Chinese EV maker XPeng sells more than 10,000 units in October 2021

Chinese EV maker XPeng sells more than 10,000 units in October 2021

XPeng Motors, a Chinese electric vehicle manufacturer headquartered in Guangzhou and listed on the New York Stock Exchange (NYSE), successfully maintained its monthly electric vehicle (EV) sales volume at more than 10,000 units in October 2021.

According to sales figures released by the Chinese manufacturer, it delivered a total of 10,138 units of EVs to customers in October this year. The figure represents a growth of 233 per cent year-over-year. It also reached a near-record result of 10,412 units recorded in the month of September this year. Thus, October marked the second the second month in a row when the company sold more than 10,000 electric vehicles in its home country.

It undoubtedly could be a new sales record, but the manufacturer could not break the previous monthly record due to shortage of semiconductor chips – especially for new electric models like the XPeng P5 electric compact sedan. However, analysts are optimistic that shortage of auto parts or components is only a temporary problem. Thus, XPeng will likely not take a long time to create new sales record.

Market analysts noted that XPeng is leading the Chinese EV startups even now, and it might continue to be the leader in the local market if it manages to ramp up sales of the P5e electric sedan. It is also worth-mentioning here that the XPeng G3 electric crossover has set its second best monthly record last month.

When it comes to models, Xpeng sold 6,044 units of the Xpeng P7 in October, up 187 per cent from the corresponding month of 2020. The Xpeng G3/G3i and the XPeng P5 accounted for 3,657 units and 437 units in the month under review. While the Xpeng G3/G3i’s sales figure represents a growth of 291 per cent year-over-year, the figure of total sales (10,138 units) represents a jump of 233 per cent year-over-year.

Year to date (YTD), the company’s total sales exceeded 66,000 units. The Xpeng P7 attracted 45,271 buyers; while the Xpeng G3/G3i and Xpeng P5 accounted for 20,590 and 681 units, respectively. In total, the Chinese manufacturer sold 66,542 units of EVs, up 289 per cent year-over-year. Cumulative sales of the company exceeded 105,000 units. To further increase demand, XPeng is launching less expensive versions of its flagship P7 model.

Other top Chinese EV startups in October were NETA, Li Auto, WM Motor and NIO, which sold 8,107 units, 7,649 units, 5,025 units and 3,667 units, respectively.