Xpeng Inc

Common Name
Xpeng
Country
China (Mainland)
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
15,364
Ticker
XPEV
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Xpeng Inc. is a Chinese electric vehicle (EV) manufacturer headquartered in Guangzhou, China. The company's primary focus is on designing, developing, and manufacturing smart cars that combine avant-g...

Xpeng's GHG Emissions Data Preview

In 2023, Xpeng completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Xpeng has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Xpeng's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Xpeng amounted to 157,251 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Xpeng increased by 54.66%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Xpeng's Scope 1 Emissions Over Time

202020212022202307 k14 k21 k28 ktCO2e+110%+206%+50%
  • Total Scope 1
  • Year-over-Year Change

What are Xpeng's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Xpeng were 27,043 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Xpeng reduced its Scope 1 emissions over time?

Since 2020, Xpeng's Scope 1 emissions have increased by 865.48%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Xpeng's Scope 1 emissions increased by 50.04%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Xpeng's Scope 2 emissions?

In 2023, Xpeng reported Scope 2 greenhouse gas (GHG) emissions of 130,208 tCOâ‚‚e without specifying the calculation method.

Has Xpeng reduced its Scope 2 emissions over time?

Since 2020, Xpeng's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 430.83%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Xpeng's Scope 2 emissions (Unspecified Calculation Method) rose by 55.65% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Xpeng use for Scope 2 reporting?

In 2023, Xpeng reported its Scope 2 emissions using an unspecified methodology.

Xpeng's Scope 2 Emissions Over Time

2020202120222023035 k70 k105 k140 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Xpeng's Value Chain Emissions

In 2023, Xpeng reported 5,491 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Xpeng includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Xpeng's Scope 3 Emissions Over Time

202020212022202301.5 k3 k4.5 k6 ktCO2e+202%+23%+16%
  • Total Scope 3
  • Year-over-Year Change

What are Xpeng's Scope 3 emissions?

In 2023, Xpeng reported total Scope 3 emissions of 5,491 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Xpeng reduced its Scope 3 emissions over time?

Since 2020, Xpeng's Scope 3 emissions have increased by 327.98%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Xpeng's Scope 3 emissions increased by 15.8%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Xpeng disclose?

In 2023, Xpeng reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Xpeng's Scope 3 emissions?

In 2023, the largest contributors to Xpeng's Scope 3 emissions were:

  • Business Travel (Cat. 6): 4,203 tCOâ‚‚e (76.54%)
  • Purchased Goods and Services (Cat. 1): 1,288 tCOâ‚‚e (23.46%)

Xpeng's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(76.5%)Purchased Goods andServices (Cat. 1)(23.5%)

Insights into Xpeng's Total Carbon Footprint

In 2023, Xpeng reported a total carbon footprint of 162,742 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 52.92% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Xpeng's total carbon footprint was Scope 2 emissions, accounting for 80.01% of the company's total carbon footprint, followed by Scope 1 emissions at 16.62%.