- Xpeng's November deliveries remained near record highs despite a month-on-month decline.
- Xpeng delivered 39,773 vehicles overseas from January to November, marking a 95 percent year-on-year increase.
Xpeng (NYSE: XPEV, HKG: 9868) maintained near-record delivery levels last month despite a month-on-month decline.
The electric vehicle (EV) maker delivered 36,728 vehicles in November, marking an 18.88 percent year-on-year increase but a 12.58 percent decrease from October, according to data released today.
From January to November, Xpeng delivered 391,937 vehicles, a 155.54 percent increase year-on-year.
The company delivered 39,773 vehicles in overseas markets during the January-November period, a 95 percent year-on-year increase, Xpeng said.
By the end of November, Xpeng's cumulative deliveries since inception reached 982,316 vehicles, nearing the one-million milestone.
Xpeng announced on November 21 that it had reached the milestone of its one-millionth vehicle rolling off the production line, just 14 months after its 500,000th vehicle.
The company launched the extended-range version of its X9 MPV (multi-purpose vehicle) on November 20, with a starting price of RMB 309,800 ($43,560), significantly lower than the pre-sales price and that of the X9 battery electric vehicle (BEV).
Last week, a local media outlet reported that Xpeng issued a memo to its suppliers requesting additional materials for 5,000 X9 extended-range electric vehicles (EREVs) by year-end.
The move aimed to address robust order demand following the X9 EREV's launch and ensure delivery schedules remain unaffected, local media outlet Wallstreetcn cited a supply chain source as saying.
Xpeng posted a non-GAAP net loss of RMB 150 million in the third quarter, nearing breakeven, according to its November 17 earnings report.
The company aims to achieve its first quarterly profit in the fourth quarter.
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