Car and City: H1 2021 registrations of XPeng models

Shanghai (Gasgoo)- For the first half of 2021 (H1), a total of 29,898 consumers in China bought insurance for XPeng's new vehicles, according to the China Banking and Insurance Regulatory Commission (CBIRC). In terms of H1 registrations of locally-made vehicles, XPeng ranked 12th among new energy vehicle (NEV) brands in the country.

In June, the Guangzhou-based startup attained its best-ever monthly insurance volume (6,627 units), achieving a 500.8% year-on-year hike.

There were 17,561 XPeng P7 sports sedans registered in the first six months. Notably, the monthly insurance volume of the P7 reached a new record high of 4,846 units and also topped 4,000 units for the first time.

The highest-ever figure showed the P7's rising popularity among China's tech-savvy consumers. “The P7's Navigation Guided Pilot highway solutions are attracting wide customer appeal, reinforcing the Company's commitment to technology innovation,” said XPeng.

With respect to regional distributions of the P7, Guangdong province's capital Guangzhou, where the startup is headquartered, ranked highest among cities in China with 2,819 P7s registered there in the Jan.-Jun. period. On the top 20 cities list by H1 registrations of the P7, Shenzhen, Dongguan, and Foshan are also located in Guangdong province. A total of six cities recorded semi-annual P7 registrations surpassing 1,000 units. Both Guangzhou and Shanghai registered more than 2,000 P7s.

The H1 registrations of the G3 SUV surged 103% from a year ago to 10,529 units. The monthly volume hit this year's highest level in April, and then dropped month-on-month for two straight months.

The city logging the largest H1 insurance volume of the G3 was Shanghai, rather than Guangzhou. However, Shanghai outperformed Guangzhou by only 66 units. There were also four cities with H1 G3 registrations topping 500 units, namely Shenzhen, Beijing, Zhengzhou, and Hangzhou. Notably, the top 20 cities by H1 G3 registrations all appeared on the top 20 cities list for the P7.