Xpeng hosted a dealer conference on September 2, which was attended by more than 150 dealers including people from more than 50 of China's top 100 dealer groups.
The electric vehicle (EV) maker's goal was to recruit dealers, and of the attendees, about 75 percent of the dealer groups had already applied to Xpeng for authorization to open stores.
To date, Xpeng has received a cumulative total of nearly 1,000 authorization applications. In September and October, the company expects to complete the review of more than 100 authorized stores and add 150 new authorized stores will be added during the year.
Xpeng launched its "Jupiter Plan" at the conference, hoping to attract large group dealers to its sales system, according to the report. Jupiter is the planet with the strongest gravity and most satellites in the solar system.
Xpeng president Wang Fengying said at the conference that the company's sales goal for the next three years is to reach 1 million vehicles. The report is slightly vague, but it should refer to annual sales of 1 million, as Xpeng sold 258,710 vehicles in the full year of 2022.
He Xiaopeng, Xpeng's chairman and CEO, said in April that a car company's ability to survive the next 10 years would be determined by whether it could reach 3 million annual sales.
As of early this year, Xpeng had 126 dealer stores and 294 directly operated stores. Next, it will shift to a more dealer-oriented model.