Xpeng Motors' Sales Channel Reform

Xiaopeng Motors eliminated 130 stores in 2023 and introduced 160 excellent dealers, covering 40 new third-tier and lower cities. It is expected that by the third quarter of 2024, the number of stores will expand to 600, and will further sink to third-tier, fourth-tier and fifth-tier cities. In addition, the Mona model will be sold independently in existing channel stores.