Xiaopeng Motors: At least one product may be launched every quarter in the future

Last night, Xiaopeng Motors' fourth mass-produced car, the Xiaopeng G9, was officially launched. The new car launched a total of 6 models with a price range of 309,900-469,900 yuan. As the brand's flagship model, the Xiaopeng G9 is positioned as a medium-to-large pure electric SUV and will be officially delivered at the end of October 2022.

Today, Xiaopeng Motors President Gu Hongdi said in an interview with Bloomberg TV: "With the launch of the G9, we will launch products in the next few quarters, maybe at least one product per quarter, which will be our new The main catalyst for growth .”

Gu Hongdi said that the Xpeng G9 SUV will also be sold in European markets, including Denmark, Norway, Sweden, and the Netherlands.

It is worth mentioning that He Xiaopeng, Chairman and CEO of Xpeng Motors, said at the launch event of Xpeng G9: "Xpeng G9 has enough confidence in sales, and we believe that it will surpass the size of Q5 next year, making G9 a top-five luxury brand. In the field of SUVs, the monthly sales have reached 10,000 consecutive units, representing China’s competition with the world!” He Xiaopeng also said that the Xiaopeng G9 will succeed Porsche and become the benchmark in the new era, and believes that the Xiaopeng G9 is the best SUV within 500,000 yuan.

According to the financial report data of Xiaopeng Motors, in the first half of 2022, Xiaopeng Motors' total operating income was 14.891 billion yuan, of which car sales revenue was 13.937 billion yuan, a year-on-year increase of 118%, and the net profit attributable to the parent lost 4.402 billion yuan. Yuan, an increase of 122% year-on-year.

In the first half of 2022, Xpeng Motors sold a total of 68,983 vehicles, a year-on-year increase of 124%. Although car sales revenue and sales volume are increasing, it still sells one car and loses one. It is estimated that Xiaopeng Motors lost 64,000 yuan by selling a car.

Xiaopeng Motors announced its sales target for 2022: to ensure 250,000 units and to hit 300,000 units. Among them, G9 sales accounted for about 14%, with an estimated 35,000 units.