XPeng April Deliveries Climb 13% on AI Driving Momentum

XPeng Inc. (XPEV) announced that vehicle deliveries for April reached 31,011 units, representing a 13% increase over March figures. The company attributed this growth primarily to the successful deployment of its VLA 2.0 intelligent driving features, which have enhanced the appeal of its AI mobility technology. The rollout of VLA 2.0 has significantly impacted consumer behavior at the retail level. XPeng noted a substantial rise in test drive satisfaction rates and a 44.7% month-on-month reduction in the average time required for customers to finalize a purchase decision following a trial. In addition to software gains, the company expanded its hardware portfolio with the April 15 unveiling of the XPENG GX, a full-sized flagship SUV built on the company's most advanced cross-domain technologies. This launch aims to strengthen XPeng's position in the premium SUV segment. Simultaneously, XPeng deepened its European operational presence. On April 7, the company and Magna marked the roll-off of the first locally produced P7+ from the Graz, Austria plant. The P7+ joins the G6 and G9 as the third model manufactured in Austria, signaling a strategic shift toward localized European production to optimize supply chains and market penetration. Despite the positive delivery data, XPEV shares saw a slight pre-market decline of 0.55% to $16.21 on the NYSE. On the HKSE, shares closed Thursday's session down 2.40% at HK$61.00.