XPeng sees July 2023 deliveries jump 28% MoM

Shanghai (Gasgoo)- In July 2023, the Guangzhou-headquartered electric vehicle maker XPeng delivered a total of 11,008 new vehicles, achieving a remarkable month-on-month growth of 28%, according to the company's sales results. This marks the sixth consecutive month of positive growth, propelling the company into a new milestone of delivering over 10,000 vehicles per month.

Compared to the 11,524 vehicles delivered in the same month of last month, XPeng stilled faced a 4.5% decrease.

XPeng G6; photo credit: XPeng

One of the contributing factors to this month-on-month success is the immediate delivery of the XPeng G6 upon its market launch. From mid-July to the end of July, the G6 SUV model has been delivered on a significant scale in 110 cities across the country, with over 3,900 units delivered in July alone. The strong demand for the G6 model has also led to a substantial increase in customer footfall at XPeng stores, further igniting consumer interest in other models under the XPeng brand and its advanced intelligent technologies.

In response to the surging demand for the G6 model, XPeng said it is actively working to ramp up its production capacity. The company's factory is operating at full capacity, and specialized logistics have been enhanced to ensure swift vehicle delivery to customers. XPeng is committed to accelerating vehicle deliveries to its loyal customers.

On July 26, XPeng announced a long-term strategic partnership with Volkswagen Group. In terms of strategic technical collaboration, the duo will leverage their respective strengths to jointly develop two B-segment electric vehicle models under the Volkswagen brand, based on XPeng's platform where the G9 model rides on, intelligent cockpit, and advanced driver assistance system software.

As part of this partnership, XPeng will issue approximately 7 million USD worth of Class A common stock to Volkswagen Group at a price of 15 USD per ADS to represent around 4.99% of outstanding shares after the transaction completion.