XPeng’s continues strong momentum in October with EV deliveries up 233% Y/Y

XPeng  maintains strong momentum with monthly deliveries in October 2021 of 10,138 Smart EVs, representing an increase of 233% Y/Y and a 2.6% decline over last month.

The Company’s cumulative deliveries exceeded 100,000 as at the end of October 2021, reflecting its robust business momentum and customer recognition despite the semiconductor shortage.

Deliveries in October consisted of 6,044 P7s (+187% Y/Y), 3,657 G3 and G3i smart SUVs as well as 437 P5 smart family sedans which were officially launched on September 15.

YTD total vehicle deliveries reached 66,542, a rise of 289% Y/Y.

The Company continues to expand its supercharging facilities to address increasing customer demand and currently offers free supercharging services to customers at 1,648 stations in 221 cities across China.

Over the period of six months, the company shares rose ~53%.

Author: Meghavi Singh, Seeking Alpha

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