XPeng Motors' Management Changes and Business Updates

TapTechNews May 24th news, according to Interface News, multiple independent sources said that Gu Yuanqin, the vice president of financial platform operation and management of XPeng Motors, replaced Wang Tong and also served as the sales head of XPeng Motors.

Gu Yuanqin, who is 63 years old now, served as a director of Guangzhou Haige Communications Co., Ltd. before joining XPeng Motors. This is a company that produces communication and navigation equipment and has helped XPeng Motors develop the Beidou high-precision lane-level navigation and positioning system.

According to people familiar with the matter, Wang Tong has now been transferred to the business of the management president's office, and he has only served in the post of sales head for one year.

The report also said that in April, XPeng Motors required dealers to purchase half of the target sales volume every month to achieve faster delivery and improve efficiency, but under internal concerns and dealer resistance, the wholesale model has only been carried out in a small range for gray-scale testing so far and is difficult to promote nationwide.

TapTechNews inquiry and summary learned that XPeng Motors delivered 9,393 vehicles in April, an increase of 33% year-on-year. From January to April this year, XPeng Motors cumulatively delivered a total of 31,214 new cars, an increase of 23% year-on-year.

XPeng Motors officially expects the delivery volume in the second quarter to be 29,000 to 32,000 vehicles, and the market expects 38,147 vehicles. XPeng Motors expects revenue in the second quarter to be 7.5 billion to 8.3 billion yuan.

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