Xpeng expects the G6 to be one of the most popular and best-selling models in the Chinese NEV SUV market, with a price range of RMB 200,000 to RMB 300,000.
Xpeng's (NYSE: XPEV) deliveries appear to be continuing their slow recovery ahead of the arrival of the highly anticipated new SUV G6.
The electric vehicle (EV) maker delivered 7,506 vehicles in May, down 25.87 percent year-on-year but up 6.03 percent from April, the fourth month to see sequential growth.
In the January-May period, Xpeng delivered 32,815 vehicles, down 38.88 percent from the same period last year.
At the end of May, Xpeng's cumulative deliveries since inception stood at 291,525 vehicles, according to data monitored by CnEVPost.
Compared to the previous month, deliveries of the P7i saw a significant increase, Xpeng said, adding that the company will further accelerate deliveries of the P7i in June.
"Presale for the G6 Ultra Smart Coupe SUV begins on June 9, with display vehicles available at our stores," the company said.
Xpeng said it invited the media to test drive the G6 in May and that media feedback on the G6 highlighted the new model's clear advantages over other electric models in terms of ADAS capabilities and an 800V platform for fast charging.
The company expects the G6 to be one of the most popular and best-selling models in China's NEV SUV market, with a price range of RMB 200,000 ($28,130) million to RMB 300,000, it said.
Xpeng guided for second-quarter deliveries of 21,000 to 22,000 units when it reported first-quarter earnings on May 24.
Considering it delivered 14,585 vehicles in April and May, its deliveries in June are expected to be in the range of 6,415 to 7,415 units.
Xpeng officially launched the P7i in China on March 10, and began deliveries of the model on March 26.
However, the model appears to have encountered supply chain bottlenecks during the initial delivery period.
The supply chain bottleneck for the P7i was mainly the lack of battery and battery-related parts preparation. The ternary lithium battery capacity will be increased in May and June and will be able to meet the delivery demand of the ternary lithium battery version of the P7i, Xpeng management said in an earnings call on May 24.
Starting in June, Xpeng will work with its supplier partners to increase parts capacity for the P7i and accelerate its delivery, the company's management previously said.
For Xpeng, the upcoming G6 SUV will be crucial.
The company will start pre-sales of the G6 SUV, which is designed to compete with Tesla's (NASDAQ: TSLA) Model Y, on June 9.
The Xpeng G6 will go on sale in June, with scale deliveries starting in July, and production capacity will climb quickly, the company's management said in the first-quarter earnings call.
The G6 will be a hot seller in China's new energy SUV market priced in the RMB 200,000 to 300,000 range, and will enable Xpeng's total deliveries to grow well above the industry's pace in the third quarter, the company said.
($1 = RMB 7.1090)
Related posts on CnEVPost
