- In January-February, Xpeng delivered 60,803 vehicles, up 375.21 percent from 12,795 in the same period last year.
- Xpeng CEO said last month that the company was confident of seeing deliveries double in 2025 compared to last year.
Xpeng’s (NYSE: XPEV) deliveries stayed strong in February, despite the start of the year being a traditionally slow period for auto sales in China.
The company delivered 30,453 vehicles in February, up 570.03 percent from 4,545 in the same month last year, and essentially flat from 30,350 in January.
In January-February, Xpeng delivered 60,803 vehicles, up 375.21 percent from 12,795 in the same period last year.
By the end of February, Xpeng had delivered a cumulative 651,182 vehicles since its inception, data compiled by CnEVPost showed.
The strong deliveries at the beginning of the year were mainly due to the new models Mona M03 and P7+, two pure electric sedans.
Mona M03 deliveries continued to exceed 15,000 units in February, marking the third consecutive month of over the 15,000 mark in a single month.
The P7+ accumulated over 30,000 deliveries in its three months on the market, Xpeng said.
Xpeng officially launched the Mona M03 on August 27, 2024, offering three variants with starting prices of RMB 119,800 ($16,450), RMB 129,800 and RMB 155,800 respectively.
The sedan becomes the least expensive of Xpeng’s on-sale models, and is about half the price of Tesla‘s (NASDAQ: TSLA) Model 3 sedan.
Deliveries of the two less expensive variants of the Mona M03 began in August 2024.
On February 12, He Xiaopeng, Xpeng’s chairman and CEO, said the company would launch the Mona M03 Max in May with the industry’s top autonomous driving technology.
Xpeng’s other hot-selling model is the P7+, a mid-to-large-size electric sedan launched on November 7 last year with a starting price of RMB 186,800.
Mr. He said last month that the company was confident it would see deliveries double in 2025 from last year.
Xpeng delivered 190,068 vehicles in 2024, and the doubling means it was targeting 2025 deliveries of about 380,000 vehicles.
