"With the capacity ramp-up and the debottlenecking of certain components' supply post-Chinese New Year, we will accelerate the delivery of the X9 in March," Xpeng said.
Xpeng's (NYSE: XPEV) deliveries continued to slide last month as the Chinese New Year holiday and upgrades at one of its factories took their toll.
The battery electric vehicle (BEV) maker delivered 4,545 vehicles in February, down 24.38 percent year-on-year and down 44.91 percent from January, according to data it released today.
Xpeng X9 delivered 1,448 units in February and nearly 4,000 units in the first two months of its launch, the company said.
The X9, Xpeng's MPV (Multi-Purpose Vehicle) model, has a starting price of RMB 359,800 ($49,980), making it the most expensive in Xpeng's product array.
The model was officially launched on January 1 and deliveries began in mid-January. The X9 delivered 2,478 units in January, according to data monitored by CnEVPost.
"With the capacity ramp-up and the debottlenecking of certain components' supply post-Chinese New Year, we will accelerate the delivery of the X9 in March," Xpeng said.
February 10-17 was the 2024 Chinese New Year holiday, which created a major disruption to car deliveries. The Chinese New Year holiday last year was January 21-27, 2023.
In addition to the holiday, upgrades at one of its plants may have also had an impact on deliveries.
Xpeng announced on January 26 that it started an upgrade project at its Zhaoqing plant in Guangdong province, which would last for about 20 days, with overall production line commissioning to be completed by the end of February.
The upgrade was aimed at preparing for the launch of new models and boosting plant capacity, Xpeng said at the time.
The plant, which is Xpeng's first, is located in Zhaoqing Hi-Tech Zone and went into production in May 2020. Its other plant is in Guangzhou, Guangdong province, where it is headquartered.
($1 = RMB 7.1989)
