IT News from September 28th: On today (the 28th), 36Lumino Cars cited industry sources stating that not long ago, Xpeng Motors reorganized its product lines, merging the original four lines (F, D, I, G) into just two lines, G and D. The F and I lines have been incorporated into the G product line.

IT Note: Originally, the G product line was responsible for large-scale GX, G9L, etc., the F product line mainly focused on P-series sedans and other models, the D product line dealt with MONA series models, and the I product line was in charge of overseas products.

While integrating its product lines, Xpeng Motors also carried out a round of personnel adjustments. Industry insiders familiar with Xpeng reported that the former head of the F product line retains their previous position and is now responsible for defining the G product line. The former leader of the I product line has been reassigned to oversee Xpeng Motors' overseas affairs, although this does not include the sales of overseas models.

The report suggests that Xpeng's product lines are responsible for product definition and research and development. Now, Xpeng is consolidating four product lines into two, which will to some extent focus R&D resources more effectively, thereby driving cost reduction. It will also help to avoid competition in positioning and pricing among different products.

In the first quarter of this year, Xpeng launched the pure electric and extended-range versions of the P7, namely the P7 Plus, the P7 Super Extended Range Edition, and the P7 Pure Electric Edition. In May, they also introduced the pure electric and extended-range versions of the P5. At the same time, updated models of the P7, P9, and G3 have all been released to the market. Although the product lineup has expanded, Xpeng's sales volume has not seen a significant increase this year.

Xpeng Group's financial data for the first half of this year is as follows:

• Total operating revenue: 32.777 billion yuan, a year-on-year decrease of 3.8%
• Gross profit: 6.766 billion yuan, a year-on-year increase of 20.25%
• Gross profit margin: 20.6%, up 4.1 percentage points year-on-year
• Net profit attributable to the parent company: -3.121 billion yuan, with a year-on-year increase in losses of 173.35%
• Basic earnings per share: -1.63 yuan, year-on-year loss increased by 171.67%
• Diluted earnings per share: -1.63 yuan, year-on-year loss increased by 171.67%
• Debt-to-asset ratio: 73.41%