He also said that Xpeng's vision is to be the future of transportation explorer and that they will announce their thinking on a third transportation product later this year.

To date, the Xpeng P7 has covered a total of 300 million kilometers, the company said.

The Xpeng P7 rear-drive long-range version received a five-star rating with a score of 89.4 percent in the new 2021 round of China-New Car Assessment Programme (C-NCAP) reviews, according to an announcement made Monday.

The test results show that the car scored 64.825 points, or 92.61 percent, for occupant protection. Pedestrian protection scored 9.767, or 65.11 percent. The active safety evaluation score was 14.777, or 98.51 percent.

The model received a final overall score of 89.4 percent, earning it a five-star rating.

Xpeng fell 14.85 percent to $34.70 in the US on Tuesday, hitting a near two-month low.

The company's shares traded in Hong Kong fell more than 12 percent to HK$132.7 Wednesday at press time, a new low since its July 7 listing.