GUANGZHOU, China, April 1, 2026 /PRNewswire/ — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for March and the first quarter of 2026.

In March 2026, XPENG delivered a total of 27,415 vehicles, representing an 80% increase over the prior month. In the first quarter of 2026, XPENG delivered 62,682 vehicles.

On March 25, 2026, XPENG introduced a three-year strategy for Latin America and officially entered the Mexican market, marking a major milestone in its global expansion. Under this strategy, the Company plans to launch both pure electric and range-extended electric models in 2027, laying the groundwork for broader market coverage and targeting a leading position in the region by 2028.

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

SANYA, China, April 1, 2026 /PRNewswire/ — On 30 March 2026, the torch relay for the 6th Asian Beach Games Sanya 2026 (hereinafter referred to as the Games or Sanya 2026) was held in Sanya. The relay, themed “Passing on Friendship, Meeting in Sanya”, featured three core segments: the flame lighting ceremony, the torch relay starting ceremony, and the flame return ceremony. A total of 74 torchbearers ran in relay along approximately 10.5 kilometres of Sanya Bay, building excitement for the upcoming Games.

In the morning, the flame lighting ceremony took place at Sanya’s southern cauldron, originally built for the 11th Asian Games. After the starting ceremony, the first torchbearer, CHANG Yani, the Paris Olympic Games women’s synchronised 3-metre springboard diving champion, set off. “With the vast sea right beside me, the feeling is truly special,” she said.

The relay route innovatively combined beach, road, and maritime segments, passing by multiple venues of Sanya 2026 and showcasing the city’s unique coastal scenery. The torch was relayed by several Olympic champions, including SHI Zhiyong (weightlifting), LIU Shiwen (women’s table tennis team), JIANG Ranxin (shooting), and QI Guangpu (freestyle skiing aerials).

Along the route, spectators also enjoyed water and cultural performances, including jet-ski stunts, flyboarding, Li brocade fashion shows, bamboo pole dances, Qiong opera, and Yazhou folk songs. At the Sanya International Yachting Center, a robotics lion dance and drumming performance integrated technology with traditional elements.

CAO Shoubin, Operations Director of the Sanya 2026 Torch Relay Team, stated that the event adhered to the principles of “green, shared, open, and integrity”, allowing the world to witness Sanya’s natural beauty, rich culture, and vibrant energy.

Sanya 2026 will be held from 22 to 30 April 2026. As Asia’s highest-level beach sports event, it is also the first major international multi-sport event hosted in Hainan after the Free Trade Port’s operational opening. This edition of the Games will feature 14 sports, 15 disciplines, and 62 events, awarding 62 gold medals.

YouTube Link: https://www.youtube.com/watch?v=xTPWNnP_aAY

Fund substantially allocated within four months of launch; Thrive Alternatives served as exclusive advisor

SINGAPORE, April 1, 2026 /PRNewswire/ — Nippon Sangyo Suishin Kiko (NSSK), a leading Japan-focused private equity firm, today announced the final close of NSSK Series IV Funds with aggregate commitments totaling JPY 250 billion (approximately USD 1.7 billion) at the hard cap.

The NSSK Series IV Funds were more than 2x oversubscribed, drawing strong demand from a broad global and Japanese investor base spanning sovereign wealth funds, public and private pension funds, financial institutions, endowments, foundations, family offices, and asset managers.

The fundraise was substantially allocated within four months of launch, underscoring the conviction of the global investor community in NSSK’s differentiated approach to value creation in the Japanese mid-market. Thrive Alternatives acted as the exclusive advisor to NSSK in connection with the NSSK Series IV fundraise.

The funds will continue NSSK’s control-oriented buyout strategy in the Japanese middle market, targeting businesses with strong cash flow, leading niche market positions, and resilience across economic cycles. The firm emphasizes proprietary sourcing, particularly in under-penetrated regional markets and business succession situations in both private and public companies, leveraging its local network to access opportunities with limited competition. Value creation is driven through NSSK’s proprietary NVP® framework, combining organic growth initiatives with an increasing focus on buy-and-build strategies to build scale and drive efficiencies.

“The response from investors to NSSK Series IV Funds has been exceptional and reflects the strength of the platform we have built over the past decade and the herculean market leading performance of our management and employee partners. Japan’s private equity market continues to offer a compelling and opportunity set, and we are well positioned to deliver differentiated returns for our limited partners. We are grateful for the trust our investors have placed in us and look forward to putting this capital to work.“

— Jun Tsusaka, CEO and CIO, Nippon Sangyo Suishin Kiko (NSSK)

“The oversubscription and speed of the NSSK Series IV Funds close are a testament to what NSSK has built. Investors recognized both the quality of the team and the structural tailwinds in the Japanese private equity market. It was a privilege for Thrive to support NSSK on this milestone raise, and we look forward to continuing our partnership.”

— Robin Tyrangiel, Co-Founder, Thrive Alternatives

The close of the Series IV funds positions NSSK among the largest independent private equity franchises focused on the Japanese market. The firm will continue to target investments in companies where its operational expertise and network can drive measurable value creation.

About NSSK

Nippon Sangyo Suishin Kiko (NSSK) is a Tokyo-based private equity firm established in 2014, focused exclusively on the Japanese mid-market. NSSK pursues control-oriented investments across business succession, carve-outs, management buyouts, and special situations, targeting market-leading niche businesses with strong cash flow and resilience. The firm partners closely with management teams to drive transformation from good to great through its proprietary, systematic value creation framework NVP®, combining operational improvement with selective buy-and-build strategies. NSSK has been named Private Equity Firm of the Year in Japan by Private Equity International five times, and Mid-Market Firm of the Year in Asia in 2023. The firm manages capital on behalf of both global and Japanese investors including sovereign wealth funds, public and private pension funds, financial institutions, endowments, foundations, family offices, and asset managers.

About Thrive Alternatives

Thrive Alternatives is a global, tech-enabled private markets advisory firm that partners with leading alternative investment managers to raise institutional capital. Headquartered in Singapore with presence in all major Asian markets, Europe and the U.S., Thrive Alternatives provides strategic fundraising advice, investor access, and transaction support across private equity, private credit and real assets. Leveraging proprietary technology, deep industry networks, and cross-border expertise, Thrive Alternatives helps clients navigate the complexities of global private capital markets and access institutional investors worldwide.