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Yahoo
09-07-2025
- Automotive
- Yahoo
Xpeng and its market entry strategy for the UK
Chinese EV manufacturer Xpeng offers a range of smart EVs that focus on performance, sustainability and safety while also offering advanced technology for drivers and passengers. At present the company sells vehicles in several European countries and the UK (at present only the G6 SUV is offered in the UK), with plans for further expansion. Xpeng has already launched in Norway, Denmark, Sweden, Finland, Iceland, the Netherlands, Belgium, Luxembourg, Germany, France, Spain, Portugal, Ireland, and now the UK. Xpeng's UK strategy involves aiming for a gradual presence in the premium EV segment. The OEM plans to achieve this by establishing a dealership network, while focusing on building trust and brand awareness for buyers - and focusing on its smart technology brand attributes. We spoke to William Brown, Xpeng's MD for UK and Ireland, to learn more about this strategy and Xpeng's vehicle offering. Just Auto (JA): When looking at Xpeng's UK strategy could you discuss product rollout, dealership experience and service infrastructure? William Brown (WB): The first product to be introduced to the UK market is the Xpeng G6. That's primarily because it's their first global product that they can sell into any market in the world. In the UK, the vehicles are right-hand drive as opposed to left-hand drive. Xpeng has been selling vehicles in Europe for about four years, but that was left-hand drive products. Product rollout With the global strategy, the basic aim is to start selling products into as many markets as possible across the globe. It's great to have the G6 because we think it's the perfect vehicle to get people to understand a bit about the Xpeng brand and product. It fits in the most accessible place for EVs, which is C/D segment, a family size vehicle at a reasonable price point. That's the first product that we're launching in the UK, and we're just rolling that out now. The next product that will be coming to us will be early next year, sometime in the first half - specific timeline still to be confirmed - will be the X9 which is exciting because it's Xpeng's flagship model. It's on sale in China and it's just been launched in Hong Kong. With the global strategy, the basic aim is to start selling products into as many markets as possible across the globe. The X9 will be the halo model for the brand, and that will further explain to customers about Xpeng as a tech brand. The next one after that is another model that's already on sale in European markets, the G9. The current model on sale in Europe is due to be replaced with a new version. I understand it's a new model of the G9, not a facelift or update. The G9 sells very well in Europe, particularly in northern Europe, and that is a D-segment premium SUV. The closest competitor would be something like the Kia EV9. We've got other models coming and I can't go into the specifics of those models at the moment, but there's potentially another model that will be launched in 2026. Dealership experience We're taking a slightly slower approach than other Chinese entrants. We've aimed for about twenty retailers this year, and we're taking our time to pick partners that are really enthusiastic about EVs and our technology. Some brands are appointing as many dealers as possible to get great coverage in the UK. Obviously, that's convenient for customers, but we haven't taken that approach. We get to meet the people in the business that are going to be selling the products, and we get to take the vehicle down to them, show them the vehicle; we can see how engaged they are, how they interact with technology, ensure that they share the vision for where the Xpeng brand is going to be. It's early days. It's not going to be a mass-market brand. Rather, it's a brand that has aspirations at some point in the future to be a premium brand, but it's really all about the technology story. We're very keen to try, as best we can, to explain the difference between a car company, a tech company, and a tech company that builds cars - that's what Xpeng is. It's quite a difficult one to explain to big audiences, but we'll certainly have a go. It's also about specific dealers that are more excited about the long-term, where this can go with things like autonomous driving and how that could work in the future. There are dealers that just want to sell a piece of metal, turn it over quickly and get good volume - that's not really the type of dealer we're looking for. Service infrastructure Having twenty sales outlets for this year (we're looking to increase that for next year), does leave a number of service coverage gaps across the UK territory. As part of the international motors' portfolio, we have got other brands and we're going to use - where it's right for those locations and partners - some of our assets around the country in terms of dealers and partners that can help with aftersales, warranty; so they become [Xpeng] service points. We've already got a number of dedicated Xpeng service points that aren't selling the vehicles, but they're there for consumers who have got queries, any issues that they may have, and we intend to roll that out further so we can try and take some of that nervousness away, too. When looking at the bigger picture what are the short-term and longer-term goals for Xpeng? The new Chinese entrants are moving at a speed that's unprecedented in terms of when the Koreans or the Japanese brought products to market decades ago. It is much quicker than anybody had anticipated. The short-term goal for Xpeng, between one and five years, is that, assuming we have various Chinese brands selling products in the UK, the expectation is that Xpeng gets recognised as the number one Chinese premium brand. In five years' time, if we've got ten or twelve Chinese brands in the UK selling various products, the aim is that Xpeng is recognised to be the premium, tech-focused brand. Then longer term, looking towards ten years, if we've established ourselves as a kind of leader in tech and premium among Chinese brands, then the next aim is to start to rival the established legacy premium brands – Audi, BMW etc. That's a very difficult area of the market to penetrate, but the exciting thing about EVs is we believe customers are not as fixed or as loyal to existing brands, because it's a different proposition from an ICE vehicle. An EV vehicle is much more about how technology integrates with day-to-day life, and so we're quite excited and we think EV is an opportunity to, potentially, take some of those customers that are maybe used to those established premium brands and get them to look at Chinese brands. With the technology that we've got on the car and in the pipeline, Xpeng will be a clear technology leader in automotive At the moment it'd be probably difficult to get Xpeng on the consideration list of somebody that has had BMWs, Audis and Mercedes, but I think in the future we should be able to get there. With the technology that we've got on the car and in the pipeline, Xpeng will be a clear technology leader in automotive. I can't see any of the legacy brands being able to keep up with the pace that Xpeng will be traveling at. Do you think EV adoption will carry on growing in the UK? The UK is probably a leader, with the exception of Norway. It's a leader because of the government trajectory in terms of targets for 2030. I think that for manufacturers working in the UK, it focuses your business plan around keeping in line with that and where the government wants to position automotive in the UK. At this moment in time, you can only see EV sales rising and the acceptance from consumers growing year on year. Obviously now there's more [charging] infrastructure around that being supported. I dare say there are going to be other incentives over the next few years to help consumers get on that journey. We're really excited that to have a brand like Xpeng which is a new energy vehicle brand that is pretty much dedicated EV. It feels like a really good space to be in. There are some aspects of the market that are challenging, of course, but I think that's short-term. When we get through the 2025-2026 period, the market in 2027 is going to be completely different to how it is today and that's what we're focused on. "Xpeng and its market entry strategy for the UK" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
02-07-2025
- Automotive
- Yahoo
XPENG Announces Vehicle Delivery Results for June and First Half 2025
34,611 vehicles delivered in June, up 224% YoY Achieved a new record quarterly deliveries of 103,181 units in Q2 2025 First-half 2025 deliveries hit 197,189 units, surpassing total deliveries in 2024 30,000+ monthly deliveries sustained for eight consecutive months GUANGZHOU, China, July 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 June and the first half of 2025. In June 2025, XPENG delivered 34,611 Smart EVs, representing a year-over-year increase of 224% and marking the eighth consecutive month that deliveries exceeded 30,000 units. In the second quarter of 2025, XPENG delivered 103,181 Smart EVs, setting a new quarterly record. This brings XPENG's total deliveries for the first half of 2025 to 197,189 Smart EVs, surpassing its full-year 2024 total deliveries. XNGP achieved a monthly active user penetration rate of 85% in urban driving in June 2025. Most recently, XPENG was invited to present its advancements in foundational models for autonomous driving at the 2025 Conference on Computer Vision and Pattern Recognition (CVPR), the sole Chinese automotive company to receive this industry distinction. On June 19, 2025, XPENG launched its flagship model, XPENG X9, in Indonesia. The Company also announced that the right-hand drive X9 model for the Indonesian market will be manufactured locally in July, marking a crucial milestone in its global expansion roadmap. As of June 2025, XPENG has entered more than 40 countries and regions worldwide. 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 Inc.
Yahoo
01-07-2025
- Automotive
- Yahoo
XPENG Announces Vehicle Delivery Results for June and First Half 2025
34,611 vehicles delivered in June, up 224% YoY Achieved a new record quarterly deliveries of 103,181 units in Q2 2025 First-half 2025 deliveries hit 197,189 units, surpassing total deliveries in 2024 30,000+ monthly deliveries sustained for eight consecutive months GUANGZHOU, China, July 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 June and the first half of 2025. In June 2025, XPENG delivered 34,611 Smart EVs, representing a year-over-year increase of 224% and marking the eighth consecutive month that deliveries exceeded 30,000 units. In the second quarter of 2025, XPENG delivered 103,181 Smart EVs, setting a new quarterly record. This brings XPENG's total deliveries for the first half of 2025 to 197,189 Smart EVs, surpassing its full-year 2024 total deliveries. XNGP achieved a monthly active user penetration rate of 85% in urban driving in June 2025. Most recently, XPENG was invited to present its advancements in foundational models for autonomous driving at the 2025 Conference on Computer Vision and Pattern Recognition (CVPR), the sole Chinese automotive company to receive this industry distinction. On June 19, 2025, XPENG launched its flagship model, XPENG X9, in Indonesia. The Company also announced that the right-hand drive X9 model for the Indonesian market will be manufactured locally in July, marking a crucial milestone in its global expansion roadmap. As of June 2025, XPENG has entered more than 40 countries and regions worldwide. 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
New Straits Times
13-06-2025
- Automotive
- New Straits Times
BAuto earnings miss prompts analysts to cut forecasts
KUALA LUMPUR: Analysts have revised down their net profit and earnings projections for Bermaz Auto Bhd (BAuto) following a weaker-than-expected financial performance. According to CIMB Securities, BAuto's results for the fourth quarter of financial year 2025 (4QFY25) fell short, achieving just 95 per cent of its own forecast and 94 per cent of consensus estimates. The miss was largely attributed to a softer contribution from associates than initially anticipated. As a result, CIMB Securities has revised its net profit projections for financial years 2026 and 2027 (FY26/FY27) downward by 21 to 29 per cent, citing lower associate earnings and tighter margins stemming from a projected decline in sales volume. The firm now anticipates Mazda sales volume to grow by a modest 5 per cent year-on-year (YoY) to 12,000 units in FY26, supported by the planned launch of the CX-60 and CX-80 models in the second half of calendar year 2025 (2HCY25). "However, the rebound could come at the expense of margins owing to increasing competition for its flagship CX-5 and CX-30 models in the RM100,000–200,000 segment," it said in a note. CIMB Securities noted that Bermaz Auto delivered 824 units of the XPeng G6 and X9 electric vehicle models in the first eight months of the financial year ending in April 2025. The firm expects a stronger contribution from XPeng in the financial year ending in April 2026, supported by a full-year sales impact and the potential introduction of new models. "We estimate XPeng could contribute between RM15 million and RM20 million to the group's pre-tax profit in FY26. "Beyond XPeng, BAuto is also looking to launch three new EV models under Deepal marques in 2HCY25: the Deepal S07, S05, and E07," it said. Meanwhile, Hong Leong Investment Bank (HLIB) said it has downgraded its earnings projections for FY26 and financial year 2027 (FY27) by 31.4 per cent, citing a deteriorating automotive outlook with lower anticipated sales and profit margins. HLIB noted that the launch of the XPeng G6 and X9 contributed to supporting the group's margins for the quarter, partly mitigating the softer performance from the Mazda and Kia brands. "However, competition in Malaysia is expected to intensify with the influx of Chinese original equipment manufacturers (OEMs) offering feature-rich models at competitive prices. "Similarly, operations in the Philippines continued to face mounting pressure from Chinese entrants," it added. HLIB has lowered its recommendation on BAuto to 'Sell' from 'Hold', cutting its target price to 78 sen from RM1.05. Despite the downgrade, the firm noted that BAuto continues to have a solid balance sheet, with a net cash position of RM207.2 million (equivalent to 17.8 sen per share) as of the end of FY25, which supports ongoing dividend distributions.
CNBC
22-05-2025
- Automotive
- CNBC
Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue
Chinese electric-vehicle maker Xpeng saw its shares in Hong Kong surge over 10% Thursday following upbeat earnings and stronger-than-expected revenue forecast for the second quarter. Its shares soared as much as 10.2% to 85.5 Hong Kong dollars ($10.86), and were last trading 7% higher, taking year-to-date gains to 78%. The Guangzhou-based carmaker's first-quarter revenue more than doubled from a year earlier, driven by robust sales. Xpeng said it delivered 94,008 vehicles in the first three months this year, more than four times the sales volume a year earlier. That improved top line helped narrow its net loss for the first quarter to 664 million yuan, compared to 1.37 billion yuan a year ago, and lifted its gross margin to 15.6% for the quarter from 12.9% a year earlier. The company is a key player in China's hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand. Analysts widely expect Xpeng will likely turn profitable in the fourth quarter this year, thanks to its strong sales momentum and pipeline of new models. The company has launched several new products, including the mass-market brand MONA last August and a renewed flagship model X9, featuring advanced autonomous driving system. The automaker said it aims to begin mass production of vehicles equipped with Level 3 autonomous driving features in China by year-end, a significant upgrade from the currently more common Level 2 systems. For the second quarter, Xpeng said it anticipates a revenue of 17.5 billion yuan to 18.7 billion yuan, compared with consensus forecast of 17.2 billion yuan, according to data compiled by LSEG. It expects to deliver 102,000 and 108,000 of electric cars in the second quarter — a jump of around 237.7% to 257.5% from a year earlier. That optimistic earning forecast lifted investor sentiment, sending Xpeng's U.S.-listed shares 13% higher to close at $22.25, powering a year-to-date rally of over 88%. Still, it is well off its record of more than $72 apiece hit in November 2020, according to LSEG data. Rival BYD has seen shares in Hong Kong surge over 74% so far this year, Li Auto has risen more than 22%, while NIO has lost over 11%.
