In the first quarter, Xpeng delivered 21,821 vehicles, which was within the previously provided guidance range of 21,000-22,500 vehicles.

Xpeng (NYSE: XPEV) saw deliveries nearly double last month from February, with first-quarter deliveries hitting guidance.

The company delivered 9,026 vehicles in March, up 98.6 percent from 4,545 in February and up 28.91 percent from 7,002 a year ago, according to data it released today.

The X9 MPV (Multi-Purpose Vehicle), which was launched on January 1, delivered 3,946 units in March and has accumulated nearly 8,000 deliveries since its launch, according to the company.

During the first quarter, Xpeng delivered 21,821 vehicles, which was within the previously provided guidance range of 21,000-22,500 units. This represents a year-on-year increase of 19.70 percent, albeit a decrease of 63.73 percent from the fourth quarter of last year.

The company's XNGP (Xpeng navigation guided pilot) feature reached 82 percent monthly active user penetration in urban driving scenarios, it said, adding that the unlimited XNGP feature was further rolled out to a wider group of experienced ADAS users in China.

Xpeng plans to unveil its new brand at the Beijing auto show later this month, showcasing smart driving in the era of AI-defined mobility, it said.

Speaking at the China EV100 Forum in Beijing on March 16, He Xiaopeng, Xpeng's chairman and CEO, said the company would launch a new brand targeting the market priced at between RMB 100,000 ($13,830) and RMB 150,000 yuan.

Xpeng will bring its high-level intelligent driving and even future autonomous driving capabilities to the new brand and be able to make a profit, he said at the time.

The company will be the first carmaker in China to bring the high-level intelligent driving capabilities to the RMB100,000-150,000 A-class market, Mr. He said in that speech.

He shared an image in the speech showing that the new brand's first model will be a sedan.

($1 = RMB 7.2305)

Xpeng extends promotion for G9 with bigger incentives