Xpeng

Xpeng's November deliveries remained near record highs despite a month-on-month decline.

Xpeng donated HK$5 million and BYD donated HK$10 million to support relief efforts for the Tai Po fire in Hong Kong, which has already claimed dozens of lives.

Xpeng has sent a memo to its suppliers requesting materials for an additional 5,000 X9 EREVs by year-end, according to a local media report.

Xpeng saw its 1 millionth vehicle roll off the production line, 14 months after reaching the 500,000th unit.

The X9 EREV's starting price is RMB 309,800 ($43,550), significantly lower than its pre-sales price and the X9 BEV, signaling Xpeng's ambitions in the EREV market.

Xpeng aims to achieve breakeven in the fourth quarter.

Xpeng posted a net loss of RMB 380 million ($50 million) in the third quarter, its smallest since the third quarter of 2020.

Xpeng began pre-sales of the extended-range X9 MPV on November 6, with a starting price of RMB 350,000 ($49,300).

This marks the 14th consecutive month the Mona M03 has surpassed 10,000 monthly deliveries, contributing 39.09 percent to Xpeng's October volume.

At press time, Xpeng was up 15.11 percent in Hong Kong, with its market cap returning above HK$200 billion.