What's Going On With XPeng Shares Today?

XPeng Inc. XPEV shares are trading higher in the premarket session on Friday.

In February 2024, XPENG delivered 4,545 Smart EVs, down 24% year over year.

Deliveries of XPENG X9 reached 1,448 units, with nearly 4,000 units of X9 delivered in the first two months of its launch, achieving a solid position in the electric MPV segment as well as in the three-row seater BEV segment.  

On February 29, 2024, XPENG announced the rollout of unlimited XNGP ADAS function for its experienced ADAS users in China.

Given XNGP’s extensive coverage and cutting-edge smart driving experience, the monthly active user penetration rate of XNGP urban smart driving reached 83% in February, leading the industry in terms of active user scale, user experience, and mileage penetration rate.

During the Chinese New Year holiday period, the implementation of the XNGP ADAS system for urban driving in China led to a significant surge in smart driving mileage among XPENG car owners. 

From January 26 to February 26, the total smart driving mileage reached 69,777,180 kilometers, with a peak daily mileage of 4 million kilometers collectively and up to 1,800 kilometers per day individually.

Price Action: XPEV shares are trading higher by 1.59% to $9.58 premarket on the last check Friday.

Image by Robert Way via Shutterstock