Xpeng delivers 23,917 cars in Oct, 2nd consecutive record month

Xpeng continued to see strong deliveries last month, with the new Mona M03 model performing strongly.

The Chinese electric vehicle (EV) maker delivered 23,917 vehicles in Oct, its second consecutive record month, according to data it released today.

That's up 19.57% from 20,002 in the same period last year and up 12.01% from 21,352 in Sep.

In the Jan-Oct period, Xpeng delivered 122,478 vehicles, up 20.73% year-on-year.

Since its inception, the company has delivered a cumulative total of 522,789 vehicles, according to data compiled by CnEVPost.

In Oct, the Xpeng Mona M03 surpassed 10,000 deliveries for the second consecutive month, the company said, without mentioning a specific number.

The Mona M03 becomes the least expensive of Xpeng's models on sale, and is about half the price of the Tesla Model 3.

The model delivered 517 units in Sep and 10,023 in Oct, according to data compiled by CnEVPost.

On Nov 7, it will officially launch the new electric sedan P7+, and an event will begin at 7:30 pm Beijing time that day.

As is customary for Chinese EV makers launching new models, the P7+'s price will likely be lowered further when it goes on sale.

Hours after the model began accepting pre-orders, Xpeng announced on Weibo on Oct 14 that pre-orders for the P7+ had surpassed 30,000 units just 1 hour and 48 minutes after the pre-sales began.

In a research note sent to investors on Oct 16, Deutsche Bank analyst Bin Wang's team said monthly sales of the P7+ are expected to average 6,000 units, largely in line with the market's expectations of 5,000-7,000 units per month.