the EV companies that have established self-operated charging networks in China, and it will continue to expand its network of charging stations through XPENG self-operated charging stations and strategic partnerships to better serve its customers.
After-Sales Services and Warranty
The company provides efficient after-sales services both offline and online. Offline services are available at its service centers and cover repairs and maintenance for its Smart EVs. It also offers online after-sales services, which are enabled by its cloud capabilities and the high-speed connectivity of its Smart EVs. The company’s system is able to monitor vehicle performance status in real time, remotely diagnose certain vehicle malfunctions and potential issues, and recommend solutions to prevent problems. Certain software-related issues can be resolved remotely through OTA updates. In addition, the company has developed an intelligent remote diagnosis system, which detects potential system errors before they occur to ensure vehicle safety. The company also offers competitive warranty terms for its Smart EVs.
Other Services
The company also offers the following services.
Insurance Technology Support: The company provides technology support to customers who have purchased its Smart EVs, enabling them to readily obtain automotive insurance from insurance companies. To offer a convenient experience, it leverages intelligent functions with patented technology to help customers quickly make insurance claims. In April 2023, GIIA, a Group VIE serving as an insurance intermediary with qualifications for nationwide sale of insurance products, collection of insurance premiums, and investigation and settlement of losses on an agency basis, started operating and entered into cooperation agreements with certain mainstream insurance companies. The company also announced strategic cooperation relationships with leading insurance companies to explore insurance products and services related to ADAS.
Automotive Loan Referral and Auto Financing: The company cooperates with financial institutions to connect them with customers seeking automotive financing solutions. To complement the services of these financial institutions, it also offers auto financing to its customers through a wholly-owned subsidiary. This auto financing program is treated as an installment payment program for accounting purposes, and the group records the relevant installment payment receivables on its balance sheets.
Regulation
The company has obtained all requisite permissions and approvals that are material to the company's operations in China as of the date hereof, including Zhaoqing Xiaopeng New Energy Investment Co., Ltd., or Zhaoqing Xiaopeng New Energy, and its Smart EVs (the P7i, G9, G6, X9, MONA M03, and P7+) being listed in the Announcement of the Vehicle Manufacturers and Products issued by the Ministry of Industry and Information Technology of PRC, or the MIIT. This listing serves as the entry approval for Zhaoqing Xiaopeng New Energy to become a qualified manufacturer for the manufacturing and sales of its Smart EVs.
Research and Development
The company's research and development expenses were RMB6,456.7 million in 2024.
History
XPeng Inc. was founded in 2015. The company was incorporated in 2018.
