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Xpeng Inc

Common Name
Xpeng
Country
China (Mainland)
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
15,364
Ticker
9868
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
Xpeng Inc. is a Chinese electric vehicle (EV) manufacturer that plays a pivotal role in the rapidly evolving automotive industry. Primarily focused on designing, developing, and manufacturing smart el...

Xpeng's GHG Emissions Data Preview

In 2024, 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 3 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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a
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a
0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
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a
0000000
Total Scope 3
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Xpeng’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Xpeng’s data sources below and access millions more through our Disclosure Search.

a. Xpeng's ESG Report 2024
a. Xpeng's ESG Report 2024
b. Xpeng's ESG Report 2021
b. Xpeng's ESG Report 2021

Insights into Xpeng's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofXpeng amounted to164,933metric 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).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Xpengincreased by 4.89%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Xpeng's Scope 1 Emissions Over Time

2020202120222023202407 k14 k21 k28 ktCO2e+110%+206%+50%+3%
  • Total Scope 1
  • Year-over-Year Change

What are Xpeng's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Xpeng were 27,873 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Xpeng reduced its Scope 1 emissions over time?

Since 2020, Xpeng's Scope 1 emissions have increased by 895.11%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Xpeng's Scope 1 emissions increased by 3.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Xpeng's Scope 2 emissions?

In 2024, Xpeng reported Scope 2 greenhouse gas (GHG) emissions of 137,060 tCOâ‚‚e without specifying the calculation method.a

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 458.77%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Xpeng's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Xpeng's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Xpeng use for Scope 2 reporting?

In 2024, Xpeng reported its Scope 2 emissions using an unspecified methodology.a

Xpeng's Scope 2 Emissions Over Time

20202021202220232024035 k70 k105 k140 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Xpeng's Value Chain Emissions

In 2024, Xpeng reported 2,972,670 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Xpeng includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Xpeng's Scope 3 Emissions Over Time

202020212022202320240750 k1.5 M2.25 M3 MtCO2e+202%+23%+48138%+30%
  • Total Scope 3
  • Year-over-Year Change

What are Xpeng's Scope 3 emissions?

In 2024, Xpeng reported total Scope 3 emissions of 2,972,670 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 1.71%of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.29%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Xpeng reduced its Scope 3 emissions over time?

Since 2020, Xpeng's Scope 3 emissionshave increased by 231,596.8%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Xpeng's Scope 3 emissions increased by 29.96%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Xpeng disclose?

In 2024, Xpeng reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a

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 2024, the largest contributors to Xpeng's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 794,760 tCOâ‚‚e(98.29%)
  • Employee Commuting (Cat. 7): 8,983 tCOâ‚‚e(1.11%)
  • Business Travel (Cat. 6): 4,825 tCOâ‚‚e(0.6%)

Xpeng's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(98.3%)Employee Commuting(Cat. 7)(1.1%)

Insights into Xpeng’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Xpeng reported Scope 1 greenhouse gas (GHG) emissions of 27,873 tCOâ‚‚e and total revenues of USD 780 millions. This translates into an emissions intensity of 35.73 tCOâ‚‚e per millions USD.a

Xpeng's Scope 1 Emissions Intensity Compared to Peers

2002,00050,000500,00010,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)BHAZCBGLWXBBBeiqi Foton MotorYear: 2024Scope 1: 47,047 tCO2eRevenue: $M 6,536Scope 1 Intensity: 7.20 tCO2e/$MHHH World GroupYear: 2024Scope 1: 39,310 tCO2eRevenue: $M 3,564Scope 1 Intensity: 11.03 tCO2e/$MNingbo Joyson ElectronicYear: 2024Scope 1: 37,554 tCO2eRevenue: $M 7,654Scope 1 Intensity: 4.91 tCO2e/$MAAAima Technology GroupYear: 2024Scope 1: 11,421 tCO2eRevenue: $M 2,961Scope 1 Intensity: 3.86 tCO2e/$MDongfeng Motor GroupYear: 2024Scope 1: 273,693 tCO2eRevenue: $M 15,841Scope 1 Intensity: 17.28 tCO2e/$MNIOYear: 2024Scope 1: 29,738 tCO2eRevenue: $M 1,255Scope 1 Intensity: 23.70 tCO2e/$MZZZEEKR Intelligent Technology HoldingYear: 2024Scope 1: 24,843 tCO2eRevenue: $M 1,460Scope 1 Intensity: 17.01 tCO2e/$MCCChaowei Power HoldingsYear: 2024Scope 1: 72,971 tCO2eRevenue: $M 7,544Scope 1 Intensity: 9.67 tCO2e/$MYadea Group HoldingsYear: 2024Scope 1: 6,091 tCO2eRevenue: $M 4,223Scope 1 Intensity: 1.44 tCO2e/$MHuizhou Desay SV AutomotiveYear: 2024Scope 1: 946 tCO2eRevenue: $M 3,784Scope 1 Intensity: 0.25 tCO2e/$MBBBAIC BlueParkYear: 2024Scope 1: 12,083 tCO2eRevenue: $M 1,988Scope 1 Intensity: 6.08 tCO2e/$MGGGreeYear: 2024Scope 1: 2,682,418 tCO2eRevenue: $M 26,039Scope 1 Intensity: 103.01 tCO2e/$MBYDYear: 2024Scope 1: 1,539,251 tCO2eRevenue: $M 106,480Scope 1 Intensity: 14.46 tCO2e/$MANTA Sports ProductsYear: 2024Scope 1: 7,580 tCO2eRevenue: $M 10,538Scope 1 Intensity: 0.72 tCO2e/$MZhejiang Leapmotor TechnologyYear: 2024Scope 1: 16,467 tCO2eRevenue: $M 4,811Scope 1 Intensity: 3.42 tCO2e/$MBAIC MotorYear: 2024Scope 1: 168,636 tCO2eRevenue: $M 28,800Scope 1 Intensity: 5.86 tCO2e/$MSAIC MotorYear: 2024Scope 1: 610,000 tCO2eRevenue: $M 85,993Scope 1 Intensity: 7.09 tCO2e/$MLLLotus TechnologyYear: 2024Scope 1: 634 tCO2eRevenue: $M 924Scope 1 Intensity: 0.69 tCO2e/$MGreat Wall MotorYear: 2024Scope 1: 152,034 tCO2eRevenue: $M 27,352Scope 1 Intensity: 5.56 tCO2e/$MChongqing Changan AutomobileYear: 2024Scope 1: 151,868 tCO2eRevenue: $M 21,887Scope 1 Intensity: 6.94 tCO2e/$MGuangzhou Automobile GroupYear: 2024Scope 1: 159,201 tCO2eRevenue: $M 14,769Scope 1 Intensity: 10.78 tCO2e/$MSeres GroupYear: 2024Scope 1: 88,690 tCO2eRevenue: $M 19,892Scope 1 Intensity: 4.46 tCO2e/$MLi AutoYear: 2024Scope 1: 64,500 tCO2eRevenue: $M 21,548Scope 1 Intensity: 2.99 tCO2e/$MWWWeichai PowerYear: 2024Scope 1: 232,673 tCO2eRevenue: $M 29,554Scope 1 Intensity: 7.87 tCO2e/$MXXXpengYear: 2024Scope 1: 27,873 tCO2eRevenue: $M 780Scope 1 Intensity: 35.73 tCO2e/$M

How does Xpeng's GHG emissions intensity compare to its peers?

In 2024, Xpeng reported a Scope 1 emissions intensity of 35.73 tCOâ‚‚e per millions USD. Compared to the peer group median of 6.51, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Xpeng rank on GHG emissions intensity within its industry?

In 2024, Xpeng ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Xpeng among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Xpeng's Total Carbon Footprint

In 2024, Xpeng reported a total carbon footprint of 3,137,603 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 28.34% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Xpeng's total carbon footprint was Scope 3 emissions, accounting for 94.74% of the company's total carbon footprint, followed by Scope 2 emissions at 4.37%.a

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