Deliveries of the G6 flattened, the G9 and P5 continued to grow last month, while the P7-series sedan slipped.
Xpeng (NYSE: XPEV) reported deliveries of 20,041 vehicles in November earlier this month, including 8,750 of the new SUV G6. The electric vehicle maker didn't provide deliveries for its other models, but they're available now.
Overall, deliveries of the G6 flattened, the G9 SUV and P5 sedan continued to grow last month, while the P7 series sedan slipped.
The G6 remained the highest delivered Xpeng model in November, essentially flat from October's 8,741 units.
The model contributed 43.66 percent of Xpeng's deliveries in November, flat from 43.70 percent in October.
Xpeng launched the G6 in China on June 29 and volume deliveries began on July 10. By the end of November, cumulative deliveries of the G6 since its launch amounted to 36,872 units.
Xpeng's flagship SUV, the G9, delivered a record 5,778 units in November, up 273.74 percent year-on-year and up 25.80 percent from 4,593 units in October, according to data from the China Passenger Car Association (CPCA) shared by local automotive media Yiche.
From January to November, 20,385 units of the G9 were delivered.
The G9 was initially launched in China on September 21, 2022, with deliveries starting a month later on October 27. Xpeng had high hopes for it at the time, but sales were weak after an initial increase at launch.
On September 19, Xpeng launched the 2024 G9, with a starting price that was RMB 46,000 ($6,400) lower than the old model, and deliveries began in late September.
The Xpeng P7 series, including the P7 and P7i, delivered 2,990 units in November, up 65.47 percent year-on-year but down 29.65 percent from 4,250 in October.
The sedan series contributed 14.92 percent of Xpeng deliveries in November, down from 21.25 percent in October.
In the January-November period, deliveries of the P7 series were down 26.73 percent to 41,100 units.
Xpeng launched the P7i on March 10 and began deliveries on March 26.
On November 6, Xpeng launched new variants of the P7i with lower-cost lithium iron phosphate (LFP) battery packs, bringing the starting price down by RMB 26,000 yuan.
On December 8, Xpeng announced additional limited-time discounts of up to RMB 26,000 for all P7i variants, bringing the starting price down to RMB 224,900 for the Max variant.
Xpeng's cheaper sedan, the P5, delivered 2,523 units in November, up 73.64 percent year-on-year and up 22.77 percent from October.
In the January-November period, P5 deliveries were down 48.08 percent to 18,251 units.
Xpeng launched the 2024 Xpeng P5 on September 25, eliminating the LiDAR option and bringing the model count down to just two.
The Xpeng G3 lineup, which includes the G3 and G3i, had 0 deliveries in November, the first time the model has had 0 deliveries since December 2018.
In the January-November period, the G3 series delivered 4,878 units, a decrease of 69.24 percent year-on-year.
Xpeng took an inventory write-down of RMB 230 million in the third quarter related to the G3i model, according to its financial report.
($1 = RMB 7.1865)
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