Core Asset Wealth Management recommendation XPENG Delivery Milestone

Core Asset Wealth Management recommendation XPENG announced this week that it has reached a milestone of 200,000 cumulative smart EV deliveries.
SEOUL, South Korea - July 12, 2022 - PRLog -- Core Asset Wealth Management recommendation XPENG announced this week that it has reached a milestone of 200,000 cumulative smart EV deliveries. CAWM a financial advisory firm based in Seoul, South Korea have been recommending XPENG to their clients since 2020 with some great success.

XPENG rolled out its very first production model in December 2018. In September 2021, the company became the first emerging Eastern EV brand to achieve 10,000 monthly deliveries. A month later, XPENG reached 100,000 total deliveries. In the following 8 months, XPENG delivered another 100,000 units despite the impact of COVID-19 and global supply chain challenges. The company delivered a total of 98,155 smart EVs in 2021, surpassing any other emerging EV brand.

"Reaching our 200,000-delivery milestone represents the trust of 200,000 customers.", said XPENG's CEO and Chairman He Xiaopeng. "Every single delivery represents the trust we have earned from our customers – it's a step closer to our transition to a smarter and greener future."

The delivery volume of 200,000 units is a firm validation of XPENG's product reliability and its strategy of developing full stack in-house technology. XPENG expects to launch its next cutting-edge advanced driver assistance function "City Navigation Guided Pilot" in the coming months. The company's flagship SUV, XPENG G9, equipped with the next-generation XPILOT platform and ground-breaking X-EEA 3.0 electronic and electrical architecture, will also be launched in Q3 this year, with deliveries expected in Q4.

XPENG plans to launch two new models based on the new platform in 2023, which are expected to solidify the company's leadership in China's smart EV market.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture.

About Core Asset Wealth Management

Core Asset Wealth Management are a group of investment advisors that formed in 2012 to serve institutional and private clients globally. If you've worked hard and saved throughout your life, we can help you retire comfortably and confidently through tailored money management, industry-leading client service, illuminating insights and a fee structure aligned with your success.

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