Industry dynamics

Xpeng delivers 11,292 units in Dec, up 94% from Nov

Publishtime:1970-01-01 08:00:00 Views:22

Xpeng G9 delivered 4,020 units in December, up 160 percent from November, the first time it exceeded 4,000 units.

Xpeng (NYSE: XPEV) deliveries returned to more than 10,000 units in December after it performed weakly in the second half of 2022.

Xpeng delivered 11,292 units in December, the highest since July 2022, figures released today show.

That's down 29.43 percent from 16,000 units a year ago, but up 94.32 percent from 5,811 units in November.

Xpeng's flagship SUV, the G9, delivered 4,020 units in December, up 160 percent from November and the first time it exceeded 4,000 units.

The company delivered 22,204 units in the fourth quarter, down 46.82 percent from 41,751 units in the same period last year and down 24.91 percent from 29,570 units in the third quarter.

Xpeng provided fourth-quarter delivery guidance of 20,000 to 21,000 vehicles and fourth-quarter revenue guidance of RMB 4.8 billion to RMB 5.1 billion when it announced its third-quarter earnings on November 30.

Xpeng delivered 120,757 units in 2022, up 23 percent from 98,155 units in 2021.

As of December 31, 2022, Xpeng's cumulative deliveries since inception reached 258,710 units.

Xpeng currently operates more than 1,000 of its own charging stations, including more than 800 supercharging and 480kW ultra-fast charging stations and more than 200 destination stations.

2022 was a challenging year for Xpeng, with demand issues and confusion over the initial launch of the G9 causing headaches for the company.

Xpeng plans to launch three new models in 2023: a facelift of the hot-selling sedan P7, an SUV with the internal code name F30 and an MPV with the internal code name H93.

The three models will come from Xpeng's E, F and H platforms after its organizational restructuring in November, of which the facelifted P7 has already appeared on the regulatory filing list.

Internally codenamed F30, the coupe SUV from the F platform is related to the company's flagship SUV, the G9, like Porsche's Macan and Cayenne, local media outlet Jiemian said in a report last month, citing people familiar with the matter.

MPVs are another segment sought after by Chinese automakers in 2022, a market that sells around 1 million units a year, the report said.

Xpeng chairman and CEO He Xiaopeng believes the electric vehicle market will grow at a slower pace in 2023 than in 2022, but the era that truly belongs to smart cars will come in the second half of 2023 and gradually expand, Jiemian's report said.

Xpeng will use these three platforms as the basis to enrich its product matrix and enhance product competitiveness in 2023, the report said.