XPeng
Automotive Manufacturing
Xpeng Motors, founded in 2014, is a leading smart electric vehicle company in China with its headquarters in Guangzhou. The company focuses on the research and development of smart electric vehicles, with technologies including autonomous driving and smart connectivity. Xpeng Motors is innovation-driven, committed to enhancing the travel experience.
Climate Targets
Not Disclosed
Carbon Neutral Company
Not Disclosed
Carbon Neutral Supply Chain
Climate Actions
Since 2021, XPENG Motors has followed the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), managing climate change across four areas: governance, strategy, risk management, and metrics and targets. This has enhanced the company’s ability to address climate risks while seizing climate development opportunities. To systematically advance carbon peaking and carbon neutrality goals and address climate change, XPENG Motors is gradually establishing short-, mid-, and long-term carbon reduction targets, setting reduction plans for Scope 1, 2, and 3 emissions, and continuously optimizing decarbonization measures to steadily improve climate governance. In 2021, XPENG set a target to reduce electricity and natural gas consumption at its Zhaoqing production base by 10% compared to 2022 levels. By the end of the 2023 reporting period, this goal had been successfully achieved.
Climate Milestone
2024
Xpeng Motors has partnered with digital low-carbon service provider Carbon Newture to jointly manage multi-layered, cross-sector supplier carbon footprints and accelerate collaborative decarbonization efforts within the supply chain
2023
-Received the highest global rating of AAA in MSCI ESG
-The XPeng G9 model has been awarded a five-star low-carbon rating by C-GCAP
-Compared to traditional gasoline vehicles, the electric vehicles delivered by XPeng in 2023 achieved over 1.5 million tons of carbon reduction across their entire lifecycle, contributing to low-carbon transportation
-Selected for the National Ministry of Industry and Information Technology’s Green Manufacturing List and awarded the title of "National Green Supply Chain Management Enterprise"2022
-Established a carbon footprint assessment system for all mass-produced models, designating the Zhaoqing facility as a pilot unit for detailed carbon emissions measurement. The company set emission reduction targets and allocated reduction tasks accordingly
-The Zhaoqing facility was awarded the title of "Green Factory" by the National Ministry of Industry and Information Technology, driving the green transformation of the industry
-Conducted internal assessments of the company’s carbon emissions and the lifecycle carbon emissions of each vehicle model, establishing a carbon emissions calculation system
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