Latest news with #SmartEV
Associated Press
3 days ago
- Automotive
- Associated Press
XPENG Announces Vehicle Delivery Results for May 2025
GUANGZHOU, China, June 01, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. ('XPENG' or the 'Company,' NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ('Smart EV') company, today announced its vehicle delivery results for May 2025. In May 2025, XPENG delivered 33,525 Smart EVs, representing growth of 230% year-over-year, surpassing 30,000 units for the seventh consecutive month. For the first five months of 2025, XPENG delivered 162,578 Smart EVs, marking a 293% increase compared to the same period last year. On May 28th, the Company launched the MONA M03 Max. MONA M03 Max lowers the entry barrier for urban AI smart driving to the 150,000 RMB range for the first time, making advanced vehicle technology more accessible to younger users. The MONA M03 Max is also the first XPENG model equipped with the AI Tianji XOS 5.7.0, offering over 300 new features. XNGP achieved a monthly active user penetration rate of 85% in urban driving in May 2025. Notably, the XPENG MONA M03 Max debuted the application of human-machine co-driving, enabling both ADAS and drivers to share control, providing a seamless collaboration between manual driving and smart driving. About XPENG XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates' and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contacts: For Investor Enquiries: IR Department XPeng Inc. Email: [email protected] Jenny Cai Piacente Financial Communications Tel: +1 212 481 2050 / +86 10 6508 0677 Email: [email protected] For Media Enquiries: PR Department XPeng Inc. Email: [email protected] Source: XPeng Inc.
Yahoo
3 days ago
- Automotive
- Yahoo
XPENG Announces Vehicle Delivery Results for May 2025
Delivers 33,525 units in May, up 230% YoY 30,000+ vehicles delivered monthly for seventh consecutive month GUANGZHOU, China, June 01, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. ('XPENG' or the 'Company,' NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ('Smart EV') company, today announced its vehicle delivery results for May 2025. In May 2025, XPENG delivered 33,525 Smart EVs, representing growth of 230% year-over-year, surpassing 30,000 units for the seventh consecutive month. For the first five months of 2025, XPENG delivered 162,578 Smart EVs, marking a 293% increase compared to the same period last year. On May 28th, the Company launched the MONA M03 Max. MONA M03 Max lowers the entry barrier for urban AI smart driving to the 150,000 RMB range for the first time, making advanced vehicle technology more accessible to younger users. The MONA M03 Max is also the first XPENG model equipped with the AI Tianji XOS 5.7.0, offering over 300 new features. XNGP achieved a monthly active user penetration rate of 85% in urban driving in May 2025. Notably, the XPENG MONA M03 Max debuted the application of human-machine co-driving, enabling both ADAS and drivers to share control, providing a seamless collaboration between manual driving and smart driving. About XPENG XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates' and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contacts: For Investor Enquiries: IR Department XPeng Inc. Email: ir@ Jenny Cai Piacente Financial Communications Tel: +1 212 481 2050 / +86 10 6508 0677 Email: xpeng@ For Media Enquiries: PR Department XPeng Inc. Email: pr@ Source: XPeng in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Automotive
- Yahoo
XPENG Announces Vehicle Delivery Results for May 2025
Delivers 33,525 units in May, up 230% YoY 30,000+ vehicles delivered monthly for seventh consecutive month GUANGZHOU, China, June 01, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. ('XPENG' or the 'Company,' NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ('Smart EV') company, today announced its vehicle delivery results for May 2025. In May 2025, XPENG delivered 33,525 Smart EVs, representing growth of 230% year-over-year, surpassing 30,000 units for the seventh consecutive month. For the first five months of 2025, XPENG delivered 162,578 Smart EVs, marking a 293% increase compared to the same period last year. On May 28th, the Company launched the MONA M03 Max. MONA M03 Max lowers the entry barrier for urban AI smart driving to the 150,000 RMB range for the first time, making advanced vehicle technology more accessible to younger users. The MONA M03 Max is also the first XPENG model equipped with the AI Tianji XOS 5.7.0, offering over 300 new features. XNGP achieved a monthly active user penetration rate of 85% in urban driving in May 2025. Notably, the XPENG MONA M03 Max debuted the application of human-machine co-driving, enabling both ADAS and drivers to share control, providing a seamless collaboration between manual driving and smart driving. About XPENG XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates' and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contacts: For Investor Enquiries: IR Department XPeng Inc. Email: ir@ Jenny Cai Piacente Financial Communications Tel: +1 212 481 2050 / +86 10 6508 0677 Email: xpeng@ For Media Enquiries: PR Department XPeng Inc. Email: pr@ Source: XPeng in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Xiaomi Corp (XIACF) Q1 2025 Earnings Call Highlights: Record Revenue and Strategic Growth ...
Total Revenue: RMB111.3 billion, up 47% year-on-year. Adjusted Net Profit: RMB10.7 billion, up 64% year-on-year. Gross Margin: 22.8%, up 0.5 percentage points year-on-year. Smartphone Revenue: RMB50.6 billion, with global shipments of 41.8 million units. Smartphone ASP: RMB1,211, up 5.8% year-on-year. AIoT Revenue: RMB32.3 billion, up 59% year-on-year. Internet Service Revenue: RMB9.1 billion, up 12.8% year-on-year. Smart EV and AI Innovative Business Revenue: RMB18.6 billion. R&D Expenses: RMB6.7 billion, up 30% year-on-year. Operating Expenses: RMB15.4 billion, with core business operating expenses at RMB10.6 billion. Smartphone Market Share in Mainland China: 18.8%, with a 40% year-on-year growth in shipments. Global MAU: 719 million, up 9.2% year-on-year. Smart EV Deliveries: 76,000 units in Q1. Warning! GuruFocus has detected 6 Warning Signs with XIACF. Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Xiaomi Corp (XIACF) achieved record high total revenue of RMB111.3 billion in Q1 2025, marking a 47% year-on-year increase. The company returned to the number one position in smartphone shipments in Mainland China, with a market share increase to 18.8%. Xiaomi's AIoT revenue reached RMB32.3 billion, with a strong year-on-year growth of 59%, driven by advancements in technology and favorable national policies. The company's R&D investment is set to reach RMB30 billion in 2025, with a focus on core technologies like AI and chips. Xiaomi's gross margin reached a historical high of 22.8%, with a significant improvement in AIoT business gross margin to 25.2%. Despite strong performance, Xiaomi faces intense competition in the AIoT sector, with peers formulating strategies to target the company. Concerns were raised about potential price reductions in the EV segment to maintain sales momentum, which could impact profitability. The smartphone market in some regions, such as India, experienced a decline, affecting Xiaomi's market share. The company faces challenges in scaling its large home appliance business, with ongoing discussions about building new factories. Xiaomi's new business segment, including Smart EV and AI, reported an operating loss of RMB500 million, indicating ongoing financial challenges. Q: What strategies will Xiaomi implement to address the competitive landscape in the AIoT sector, and how will these differ between China and overseas markets? A: Lu Weibing, Partner and President, stated that Xiaomi is in a high growth stage with many products out of stock, indicating minimal impact from competitors. The company aims to be a value creator and promoter of industry improvement. For overseas markets, strategies will not differ significantly from those in China, although the competitive landscape may vary. Q: How will Xiaomi's smart factories and AIoT plans enhance efficiency and profitability, and what impact will standard configurations like LiDAR have on pricing and profitability? A: Lu Weibing explained that Xiaomi's smart manufacturing platform supports various factories, enhancing supply chain efficiency. The company focuses on strong product capabilities, which should ensure profitability despite standard configurations. Profit is seen as a result of strong products rather than a direct target. Q: What is Xiaomi's outlook for smartphone shipments and pricing in 2025, and how will the EV and AI new business segments impact gross margins and losses? A: Lu Weibing noted that while global smartphone growth may be slower than expected, Xiaomi will focus on improving product structure rather than volume. The EV segment's gross margin has steadily improved, driven by strong product capabilities and efficient management. The new business segment's operating loss is narrowing, with a current loss of around RMB500 million. Q: What are Xiaomi's plans for smartphone premiumization and AI integration, and how will these strategies evolve over the next five years? A: Lu Weibing highlighted Xiaomi's commitment to premiumization, focusing on high-end products and expanding from China to overseas markets. The company plans to integrate AI deeply into its products, leveraging its large user base and data to enhance user experience. Q: How will Xiaomi's self-developed XRING chips impact its smartphone business and overall gross margins, and what is the competitive landscape in overseas markets like India and Africa? A: Lu Weibing stated that the XRING chips are part of a long-term strategy for high-end growth, with initial focus on flagship products. In overseas markets, Xiaomi is adjusting strategies based on local conditions, with a focus on improving product structure in India and expanding market share in Africa. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
