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Xpeng P7’s first-month deliveries amount to 1,641 units after scale delivery starts

Monika From Gasgoo| August 04 , 2020

Shanghai (Gasgoo)- Chinese startup Xpeng Motors announced that the deliveries of its second mass-produced model, the Xpeng P7, amounted to 1,641 units in July, a record-breaking figure in terms of the first-month deliveries of single startup-made model immediately after the scale delivery kicks off.

Xpeng P7 deliveries, Xpeng P7 series C financing, China automotive news

(Xpeng P7, photo source: Xpeng Motors)

According to a press release, Xpeng Motors held the P7 scale delivery ceremony in Beijing, Shanghai, Zhaoqing and Chengdu on July 17.

On July 20, the startup announced the signing of its Series C+ financing of around $500 million with a group of investors including Aspex, Coatue, Hillhouse and Sequoia Capital China. The company said the funding round further enhances its commitment to serving the large and growing base of technology-savvy middle-class consumers in China by providing Smart EV experiences empowered by advanced technology.

Only half a month later, local media outlets reported that Xpeng Motor has reportedly raised $300 million in a new round of financing that is led by Chinese e-commerce giant Alibaba Group and involves Qatar Investment Authority. However, the EV manufacturer declined to comment over the report.

Xpeng Motors said in May it has secured the production license for its self-built fully-owned manufacturing plant in Zhaoqing, Guangdong province, where the P7 BEVs are manufactured.

As of June 2020, the company has built 128 sales outlets in 63 cities and 65 service centers in 52 cities. Besides, it has signed up with nearly 200 supercharging stations located in 62 cities and has been given access to over 200,000 third-party charging piles so as to provide users with fast and efficient charging solutions.

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