XPeng Electric Car Sales Decreased In September 2022

XPeng electrical automotive gross sales surprisingly decreased in September, after a protracted interval of uninterrupted development – even throughout Chinese language lockdowns.

Final month, XPeng delivered 8,468 electrical vehicles, which is nineteen% lower than a 12 months in the past, and simply over half of what the corporate achieved in peak months (15,000-16,000).

The overwhelming majority of XPeng gross sales are in China.

The lower was famous although the corporate launched its fourth mannequin – the XPeng G9 flagship SUV. Within the first a number of days (since September 21), 184 G8s had been delivered to prospects.

The primary concern is that the high-volume XPeng P7 was down 38%, whereas the G3 was down 54%. The brand new P5 was not in a position to offset these drops.

Within the third quarter, XPeng bought 29,570 vehicles (up 15% year-over-year). Solely time will inform whether or not XPeng will have the ability to rebound in This autumn.

Xpeng gross sales final month:

Xpeng P7: 4,634 (down 38% year-over-year)
XPeng P5: 2,417 (up 891% year-over-year)
Xpeng G3/G3i: 1,233 (down 54% year-over-year)
XPeng G9: 182 (new)
Whole: 8,468 (down 19% year-over-year)

To this point this 12 months, XPeng automotive gross sales exceeded 98,000 models.

Xpeng P7: 52,186 (up 33% year-over-year)
Xpeng P5: 32,037 (new)
Xpeng G3/G3i: 14,146 (down 17% year-over-year)
XPeng G9: 184 (new)
Whole: 98,553 (up 75% year-over-year)

Cumulatively, XPeng has bought about 240,000 electrical vehicles (200,000th automotive has been delivered to prospects in June), together with over 140,000 inside the previous 12 months.

In addition to gross sales, XPeng highlights a number of different milestones reached in September:

launch of the XPeng’s Metropolis NGP (Navigation Guided Pilot) in a Guangzhou-based pilot program. The system is described as “China’s most superior ADAS for city driving.”
launch of the primary 480 kW DC quick chargers (S4) in China: together with in Beijing, Shanghai, Shenzhen, Guangzhou and Wuhan. By the tip of this 12 months, greater than 50 S4 chargers to be deployed, however at present solely G9 can benefit from the elevated energy output.

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