XPeng Inc. — Capital/Financing Update 2023

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VOLUNTARY ANNOUNCEMENT

VEHICLE DELIVERY RESULTS FOR JUNE AND SECOND QUARTER 2023

The board of directors of XPeng Inc. (the “ Company ” or “ XPENG” ) is pleased to announce its vehicle delivery results for June and the second quarter 2023.

In June 2023, XPENG delivered 8,620 Smart EVs, representing a 15% increase over the prior month, with the P7 series deliveries up 17% over the prior month. The Company has achieved positive delivery growth for five consecutive months. Total Smart EV deliveries for the second quarter of 2023 were 23,205 units, representing a quarter-over-quarter increase of 27%. As of June 30, 2023, XPENG has delivered over 300,000 Smart EVs.

The XPENG G6 Ultra Smart Coupe SUV was officially launched on June 29, 2023, offering five trim packages and priced between RMB209,900 and RMB276,900. Since its launch, the G6 has been attracting widespread market attention and receiving top-rated reviews.

Initial deliveries of the G6 are set to begin this month, and display vehicles have arrived at showrooms nationwide and are ready for test drives. The industry-leading ADAS function, XNGP, is readily available on all G6 Max versions immediately upon delivery.

In addition to G6’s launch in China, XPENG plans to roll out its "AI Valet Driver" capabilities for all XNGP-equipped vehicles, starting in the fourth quarter of 2023. The "AI Valet Driver" mode allows users to customize smart driving routes based on their preferences in a variety of cities across China, making driving safer and more efficient in everyday driving scenarios. Deployment is scheduled to start in the fourth quarter of 2023. Notably, XPENG is the only automaker brand in China to have rolled out City NGP functions in all four of China's top-tier cities - Guangzhou, Shenzhen, Shanghai and Beijing.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board XPeng Inc. Xiaopeng He Chairman

Hong Kong, Monday, July 3, 2023

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This announcement contains forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s expansion plans; the Company’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; the Company’s expectations regarding demand for, and market acceptance of, its products and services; the Company’s expectations regarding its relationships with customers, contract manufacturers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

As at the date of this announcement, the board of directors of the Company comprises Mr. Xiaopeng He as an executive director, Mr. Yingjie Chen, Mr. Ji-Xun Foo and Mr. Fei Yang as non-executive directors, and Mr. Donghao Yang, Ms. Fang Qu and Mr. HongJiang Zhang as independent non-executive directors.

• For identification purpose only

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