Industry dynamics

Xpeng delivers record 20,041 vehicles in Nov, largely flat from Oct

Publishtime:1970-01-01 08:00:00 Views:24

Xpeng's year-to-date deliveries reached 121,486 units, up 10.98 percent year-on-year, surpassing last year's full-year deliveries.

Xpeng launched the G6 in China on June 29 and volume deliveries began on July 10. Cumulative deliveries of the G6 stood at 36,872 units by the end of November, data monitored by CnEVPost show.

Xpeng saw its 10th sequential increase in deliveries in November, bringing year-to-date deliveries to 121,486 units, up 10.98 percent year-on-year and surpassing last year's full-year deliveries of 120,757 units.

By the end of November, Xpeng's cumulative deliveries since inception stood at 380,196 units, data monitored by CnEVPost show.

Xpeng guided for fourth-quarter deliveries of between 59,500 and 63,500 vehicles when it reported third-quarter earnings on November 15, implying year-on-year growth of about 101.2 percent to 114.7 percent.

That guidance meant Xpeng is on track to deliver between 19,457 and 23,457 vehicles in December.

The company previously guided fourth-quarter revenue to be between RMB 12.7 billion and RMB 13.6 billion, representing year-on-year growth of about 86.1 percent to 99.3 percent.

Xpeng's guidance for the fourth quarter includes consideration of realities, including competition, and is confident that it will meet that guidance, its management said on its third-quarter earnings call.

Xpeng will have more than 100 new dealer stores in the fourth quarter of this year, bringing the total number of stores to more than 500.

Xpeng is confident that the new dealer stores will bring significant sales growth in the first and second quarters of next year, as the new stores become more mature, its management said in the call.

Xpeng officially unveiled its first MPV (Multi-Purpose Vehicle) model, the X9, at last month's Guangzhou auto show, and has begun pre-sales with a starting price of RMB 388,000 yuan.

Xpeng expects the X9 to become the No. 1 seller in the large pure-electric MPV market, the company's management said in the earnings call last month.

($1 = RMB 7.1408)

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