On April 17th, XPeng Motors and Volkswagen Group officially signed the EEA Strategic Cooperation Framework Agreement. The official referred to it as a new milestone in the strategic cooperation between the two parties.
XPeng Motors sales staff said that the older model of P7 (2023 model 586E) can be priced at 140,900 yuan after comprehensive subsidies, with an official guide price of 239,900 yuan.
On April 9th, XPeng Motors announced that nearly a thousand XPeng G9 vehicles have been shipped to Germany. This is the largest overseas shipment in XPeng Motors' history.
With the entry of Xiaomi SU7 with a starting price of 215,900 yuan, a new round of "price reduction wave" has started in the new energy market, intensifying competition.
Alibaba reduced its holdings of XPeng Motors' ADS worth approximately $314 million after terminating the director appointment agreement with the company.
As XPeng Motors accelerates its overseas expansion 2.0 strategy, multiple models of XPeng Motors will be launched and delivered in five countries across the Middle East and Africa starting from Q2.
On February 18, XPeng Motors CEO He Xiaopeng sent a letter to all employees. There will be two new cars in 2024, with plans for around 30 products within three years.
On December 6th, XPeng Motors announced that Volkswagen's investment in XPeng has been completed, with a subscription amount of approximately $705.6 million.
On October 12th, He Xiaopeng, the Chairman of XPeng Motors, posted on Weibo that he visited Volkswagen Group's headquarters in Wolfsburg at the end of September.
XPeng Motors announced that the head of the procurement department was suspended from duty, and multiple employees were cooperating with the investigation.
XPeng Motors recently reduced the number of nationwide sales regions. They are also gradually phasing out underperforming directly operated stores and expanding the scale of dealership stores.
