Year-on-year increase of 342% Xiaopeng delivered 4224 cars in November

SMM: December 1, Xiaopeng announced the latest sales results. Data show that Xiaopeng delivered 4224 vehicles in November, an increase of 342 per cent year-on-year and a record monthly sales this year. From January to November, a total of 21341 new cars were delivered, an increase of 87 per cent over the same period last year.

At present, there are two Xiaopeng models on sale, of which the Xiaopeng P7, with a guide price of 22.99-409900 yuan, delivered 2732 in November, an increase of 30% over October. Since the start of delivery at the end of June this year, the car has sold a total of 11371 vehicles, setting a record for single-model delivery of the new power brand. The Xiaopeng G3, with a guide price of 14.68-199800 yuan, is the brand's first production model, with 1492 vehicles delivered in November, up 59 percent from October.

Although it is a new car company, Xiaopeng Motor is gradually improving and implementing various layouts. In terms of channels, as of September 30 this year, Xiaopeng has 116 sales outlets and 50 service outlets, covering 58 cities across the country; in addition, Xiaopeng's supercharging stations have operated 135, covering 50 cities.

In terms of new cars, Xiaopeng launched Xiaopeng's P7 flagship new product-Peng wing version at the Guangzhou Auto Show. The biggest highlight of the new car is the use of scissors door design on the basis of the P7. A total of two models have been launched, with a subsidised price range of 36.69 yuan to 409900 yuan, and it has been officially announced that delivery will begin in March 2021.

Editor's comments:

At present, the stock market performance of the new forces of car building is more eye-catching than their sales. Xiaopeng Motor is the third Chinese start-up to enter the US stock market after Weilai and ideal, compared with the listing price of US $15 on August 27th. By the close of trading on November 30, Xiaopeng's share price had reached 58.76 US dollars per share, nearly four times the offering price. The improvement in Xiaopeng's stock market is also due to its performance. Xiaopeng's third-quarter results released in mid-November showed that Xiaopeng had achieved a positive gross profit margin for the first time in the third quarter, and car revenue in the quarter was 1.898 billion yuan, up 376% from a year earlier.

Now Xiaopeng has been among the top three of the new car-building forces together with Weilai and ideal, and all three are developing in a positive direction. However, the competition pattern of the new power of car building is not yet stable, and it is too early to draw a conclusion on the current market performance. There are many new car companies in China, who do you think will have the last laugh?