• Sets new monthly record with 42,013 vehicles delivered in October, up 76% YoY
• Exceeds 40,000 monthly deliveries for the second consecutive month

GUANGZHOU, China, Nov. 1, 2025 /PRNewswire/ — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for October 2025.

XPENG achieved record deliveries of 42,013 Smart EVs in October 2025, up 76% year-over-year and 1% month-over-month. October also marked the second consecutive month that XPENG deliveries exceeded 40,000 units, underscoring the Company’s accelerating growth trajectory and rising brand momentum. In total, XPENG delivered 355,209 Smart EVs in the first 10 months of 2025, 190% higher than the same period last year.

XPENG also accelerated its global expansion in October, entering seven new markets across Europe, Asia and Africa: Lithuania, Latvia, Estonia, Cambodia, Morocco, Tunisia and Qatar.

User adoption of XNGP, XPENG’s industry-leading advanced driver assistance system, also remains strong, with XNGP’s monthly active user penetration rate in urban driving reaching 86% in October.

XPENG will host its 2025 XPENG AI Day event at the XPENG Tech Park in Guangzhou on November 5. At this year’s XPENG AI Day, XPENG will spotlight the latest breakthroughs and future development roadmap for of XPENG’s in-house developed AI technology, with key focuses on including Physical AI, robotaxi, and other pioneering advancements etc.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are 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: XPENG’s goal and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, 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. Further information regarding these and other risks is included in XPENG’s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts:

For Investor Enquiries:

IR Department
XPeng Inc.
Email: ir@xiaopeng.com

Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com

For Media Enquiries:

PR Department
XPeng Inc.
Email: pr@xiaopeng.com

LONDON, Nov. 1, 2025 /PRNewswire/ — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility technology provider, today announced that it had entered into a securities purchase agreement (the “Transaction”) with ATW Partners, a New York-based investment firm, under which the Company may issue and sell convertible notes for up to an aggregate principal amount of $150 million.

This financing is expected to enhance ECARX’s liquidity position and strengthen its balance sheet, providing greater financial flexibility to execute on its strategic priorities. The proceeds will support the Company’s ongoing global expansion, including accelerating product innovation, scaling partnerships with international OEMs, and investing in software-defined vehicle and intelligent cockpit technologies across global markets.

Mr. Ziyu Shen, Chief Executive Officer and Chairman of ECARX, commented: “This transaction reflects the confidence institutional investors have in ECARX’s technology leadership and global growth strategy. The additional capital will support the advancement of next-generation mobility solutions, reinforce our balance sheet, and position the Company to deliver sustainable value for our shareholders over the long term.”

D. Boral Capital LLC acted as the exclusive placement agent for the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Additional information, including the full terms of the financing transactions, is available in the Form 6-K that the Company filed with the SEC, accessible on ECARX’s SEC filings page.

About ECARX

ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. As automakers develop new electric vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost.

Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has over 1,600 employees based in 13 major locations in China, UK, USA, Singapore, Malaysia, Sweden and Germany. The co-founders are two automotive entrepreneurs, Chairman and CEO Ziyu Shen, and Eric Li (Li Shufu), who is also the founder and chairman of Zhejiang Geely Holding Group — with ownership interests in global brands including Lotus, Lynk & Co, Geely, Galaxy, Polestar, Smart, and Volvo Cars. ECARX also works with other well-known automakers, including Volkswagen Group, FAW Group and Dongfeng Peugeot-Citroën. To date, ECARX products can be found in over 9.3 million vehicles worldwide.

Forward-Looking Statements

This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.

For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise and forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.

Investor Contacts: ir@ecarxgroup.com; 

FONTANA, Calif., Nov. 1, 2025 /PRNewswire/ — With the oncoming holiday season, Costway can hardly contain the excitement over unveiling its 2025 Black Friday campaign from 1^st November to 7^th December. This year’s celebration is not just about selling products but promoting shoppers to participate in a vibrant, interactive process in which every move counts. 

With everyday events like signing in, checking in, buying, and sharing orders, customers can easily collect Torch Points, which light up the Black Friday Castle to redeem branded merchandise. Customers can get a 15% cashback reward for referring friends, 12% Off on 5000+ Deals, and a series of Flash Sale offers across home essentials. As the brand’s flagship Black Friday event, Costway invites consumers to join the celebration and discover unbeatable deals.

How Shoppers Can Participate in the Black Friday Torch Hunt

Costway Black Friday Torch Hunt turns shopping into a playful and rewarding adventure. Every interaction adds a spark to the great Black Friday Castle, with customers getting a chance to win exclusive rewards through participation and excitement.  All age shoppers are welcome to join in, complete simple tasks, and track their progress as the castle lights up step by step.

Collect Torch Points Through Fun Tasks

Shoppers have the opportunity to earn Torch Points in numerous simple and fun ways. Each of these actions was simple and enjoyable, and they made it even easier to light up the Black Friday Castle. The more of these tasks the shoppers complete, the more light will shine on the castle progress bar.

Daily Check-In: You are required to log in each day to build up your Torch Points progressively.

Sign In: Regular signing in not only supplies points but also helps the castle to stay bright.

Make Purchases: Each purchase is like a note in the music that helps the castle be more quickly illuminated.

Share Your Orders: Share your order on social media or with your friends to make the fun spread wider and get extra points.

This interactive system makes shopping fun. It turns the campaign into a user experience that is rewarding.

Redeem Rewards After Collecting 1128 Torches

When you collect 1128 Torch Points, you will be able to access Costway special rewards at Cyber Week, December 1–7, 2025. Limited edition branded merchandise will be among the first of the rewards that shoppers will be able to claim, and as the castle reaches its full glow, there will be more surprise packages for the travelers to pick from. Naturally, quantities will be limited, and the rewards will only be available to those who first arrive, making the whole affair even more thrilling and desirable.

Referral Rewards to Boost Your Cashback

Invite your friends to come to the party as well. If you bring someone to the Black Friday event, not only will they be grateful to you later, but you will also receive up to 15% cash back just for that. Every time your recommendation hits the target, that’s a few more Torch Points for the pot and more loot for everyone. 

Unprecedented Black Friday Discounts Across Thousands of Products

Costway will present incredible offers that will be hard for buyers to pass up. For a limited period, thousands of goods will receive a reduction in prices through Flash Sales, Clearance Deals, and extra discounts.

Flash Sales and Clearance Offers

Shoppers have the possibility to use the discounts that reach up to 80% off of more than 5,000 items. Some of the highlights include:

Home Essentials: Beautiful and functional furniture, décor, and organizational products

Appliances: Efficacious kitchen gadgets, cooling devices, and small appliances

Kids & Baby Products: Delightful, safe, and stimulating items for kids

Fitness & Recreation: Such as treadmills, bouncy castles, and patio furniture

Flash Sales are changed on a regular basis, thus each time one visits, new bargains and savings opportunities might be uncovered.

Extra Savings on Hot Deals

Costway is giving an extra 12% off on a selection of the top-selling products for that additional value that shoppers get on the already discounted products from 28^th November to 7^th December. Some of the highlights may be:

• Deco and furniture pieces that trend in the home
• The most wanted appliances and electronic devices
• Popular seasonal products and limited-edition pieces

Don’t wait too long! The number of products is limited, and the deals can finish any time. These extra savings make it possible for every shopper to find a product that suits their needs and budget.

Costway Commitment to Service Excellence

Costway endeavors to ensure that every shopping experience is seamless, enjoyable, and trustworthy. This is a brand speaking to its slogan at home of delights. It shares a philosophy going above products toward experiences with a positive and memorable touch for every customer. All items on the platform have been keenly sourced to meet high-quality standards, while fast delivery ensures that shoppers get their purchases delivered in good time.

Support at Costway is patient and friendly to talk to, leading users from one end of the purchase process to the other. A 30-day return guarantee on all products, plus warranties on items bought and installed on applicable products, instills confidence that every purchase is safe and secure. 

Add to this a strict privacy policy whereby no information is ever shared with a third party. By maintaining these high standards, Costway continues to build trust, loyalty, and satisfaction, helping families around the world enjoy a better, more convenient lifestyle.

Conclusion

Costway “Black Friday at the Castle” is basically a shopper’s nerdy fantasy, where Torch Points, bonkers rewards, and discounts will get you going wild. You’ve got a campaign where savings are the main event. There’s a bunch of social stuff, interactive games, and chances to rack up bonus points, all while collecting branded Costway products. So yeah, light up the Black Friday Castle, unlock the vault of royal discounts!

To discover more information, you can visit www.costway.com.