Today, it was reported that Xpeng Motors is planning to stop updating the G3 product line and may design a new product to replace the G3 product line. Xpeng Motors' latest response said that the discontinuation of the G3 and G3i models within the year was a decision made based on the company's long-term planning, and was made to allow Xpeng Motors to focus more on promoting its future development strategy. According to public information, the G3 is the first compact SUV announced by Xpeng Motors. Among them, G comes from GEEK (geek), and on January 10, 2018, G3 made its world premiere at the CES International Consumer Electronics Show in the United States. In July 2021, the Xpeng G3 was upgraded to G3i, with a P7 face, upgraded the intelligent driving hardware architecture, etc., and the price was 16890,000 20190,000 yuan. The facelifted G3i delivery volume increased, helping Xpeng double its monthly delivery volume that year. 
However, as car companies launch more and more new energy vehicles, more and more volumes, especially SUVs have become the focus of competition in the family car market, and Xpeng G3 G3i no longer has an advantage. According to the word-of-mouth of car owners, the advantages of Xpeng G3 include full power, large trunk space, etc., and the disadvantages include small rear space and poor battery life. 
According to the data, as of December 2023, the latest monthly sales of Xpeng G3 are 363 units, and the cumulative sales volume in 2023 will be 4,878 units, ranking 96th in monthly sales and 97th in annual sales among SUVs. The sales banner of Xpeng Motors has been carried by other series. According to the November sales data released by the Passenger Association, in November 2023, Xpeng G6 sold 8,750 units, ranking first. Xpeng G9 sales this month were 6,556 units, and the cumulative sales this year reached 21,767 units. Xpeng P7 sold 3,106 units, and the cumulative sales this year reached 42,073 units. G3 G3i's sluggish sales even affected Xpeng's earnings report. According to a later report, the decline in G3i sales superimposed**, which affected Xpeng's gross profit margin in the second and third quarters of this year. In the third quarter of this year, Xpeng's gross profit margin was -27%, and the gross margin of the automotive business was -61%；In the second quarter, gross margin was -39%, and the gross margin of the automotive business was -86%。In fact, it has been reported that Xpeng's G3 series has plans to withdraw from the market;According to the above report, the G3 G3i product line is old and does not meet the requirements of the whole series of models to switch to Fuyao 20 architecture policy. Xpeng Motors said that for the G3 G3i series models that have already started delivery, Xpeng will fulfill its commitment to the rights and interests of car owners and provide 10-year maintenance and spare parts for sold vehicles. At the same time, car owners will still be able to receive continuous OTA software upgrade services for a period of time to come. China's pure electric MPV is No1」While phasing out the old product line, new models are introduced. Recently, Xpeng Motors has also joined the MPV model competition and launched the pure electric MPV Xpeng X9. 
Xpeng X9 pre-sale price 3880,000, positioned as a medium and large MPV, equipped with a global 800V architecture, using front and rear integrated aluminum die-casting, standard four-wheel steering system, scheduled to be launched on January 1, 2024. Yesterday evening, He Xiaopeng, chairman and CEO of Xiaopeng Motors, said in an exclusive interview with Tencent Technology: X9 is a model for more than 300,000 levels, and we expect to be No. in China's pure electric MPV1。In this interview, He Xiaopeng said: We are moving out of a pile of dead people in a cutthroat competition, and I think we are going faster and faster now. According to the financial report for the third quarter of 2023, Xpeng Motors sold 40,000 units in Q3, a year-on-year increase of 353%, an increase of 724%；Revenue 85300 million yuan, a year-on-year increase of 250%, an increase of 685%。Xpeng's net loss in Q3 was 38900 million yuan, an increase of 63 percent year-on-year4%, an increase of 389%。Xpeng explained in the financial report that part of the loss was affected by Volkswagen's shareholding and had nothing to do with operation. Recently, Xiaopeng encountered Ali**. On the evening of December 15, Alibaba Group announced that it held part of the equity of Xpeng Motors, and the shareholding was increased from 102% to 75%。Today's latest news, Hong Kong Stock Exchange filings show that Alibaba's long position in Class A ordinary shares of Xpeng Motors on December 19 from 1249% to 924%。
Previously, the relevant person in charge of Ali said that according to Ali's capital management goals, we believe in the prospects of Xiaopeng and look forward to continuous cooperation with the company. Xpeng responded that Ali will remain the second largest shareholder of Xpeng since then, holding about 8% of the shares, and will continue to carry out in-depth strategic cooperation with Xpeng Motors in cloud computing and other fields. In addition, Xpeng emphasized that it has established a strategic partnership with Volkswagen, which is currently the third largest shareholder of Xpeng. Xpeng currently has more than 40 billion yuan in cash on hand. He Xiaopeng believes that Xiaopeng Motors can quickly turn losses into profits: The scale is raised, including our organizational ability, and profitability is a natural ......In the fourth quarter, in the first quarter of next year, I think [it will get better]. In the Q3 earnings report, Xpeng expects deliveries to reach 5950,000 6350,000 units, with total revenue of 12.713 billion yuan.