XPeng Motors has announced vehicle delivery results for October 2021, and it’s great news if you own XPEV stock.
The company delivered a total of 10,138 electric vehicles last month, a massive 233% increase year-over-year. Xpeng did not say how many of these deliveries were in China and how many in export markets such as Norway. October 2021 was the second month surpassing the 10,000-unit benchmark despite the semiconductor shortage.
The XPeng P7 sedan accounted for roughly 60% of deliveries with 6,044 units, a 187% increase year-over-year. The company also delivered 3,657 G3 and G3i SUVs, a monthly record since the G3’s launch in December 2018.
As for the P5 sedan launched in September 2021, XPeng delivered 435 units in October and says it has a solid order backlog for its newest model.
Gallery: XPeng P5 Extended Gallery
The year 2021 has been great for business so far for the Chinese company, with XPeng delivering a total of 66,542 vehicles as of October 31, representing a 289% increase year-over-year. Two in three XPeng vehicles were P7 sedans—45,271 units were delivered to customers. In October 2021, the company’s all-time deliveries exceeded 100,000.
The carmaker says it will continue to expand its supercharging facilities in China to address increasing customer demand. As of September 30, 2021, XPeng’s branded supercharging network currently includes 439 stations across 121 Chinese cities, spanning urban commuting thoroughfares and highways.
Overall, the company offers free supercharging services to customers at 1,648 stations in 221 cities across China.
With the recent launch of the P5, XPeng deliveries look set to grow at an even more rapid pace. In the first three days after the model's debut, the carmaker racked up 10,000 orders for the Tesla Model 3-sized electric sedan, which starts at just over $24,000 in China (after subsidies).
Built on the same platform as the G3 crossover, the XPeng P5 is roomier and even more technologically advanced than the sporty P7. It’s the world’s first production car to feature automotive-grade LiDAR and XPeng says its XPilot 3.5 self-driving tech is the most advanced in the world.