On the morning of the 26th, Xiaopeng Motors announced on the Hong Kong Stock Exchange that its chairman and controlling shareholder, He Xiaopeng, had purchased a total of 1000000 Class A ordinary shares of the company on the public market from August 21, 2024 to August 23, 2024, at an average price of HKD 27.13 per Class A ordinary share, and purchased a total of 1419922 American depositary shares of the company through Galaxy Dynasty Limited, which is wholly owned by him, at an average price of USD 7.02 per American depositary share.
According to the announcement, He Xiaopeng stated that he plans to further increase his shareholding in the company while complying with applicable laws and regulatory requirements.
According to the second quarter financial report released by Xiaopeng Motors on August 20th, a total of 30207 intelligent electric vehicles were delivered in the second quarter; Revenue reached 8.11 billion yuan, a year-on-year increase of 60.2%; The gross profit margin increased to 14%, a year-on-year increase of 17.9 percentage points. With the realization of cost reduction through technology and the improvement of gross profit margin through strategic cooperation with Volkswagen, Xiaopeng Motors' gross profit margin increased by 1.2 percentage points, 8.9 percentage points, 6.7 percentage points, and 1.1 percentage points respectively from the third quarter of 2023 to the second quarter of 2024, with continuous growth for four consecutive quarters. As of the end of the second quarter, Xiaopeng Motors had a cash reserve of 37.33 billion yuan.
During the Q2 2024 earnings conference call, He Xiaopeng stated that since the launch of the Xiaopeng MONA M03, Xiaopeng will enter a strong product cycle and a favorable period of rapid development. In the next three years, there will be multiple new products and upgraded models launched intensively.
Faced with fierce market competition, Xiaopeng Motors is accelerating the promotion of advanced intelligent driving to cover the world's most mainstream mass market. Starting from the fourth quarter of this year, Xiaopeng Motors will use the most competitive material costs in the industry on P7+to achieve advanced intelligent driving capabilities.
He Xiaopeng said, "In the future, this intelligent driving capability will be popularized to more car models, and Xiaopeng Motors will also become the world's first car company to achieve advanced intelligent assisted driving in a $20000 model. He also mentioned that in the second half of 2025, he hopes that AI intelligent driving mass-produced vehicles equipped with XNGP can benchmark the software usage experience of first-class Robotaxis overseas, and achieve high-level autonomous driving that only needs to be taken over once for hundreds of kilometers in urban areas. Therefore, XNGP is expected to achieve software capabilities and user experience comparable to L3+level on the basis of L2 level hardware.