Bullish Trends: XPeng (XPEV) Is Demonstrating Robust Performance Today

XPeng Inc.’s (NYSE: XPEV) shares are currently exhibiting a bullish trajectory in the market, ascending by 7.26% to $10.09 as of the latest observation during the ongoing trading session. This surge in XPeng’s stock value coincides with a noteworthy achievement by one of its affiliated entities in the realm of aerial technology.

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An affiliate of Xpeng, namely XPENG AEROHT, reported on Friday the successful completion of a low-altitude flight by its flying drone car, the AeroHT Voyager X2, within the central business district of Guangzhou, a prominent city in southern China. Furthermore, in recent developments within the electric vehicle (EV) sector, XPeng has disclosed its vehicle delivery figures for February 2024.

During this period, XPENG dispatched 4,545 Smart EVs to customers. Notably, deliveries of the XPENG X9 model reached 1,448 units, with nearly 4,000 units of the X9 model delivered within the first two months since its launch. This achievement has cemented XPENG’s position as a frontrunner in both the electric multi-purpose vehicle (MPV) and three-row seater battery electric vehicle (BEV) segments.

Leveraging increased production capacity and streamlined supply chains post-Chinese New Year, XPeng is poised to expedite X9 deliveries throughout March. On February 29, 2024, XPENG unveiled the unlimited XNGP Advanced Driver Assistance System (ADAS) functionality for its seasoned ADAS users in China.

The availability of unlimited XNGP extends across various urban settings and routes, provided navigation maps are accessible. As a result of XNGP’s expansive coverage and advanced smart driving capabilities, the monthly active user penetration rate for urban smart driving soared to 83% in February.

This accomplishment underscores XPENG’s leadership in terms of active user base, user experience quality, and mileage penetration rate within the industry. The widespread rollout of XNGP ADAS for urban driving across China has led to a surge in smart driving mileage among XPENG vehicle owners during the Chinese New Year holiday period.

Between January 26 and February 26, XPENG owners collectively amassed a total smart driving mileage of 69,777,180 kilometers. Daily usage records of ADAS reached a peak of 4 million kilometers collectively, with individual users achieving a maximum daily driving mileage of 1,800 kilometers.

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