Xpeng (XPEV) publishes 2022 ESG report

Chinese electric vehicle maker, XPeng (NYSE: XPEV) published their 2022 Environmental, Social and Governance Report (the “ESG report”) on Wednesday. The report details progress the company made over 2022 for XPeng’s commitment, actions and achievements in environmental sustainability, social responsibility, and corporate governance.

“At XPENG, we have established an effective environmental, social and governance management framework that is integral in our effort to deliver sustainable value for all stakeholders,” said Mr. Xiaopeng He, Chairman & CEO of XPeng. “Our 2022 ESG report demonstrates tangible progress toward heralding a green future and conveying positive social values. We are committed to meeting the challenges of long-term sustainability by leveraging technology innovation to benefit our operations, our employees and our planet.”

XPeng EVs delivered in 2022 will reduce carbon emissions by approximately 1.72 million metric tons over their entire life cycle, compared to conventional gasoline vehicles. The report also shows that the company reached an annual charging capacity of 322,602,875.63kWh, with a cumulative carbon emission reduction of approximately 577,200 tons.

Xpeng’s Zhaoqing Plant, which was recognized as a “Green Plant” by the Ministry of Industry and Information Technology of the People’s Republic of China, was assigned by the company as a pilot unit for carbon emission status measurements, setting emission reduction targets and breakdown tasks for emission reduction.

The automaker also established a VOC (Volatile Organic Compounds) evaluation standard system and process specifications covering the entire vehicle, including parts and materials.

The company’s customer satisfaction rate reached 96% with monthly NPS (Net Promoter Score) survey feedback used to plan and provide enhanced quality services.

Shares of XPEV are down 4.43% in afternoon trading on Wednesday.

By Michael Elkins | [email protected]

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