XPeng posts 14% month-on-month growth in Nov. 2022 deliveries

Shanghai (Gasgoo)- XPeng, a Guangzhou-based Chinese electric vehicle (EV) manufacturer, recorded monthly deliveries of 5,811 vehicles in Nov. 2022, including 1,546 flagship G9 SUVs, the company announced today.

According to the official data compiled by Gasgoo, XPeng's Nov. deliveries plunged 62.8% year on year, but grew 13.9% from the previous month.

For the first eleven months of 2022, XPeng delivered a total of 109,465 vehicles, representing a 33.2% year-on-year leap.

As of Nov. 2022, XPeng has cumulatively delivered nearly 250,000 vehicles.

XPeng G9; photo credit: XPeng

XPeng expects its deliveries to significantly increase in December 2022 as the G9's production ramp-up accelerates under normalized operating conditions.

The company revealed it will roll out three new models successively starting from the first quarter of 2023, in a bid to further improve XPeng’s product competitiveness.

XPeng said in the latest quarterly financial results that its revenue amounted to 6.82 billion yuan ($966.608 million) in the third quarter of 2022, jumping 19.3% over the same span of last year, while sliding 8.2% over the second quarter of this year.

The company's cash and cash equivalents, restricted cash, short-term investments and time deposits amounted to 40.12 billion yuan ($5.686 billion) as of Sept. 30, 2022, versus the 41.34 billion yuan ($5.859 billion) as of June 30, 2022.