Xpeng reports 8, electric car deliveries in July, which is % more than a year ago and the second monthly record in a row.
It's a great achievement also because the company slightly exceeded NIO's sales volume (7,).
Xpeng offers two models - its original G3 crossover/SUV and the P7 sedan, which sold 40, units in over 13 months. Both models are experiencing consistently improving sales.
"P7 deliveries continued record-breaking momentum in July, reflecting the P7’s rising popularity among China’s tech-savvy consumers. In July , at its first-year anniversary of customer deliveries, total P7 deliveries reach 40, since the launch. The P7’s Navigation Guided Pilot (NGP) highway solutions continuously increase appeal to a wider customer base, underpinning the Company’s commitment to technology innovation."
Here's by how much Xpeng's two model sales have improved:
- Xpeng P7: 6, (up % year-over-year)
- Xpeng G3: 1, (up % year-over-year)
- Total: 8, (up % year-over-year)
So far this year, sales exceeded 38,
- Xpeng P7: 25,
- Xpeng G3: 13,
- Total: 38, (up % year-over-year)
After introducing the lithium iron phosphate (LFP) battery options for both, G3 and P7, Xpeng will soon refresh the G3 with a new G3i mid-phase facelift version. Customer deliveries will start in September
Even a bigger impact is expected from the upcoming all-new Xpeng P5, which will enter the market in the fourth quarter of this year.
"Also in July, XPeng announced the presale price range of RMB, – RMB, (post subsidies) for its third production model, the P5 family-friendly smart sedan. Being the world’s first mass-produced Smart EV equipped with auto-grade LiDAR technology, the P5 is already generating an enthusiastic response from consumers in the presale phase. The Company plans to launch the P5 in the third quarter with deliveries expected in the fourth quarter "
To prepare for the following stages of growth, Xpeng recently announced that its third manufacturing base is now under construction:
Xpeng announces sales increase but remains in the red
The Chinese electric car manufacturer Xpeng has presented its business figures for the first quarter of Sales and turnover increased significantly compared to the same quarter last year. However, the electric car start-up is still in the red.
Specifically, Xpeng delivered 13, vehicles from January to March, per cent more than in the same quarter last year and per cent more in the fourth quarter of The increase in sales compared to Q1 was to be expected, as a second model, the P7 sedan, has been delivered since the end of June , while previously there was only one compact electric SUV from the brand, the G3. Complicating matters was the generally slower-growing vehicle market and the semiconductor shortage, which is why founder and CEO He Xiaopeng is very pleased with the start to this year.
The companys total revenue in Q1 was billion yuan (€ million), up per cent year-on-year (up per cent from Q4 ). Again, this comes on top of significantly increased sales following the launch of the P7. The e-saloon is also sold at a higher price than the G3.
Xpeng continues to be in the red: The loss in the first quarter of was million yuan (98 million euros), compared to million yuan (83 million euros) in the same period of and million yuan ( million euros) in the fourth quarter of
According to Xpeng, however, the net loss is mainly due to investments for example, the slightly smaller P5 electric sedan (the first production model with lidar sensors, according to Xpeng), the expansion of the Chinese sales network or the planned expansion. The vehicle margin, which represents gross profit from vehicle sales as a percentage of revenue from vehicle sales, is now said to be per cent. A year ago it was per cent, and in the lock quarter it was per cent.
Also important in sales is software. Notably, since releasing OTA updates for XPILOT in late January, we are now recognizing revenues from our proprietary XPILOT software, says He Xiaopeng. As we continue to grow with rapid technology iterations powered by our full-stack in-house R&D capabilities and strong closed-loop data capabilities, I believe that XPILOT’s software monetization will become recurring revenues as part of the revenues from our vehicle sales.
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Xpeng reports 6, electric car deliveries in June, which is % more than a year ago (from a low base of ) and the best monthly result ever.
The Chinese manufacturer significantly expanded sales of both of its models the G3 and P7, partially thanks to the introduction of the lithium iron phosphate (LFP) battery options.
The P7 specifically, has reached a new monthly record of 4,, which is pretty good, especially in the highly competitive Chinese market.
"P7 deliveries continued record-breaking growth in June, reflecting the P7’s rising popularity among China’s tech-savvy consumers. Since mid, 34, P7s have been delivered. The P7’s Navigation Guided Pilot (NGP) highway solutions are attracting wide customer appeal, reinforcing the Company’s commitment to technology innovation."
Xpeng offers two models, the P7 and G3:
So far this year, sales reached 30, (up % year-over-year):
- Xpeng P7: 19,
- Xpeng G3: 11,
- Total: 30, (up % year-over-year)
The near-term plan include the launch of the G3i model, which is the new mid-phase facelift version of G3 crossover/SUV. It will enter the market in July and customer deliveries will start in September.
The all-new P5 model will enter the market in Q3 (customer deliveries to start in the Q4 ). It gives a chance for Xpeng to exceed 10, units a month within several months.
"XPeng also plans to launch its third production model, the P5 family-friendly smart sedan, in the third quarter with deliveries expected in the fourth quarter Upon delivery, the P5 will be the world’s first mass-produced Smart EV equipped with auto-grade LiDAR technology."
The Xpeng P7 Achieves 20, Sales Quicker Than Any Other Vehicle From A Chinese EV Startup
Xpeng isnt seeing blockbuster electric vehicle sales yet, but its first model just hit the market slightly more than two years ago and the company was formed approximately 7 years ago, so it would be hard to expect ,+ annual sales so quickly. That said, it has left the starting line quickly and already has a few records to its name.
One of those record firsts was just reached. The companys P7 electric sedan reached 20, cumulative sales thanks to 1, deliveries in February. Being a little more than a year old, thats the quickest that a car from a Chinese EV startup has reached 20, cumulative sales.
Xpeng had 2, vehicle deliveries in February and 6, in January, which came to a % increase over the first two months of
The big news this week from the company, though, is that the company is starting to put lithium iron phosphate (LFP) batteries in its cars for the Chinese market. (You may recall that Tesla also shifted to LFP batteries for the base version of its Model 3 in China.) Deliveries of the LFP-packed Xpeng G3 will start in April of this year, , and deliveries of the LFP-packed Xpeng P7 will start in May.
The P7 and G3 were amazing offerings before, in my opinion, and this makes them even more competitive. Their driving range and tech seem like theyd result in much higher starting prices. As noted earlier this week, the G3 electric crossover now starts at just , yuan ($27,) before subsidies (or , yuan/$23, after subsidies). That model has km ( miles) of range (perhaps km or miles in the real world), according to the NEDC rating system. The Xpeng P7 costs , yuan ($35,) after subsidies and an NEDC-rated range of km ( miles) — perhaps km ( miles) in the real world. That base model also comes with the XPILOT + semi-autonomous driving suite (higher trims come with XPILOT ). The higher trim P7, meanwhile, offers km ( miles) of range on a full charge according to the NEDC system — perhaps km ( miles) in the real world.
The new versions will effectively expand the P7’s driving range spectrum to +km NEDC from the current +km, Xpeng notes.
This is the autonomy-related hardware in an Xpeng P7:
- 14 cameras
- 5 millimeter-wave radars
- 12 ultrasonic sensors
- NVIDIA Xavier system-on-the-chip computing platform
- Bosch iBooster brake system
Heres a table Xpeng provided of the new RWD Standard Range P7 versus the existing RWD Long Range P7:
Related: Why Did 70, People Buy NIO & Xpeng EVs Instead Of Teslas In China Last Year?
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XPENG, Xpeng G3, Xpeng P7
Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.
Sales numbers xpeng
Xpeng Auto China Sales Figures
XPeng Motors (formerly known as Xiaopeng Motors) was established in as an R&D company and the brand started sales of its first electric car in Production has been outsourced to Haima Auto, a small domestic automaker, which saves the massive investment in production capacity.
The brands mission statement says it is focused on local needs and the consumer experience, while also integrating autonomous driving and internet electronic technologies, our vehicles are greater than the sum of their parts. XPENG is not only dedicated to serving every family with technology, but also to becoming a companion that truly understands you. In late , Chinese e-commerce giant Alibaba Group Holding and Foxconn Technology Group invested 2,2 billion yuan (US$ million) in XPeng motors, bringing the total investment into the company to 5 billion yuan.
Sales figures for the Xpeng G3 EV. Car sales statistics from China only include domestic production and exclude imported models.
Monthly Vehicle Sales
Annual Vehicle Sales
Annual Vehicle Sales Chart
Market Share Chart
Sources: Manufacturers, Chooseauto.
China continues to grow its EV presence as automakers (and Tesla competitors) NIO and Xiaopeng Motors (XPeng) have reported delivery records for June, as well as Q2 of This is a continued trend for the Chinese automakers, who have both seen tremendous month-over-month growth and even more growth year-over-year.
NIO ($NIO) is a publicly traded automaker founded in and based in Shanghai. The company actually debuted its first EV, the EP9 two-seat sports car, the day its brand was established. NIO then quickly solidified itself as a leading brand for electric SUVs with its ES8, ES6, and EC6 offerings.
The Chinese automaker announced the launch of its first luxury sedan, the ET7, last January to compete with other EVs like the Tesla Model S. This past May, NIO announced it will be expanding outside of China, beginning with sales in Norway. Most recently, the company announced it had been approved for mass production of its ES8 SUV throughout Europe.
Like NIO, XPeng Motors ($XPEV) was also founded in and is headquartered south in Guangzhou. XPeng went public last summer on the New York Stock Exchange (NYSE), raising $ billion. Since , the company has launched two EVs — the G3 SUV, followed by the P7 sedan in
XPeng recently announced pre-orders for a new sedan model called the P5 at this years Shanghai Auto Show. Also, if NIOs move overseas to Norway sounds familiar, its because XPeng did the same thing last year.
While both NIO and XPeng have been developing EVs in China for about the same amount of time, their approaches have been different, amounting to different levels of success. However, with recent delivery announcements from the automakers, both NIO and XPeng are growing, and growing quickly.
NIO reports record deliveries, besting XPeng
In a press release from NIO today, the automaker reported that it delivered 8, vehicles last month, representing % growth compared to June of
The 8,+ deliveries in June is also a 20% increase compared to this past May, when NIO reported 6, deliveries. Heres how the deliveries broke down for June: 1, ES8s, 3, ES6s, and 2, EC6s.
For the second quarter of , NIO reports that it delivered 21, vehicles, a new quarterly record representing an increase of % year-over-year. As of June 30, , NIOs cumulative deliveries of its three available EVs have reached ,
XPeng reports less deliveries, but larger growth
As a competitor with fewer EV offerings on the market compared to NIO, XPeng is gaining ground, especially in terms of overall growth. In its press release today, XPeng reported its highest-ever monthly deliveries for June, totaling 6, EVs.
This number is a whopping % increase compared to June deliveries in and a 15% increase compared to reported deliveries last month. This months deliveries consisted of 4, P7s and 1, G3s.
Much like NIO, XPeng also saw a record for Q2 , totaling 17, deliveries and marking a % increase year-over-year. As of June 30, , XPengs cumulative deliveries have reached 30, units for the year. This is a % increase compared to this point in
Comparing both automakers
As you can see from the numbers above, both XPeng and NIO are continuing to grow and are on pace for record-setting years in deliveries. NIO delivered about 1, more EVs than XPeng in June, which doesnt seem like a huge margin, but year-to-date deliveries are more telling. NIO has already delivered almost 4x as many EVs as Xpeng in so far.
Dont count XPeng out yet, though. While NIO is winning in sheer number of deliveries, XPeng is growing at a much faster rate this year. For June alone, NIOs % growth compared to is utterly eclipsed by XPengs % jump during the same timeframe.
Year-over-year comparisons for Q2 tell a similar story. While NIO saw an impressive delivery increase of about % for Q2 compared to , XPeng quadrupled that percentage with a % increase.
The real tell of this data is that EV adoption in China continues to grow and is doing so quickly. Automakers like NIO and XPeng are clearly at the forefront of this paradigm shift and will continue to reap the benefits as they share the EV market pie with Tesla.
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