Xiaopeng Motors' Future Plans and Product Launches

TapTechNews May 21st news, Xiaopeng Motors CEO He Xiaopeng stated at the first quarter earnings call that MONA's first product is a compact pure electric sedan, which will be unveiled in June and officially go on the market and be delivered in the third quarter of this year.

He Xiaopeng said that this car is a product with extremely high appearance value, the highest intelligence, and competitive cost. I believe it will become a star product that impacts the A-class pure electric market. In addition, Xiaopeng XNGP will also reach this price range.

He Xiaopeng also stated that in the fourth quarter of this year, Xiaopeng Motors will also deliver a B-class pure electric sedan model of the Xiaopeng brand as the first model to achieve the 25% technical cost reduction target. It is a model based on the latest technological scale cost reduction of Xiaopeng Motors, and it is expected to become a hit in the B-class pure electric market in the second half of the year. He Xiaopeng expects that the contribution of the increment from this B-class new car and the MONA model will enable Xiaopeng Motors to achieve a significant year-on-year increase in monthly delivery volume in the fourth quarter of this year.

In addition, starting from the third quarter of this year, Xiaopeng Motors will start a strong product cycle of introducing multiple new designs within three years, which will cover the main market segments in the price range of $100,000 to $400,000.

TapTechNews previously reported that Xiaopeng Motors today released its 2024 first quarter financial report: revenue of $6.55 billion, a year-on-year increase of 62.3%; a total of 21,821 cars delivered, a year-on-year increase of 19.7%; a net loss of $1.37 billion, compared to a net loss of $2.34 billion in the same period last year, and a net loss of $1.35 billion in the previous quarter; gross margin of 12.9%.