XPeng’s Chairman and CEO, He Xiaopeng, acknowledged that 2022 was a challenging year for the company in an internal letter to employees.
New Electric Vehicles
The company failed to meet its sales expectations, leading to a plummet in its share price by 81.34%. Despite these setbacks, He remains determined to push forward, with the goal of selling 200,000 vehicles in 2023. XPeng plans to unveil five new models in 2023, including two brand-new vehicles and three updated versions of previous models.
Both of the new cars will be built on an 800V high-voltage platform. The XPeng G7, a five-seat SUV, will make its debut at the Shanghai Auto Show this year. Another new car, an MPV with the code H93, is set to begin mass production in September 2023. The company’s focus on autonomous driving is also a key part of its strategy moving forward.
2023 Sales Target
By the end of 2022, XPeng had sold a total of 258,710 vehicles. The 2023 target of 200,000 units is a big jump, but CEO Xiaopeng is confident that the company will achieve it. Only time will tell if this prediction will come to fruition.
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