XPeng Sees 171% Progress in 4th Quarter

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XPeng isn’t any BYD or Tesla — it’s distant from the almost 2 million BEV gross sales these corporations reached in 2023. Nonetheless, it continues to develop strongly and may actually dream about reaching the massive 1 million BEVs a yr milestone sooner or later. By way of 2023, XPeng noticed its gross sales rise to 141,601 models. That’s a 17% enhance yr over yr.

Nonetheless, the far more thrilling and spectacular information is that XPeng’s This autumn gross sales have been up 171% in comparison with This autumn 2022. The corporate scored 60,158 deliveries within the 4th quarter, almost half of XPeng’s deliveries all yr! Unsurprisingly, that set a brand new quarterly gross sales file for XPeng. If XPeng may do barely higher than that by means of 2024 (an enormous if), it may even attain 200,000 gross sales a yr.

In December, XPeng landed 20,115 gross sales. That’s 78% greater than in December 2022 and set a brand new month-to-month file for the corporate.

One other milestone for the corporate is that it handed 400,000 cumulative gross sales in December, reaching 400,311 in whole.

Going again to January 2020, let’s have a gander at how the corporate has progressed sales-wise.

Wanting first at this annual gross sales chart, it appears to be like like a reasonably regular and powerful rise in gross sales for the corporate, however with the largest bounce being from 2020 (influenced closely by COVID) to 2021. After that, it’s nearly like a diagram of a staircase. Moving into extra element and looking out on the quarterly gross sales chart, issues are a bit extra sophisticated.

As you possibly can see, XPeng truly had fairly a dip by means of 2022, and nonetheless in early 2023, however then the XPeng G6 arrived and gross sales shot up. Plainly the Tesla Mannequin Y competitor is carrying the corporate for the time being. Let’s see how far that goes, and in addition how a lot future fashions assist increase gross sales.

Taking an much more detailed take a look at the corporate’s historical past by analyzing the month-to-month gross sales pattern of the previous three years, we once more see that dip and rise — with the anomaly of December 2022 within the center — and we additionally see that gross sales have been extraordinarily regular within the final 3 months of 2023. That appears to point stable continued demand for XPeng’s automobiles, however we’ll must see the information in coming months for a extra definitive assertion on that. Additionally, it might be extra inspiring to see a extra upward trajectory on the finish of the yr. Nonetheless, at 20,000 gross sales a month, XPeng would rise to 240,000 gross sales a yr. That may be one thing! That’s nonetheless not near Tesla’s or BYD’s degree. Tesla was properly above that even again in late 2018, dropping to twenty,000 models a month within the 1st quarter of 2019 briefly after which by no means wanting again. However you’ve obtained to begin someplace and develop in phases. In my humble opinion, XPeng has all of the elements wanted to see larger and larger development within the coming months and years — nice tech, nice designs, an awesome fame, a sexy increasing product lineup, and a superb base of homeowners who can promote XPeng’s automobiles by way of constructive phrase of mouth. We’ll see!

Get pleasure from interactive variations of the charts above right here: