XPeng Publishes Inaugural Environmental, Social and Governance Report Business Wire
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GUANGZHOU, China – (BUSINESS WIRE)-XPeng Inc. (“XPeng”), a leading Chinese company producing smart electric vehicles (“Smart EV”), today released its inaugural Environmental, Governance and Governance Report (the “ESG Report”), which details the Company’s strategy and exceptional achievements in ESG performance.
XPeng’s commitment to ESG has led to the creation of an innovative core concept called X-SEG (Smart Efficient and Green). This concept guides the establishment and operation of its factories and underpins all aspects of the Company’s business operations, including supply chain management and green manufacturing to product safety management and governance.
The Company’s leadership position in ESG has been recognized worldwide. In 2021, XPeng received an “AA” rating from MSCI ESG Research for the second consecutive year. This is the highest MSCI ESG rating of automobile companies worldwide. Notably, MSCI ESG Research gave XPeng a score of 10 and 9.1 in both the Product Carbon Footprint category and the Opportunities In Clean Tech category, which are two key areas that contributed to ESG ratings. This is in comparison to industry averages of 7 and 5. Furthermore, as part of their scoring review, MSCI ESG Research highlighted XPeng’s financial and personnel commitment to advancing technology as a key driver in the Company’s ability to deliver long-term sustainability-focused innovation.
XPeng is a pioneer in making Smart EVs affordable to all. He Xiaopeng (Chairman & CEO of XPeng) stated that adhering to exemplary ESG standards in operations is an integral part of our core values. It has an impact on every decision we make. “As a global leader in Smart EV technology and corporate citizen, we are committed to leading the way in ESG. We take our responsibility seriously. We aim to contribute to the development of future mobility, and the improvement of societies all over the globe through our efforts.
The ESG Report also highlights other achievements:
Innovative technologies have made significant progress in recycling and reducing emissions.
XPeng’s Smart EVs, which were delivered in 2020, reduced CO2 emissions by approximately 5,520 tonnes when compared to internal combustion engine vehicles.
XPeng has achieved 100% recycling and reuse of recyclable solid waste as of May 2021
XPeng owned 759 patents and 504 trademarks registered in China and other countries as of March 31, 2021
Superior product quality and technology combine to provide record-setting safety performance
XPeng P7 was the first vehicle to be awarded the 5-Star rating by the Chinese iVISTA intelligent vehicle testing platform
XPeng G3 and XPeng P7 were awarded 5-Star ratings with scores of 92.2% and 99.54%, respectively, in the C-NCAP Crash and Safety Test.
XPeng reported zero work-place injuries or fatalities in 2020.
Continued commitment to foster an inclusive and open culture to attract and keep talent
Contribution to disaster relief, poverty reduction and subsidies for agriculture
Sound governance and protocols are essential to ensure compliance at all levels within the Company
Visit the Investor Relations website of XPeng to view the 2020 ESG Report. Click here to see the Chinese version, and click here for English.
Click here for more information about the MSCI ESG ratings.
About XPeng Inc.
XPeng, a Chinese smart electric vehicle manufacturer, designs, develops and manufactures Smart EVs. It is a leader in China. Its mission is to transform Smart EVs with technology and data, and shape the future mobility experience. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. XPeng’s headquarters is in Guangzhou, China. It also has offices in San Diego, San Diego, Shanghai, Silicon Valley and Amsterdam. Smart EVs manufactured by the Company are made at its Zhaoqing plant, Guangdong province. For more information, please visit https://en.xiaopeng.com.
Safe Harbor Statement
Forward-looking statements are included in this announcement. These statements are made within the “safe harbor” provisions under the 1995 United States Private Securities Litigation Reform Act. These forward-looking statements are identified by terms such as “will”, “expects,” and “anticipates,” future,” future,” intends,” plans,” believes,” estimates, and similar statements. Forward-looking statements include statements that are not historical facts and statements about XPeng’s beliefs or expectations. Forward-looking statements are subject to inherent risks and uncertainties. There are many factors that could cause actual results not to be as expected. These include XPeng’s goals and strategies, XPeng’s expansion plans, XPeng’s future business development, financial situation and results of operations. XPeng’s expectations regarding the demand for, market acceptance, and quality of its products and services. XPeng’s expectations regarding its relationships and relationships with customers, contract manufacturer, suppliers, third party service providers, strategic partners, and other stakeholders. Additional information about these and other risks can be found in XPeng’s filings with SEC. All information in this press release was as of the date of the press release. XPeng is not obligated to update any forward-looking statements, except as required by law.