XPeng delivered 6,225 vehicles in February 2022, announces production ramp

Written by Cláudio Afonso | info@claudio-afonso.com

XPeng announced today that delivered 6,225 Smart EVs in February 2022, representing a 180% increase year-over-year. According to the company, the February deliveries consisted of 3,537 P7 smart sports sedans, representing a 151% year-over-year increase. 2,059 P5 smart family sedans were delivered in February, bringing cumulative deliveries of the P5 to 13,953 since its launch in September 2021. Also 629 G3 & G3i smart compact SUVs were delivered in February.

The technology upgrade at the Zhaoqing plant during the Chinese New Year holiday from late January to early February has been completed. Production at the Zhaoqing plant resumed in mid-February as planned. The upgrade enables the Company to accelerate delivery of its significant order backlog in hand.

In February 2022, the Company achieved several milestones:

  • XPeng (HKEX: 9868) was added to the Shenzhen-Hong Kong and Shanghai-Hong Kong Stock Connect programs, which allows qualified Chinese Mainland investors to trade eligible Hong Kong shares of XPeng.
  • It was announced that XPeng (HKEX: 9868) will be included in the Hang Seng TECH Index as a constituent stock, effective March 7, 2022, a strong endorsement of the Company’s underlying strength as a technology leader in the smart mobility industry.
  • The Company announced its strategic partnerships with two renowned European automobile players for agency retail collaborations in the Netherlands and Sweden. At the same time, XPeng’s first branded overseas retail experience store opened in Stockholm, Sweden.

As of February 20th, Xpeng had 528 institutional owners and shareholders holding a total of 263,242,366 shares. Among the largest shareholders include Fmr Llc, BlackRock Inc., Vanguard Group Inc, Capital World Investors, Primavera Capital Management Ltd, Aspex Management (HK) Ltd, AGTHX – GROWTH FUND OF AMERICA Class A, State Street Corp, Primecap Management Co/ca/, and Alibaba Group Holding Ltd.

Source: Fintel

The California State Teachers’ Retirement System Fund (Calstrs), the second-largest U.S. pension, has filed a 13F-HR form disclosing ownership of 123,957 shares of XPeng Inc. American depositary shares, each representing two Class A ordinary shares with total holdings valued at $6,239,000 USD as of 2021-12-31. On the previous 13F-HR form (November 15th, 2021) the fund disclosed 33,946 shares of XPeng Inc. American depositary shares, each representing two Class A ordinary shares at a value of $1.206M. This represents an increase in shares of 265.16% and a 417.33% increase during the last quarter of 2021.

XPeng delivered 12,922 Smart EVs in January 2022, representing a 115% increase year-over-year, exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month.

Written by Cláudio Afonso | info@claudio-afonso.com