XPeng Inc. (XPEV), a Chinese electric car manufacturer, has seen its stock rise more than 3% in morning trading on Monday after the firm said that vehicle deliveries in October climbed by more than 200% year-over-year.
- 10,138 vehicles delivered in October 2021, a 233% increase year-over-year
- 6,044 P7s delivered in October 2021, a 187% increase year-over-year
- 66,542 total vehicles delivered year-to-date, a 289% increase year-over-year (source)
From the beginning of 2021, the company delivered a total of 66,542 vehicles (45,271 belong to P7 deliveries). In 2020, the number of total units delivered was 27,041. Xpeng has proven itself worthy of these numbers, and we expect it to reach close to 90,000 units delivered total by the end of the year.
Xpeng showed great results delivering 10,138 electric vehicles in October, which compared to the October 2020 accounts to a 233% increase. A model with the highest result was Xpeng P7 at 6,044 vehicles delivered, a 187% increase year-over-year. In the first three quarters of the year, the XPeng P7 rose to become the world’s 19th best-selling plugin car, and 13th in October. It ranked 16th and 11th in full-electric vehicles, respectively.
Xpeng demonstrated strong results throughout this year. In the summer, their most popular sedan P7 achieved the highest safety score of 98.51%. What helped reach this number were 2 years of optimization with over 40,000 hours of tests, double hot-formed steel plates on the B-pillar and ultra-high-strength steel that accounts for 16% of the total body.
Our expectations for the Xpeng are remaining high, as we’ve seen what the Chinese brand is capable of. Stay tuned for more information.
