On December 1, Xpeng Motors released its November delivery data. According to the data, Xpeng Motors delivered a total of 20,041 new cars in November, a year-on-year increase of 245%, and the monthly delivery exceeded 20,000 for two consecutive months, setting a new high for monthly delivery. Among them, Xpeng G6 delivered 8,750 units. From January to November this year, Xpeng delivered 121486 vehicles, exceeding the cumulative delivery volume in 2022.
Since the beginning of this year, Xpeng Motors has maintained positive monthly delivery growth for 10 consecutive months, and in the sales composition in November, the market performance of Xpeng G6 has steadily improved. This also means that with the significant increase in the production capacity of Xpeng Motors, the delivery process of Xpeng G6 has been further accelerated, and there is still room for further improvement in subsequent sales.
Xpeng Motors currently sells five models, including three SUVs, the Xpeng G3, Xpeng G6 and Xpeng G9, and the Xpeng P5 and Xpeng P7 sedans.
In November, Xpeng Motors also had a lot of actions. On November 6, the Xpeng P7i 550 version was officially launched. The new car is available in two new versions, the 550 Pro and 550 Max, priced at 22 respectively390,000 yuan, 23990,000 yuan. In terms of configuration, the new car continues the consistent principle of "standard configuration is high configuration" of the Xpeng P7i car series, and the intelligent driving experience is still leading, the price is more affordable, and the battery life is solid and sufficient, which can meet the personalized and diversified car purchase needs of more users.
On November 15, Xpeng Motors released its financial report for the third quarter of 2023, with total revenue of 85 in the third quarter300 million yuan, an increase of 68 percent month-on-month5%；A total of 40,008 units were delivered, an increase of 72 month-on-month4%；In the fourth quarter of this year, Xpeng's total deliveries are expected to reach 59,500 to 63,500 units, and its total revenue is expected to reach 12.7 billion to 13.6 billion. Up to now, Xpeng has completed the delivery of 40,043 in the fourth quarter, which is in line with expectations.
On November 17, Xpeng X9 was officially unveiled at the Guangzhou Auto Show, and pre-sales were opened on the same day, with pre-sale **38Starting from 80,000 yuan, it is reported that Xpeng's first MPV, Xpeng X9, will be launched at the end of the year or early next year. Xpeng X9 is SEPA2Another blockbuster strategic product under the 0 Fuyao architecture, integrating Xpeng's latest intelligent driving technology, the whole system is equipped with rear-wheel steering as standard, creating the "strongest third row in history", and creating the "next generation of super intelligent driving big seven seats" with a new product experience of new categories. With the release of Xpeng X9, Xpeng Motors' fully intelligent driving product matrix has been further improved.
On November 28, Xpeng Motors announced a new version of the OTA — XMART OS 44.0 officially pushed to Xpeng G9, G6 and P7i users, becoming the first brand in the industry to fully open the mapless city navigation assisted driving function and covering more than 20 cities, and in 2023, XNGP will open 50 cities, and it is expected to cover the road network of major cities across the country in 2024.
Among the three in Wei Xiaoli, Xiaopeng Motors can be regarded as the most scientific and technological genes, and in terms of three-electric technology and intelligent driving, Xiaopeng Motors has obvious advantages. But judging from the sales volume in the first 11 months, the ideal of extended range is the best-selling, and the sales volume has exceeded 300,000;NIO also has 1420,000 sales;And Xpeng only has 12Sales of 10,000 units were not performing well.
Xpeng's sales target for this year is 200,000 units, and from January to November this year, Xpeng sold 121486 new cars, and the target completion rate is only 60%. Even if sales exploded in December, Xpeng Motors could not achieve its sales target. For the whole year of 2022, Xpeng Motors delivered a total of 120757 units, and Xpeng's sales in 2023 may increase slightly compared with 2022, but it is quite different from the rapid growth expected by the market. However, in terms of free cash flow and delivery, Xpeng Motors has improved dramatically, and is on track to achieve a positive cycle of rapid growth in the fourth quarter of 2024, driven by new products and technologies.