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

Monika From Gasgoo| December 01 , 2022 19:17 BJT

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.

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

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

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.

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