XPeng
Guangzhou Xiaopeng Motors Technology Co., Ltd., doing business as XPeng Motors, commonly known as XPeng, is a Chinese electric vehicle manufacturer. The company is headquartered in Guangzhou, Guangdong, with offices in Mountain View, California, United States and Munich, Germany.
XPeng stock is publicly traded on the New York Stock Exchange and the Hong Kong Stock Exchange.
Some of the key events about XPeng
- 2014Founded as a technology company focused on developing smart electric vehicles
- 2018Launched its first production model, the G3 smart electric SUV
- 2019Introduced the P7 smart electric sedan, featuring advanced autonomous driving capabilities
- 2019Faced accusations of intellectual property theft from Tesla regarding Autopilot source code
- 2020Completed initial public offering on the New York Stock Exchange
- 2020Experienced a significant stock price drop following a short-seller report questioning the company's sales figures
- 2021Unveiled the P5 sedan, the world's first production car with built-in lidar sensors
- 2021Launched its first overseas sales in Norway
- 2021Recalled over 13,000 vehicles due to a potential safety hazard with the suspension system
- 2021Reported wider-than-expected quarterly losses, disappointing investors
- 2022Introduced the G9 flagship SUV with advanced fast-charging capabilities
- 2022Expanded European presence by entering markets in Sweden, Denmark, and the Netherlands
- 2022Announced layoffs of approximately 30% of its workforce amid slowing sales and economic challenges
- 2022Faced criticism for the high cost and limited availability of its battery swap stations
- 2022Experienced delays in the launch of its G9 SUV model due to technical issues
- 2023Unveiled the X9 large smart MPV, showcasing innovative design and technology
- 2023Announced plans to expand into international markets including Germany, France, and Italy
- 2023Reported a significant drop in vehicle deliveries, falling short of market expectations
- 2023Engaged in a price war with competitors, potentially impacting profit margins
- 2023Faced challenges in expanding international operations, particularly in European markets
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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