XPeng announces 133% Y/Y growth in June deliveries, +51% M/M
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- XPeng (NYSE:XPEV) announced June deliveries grew 133% Y/Y to 15,295 Smart EVs and +51% M/M.
- The company delivered 34,422 Smart EVs in Q2, +98% Y/Y and on YTD basis delivered 68,983 units, +124% Y/Y.
- June deliveries consisted of 8,045 P7s, the Company’s smart sports sedan, 5,598 P5 smart family sedans and 1,652 G3i and G3 smart compact SUVs.
- In mid-May, the company accelerated deliveries with resumed double-shift production at its Zhaoqing plant and in June it reached the milestone of 200,000 cumulative deliveries.
- In August, the company plans to begin accepting pre-orders for its new, flagship G9 SUV followed by an official launch in September. The Company also plans to release its new City Navigation Guided Pilot after obtaining relevant approvals.
- Shares up 1.4% PM, but lost around 37% on YTD basis.
- Peers, NIO (NIO) delivered 12,961 units in June 2022, +60.3% Y/Y and Li Auto (LI) delivered 13,024 Li ONEs in June 2022, +68.9% Y/Y.
- A quick look at XPeng's monthly sales trend:
