XPENG's full-year deliveries in 2024 leap 34% year over year

Published: Jan 1, 2025 19:32

Source: gasgoo

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XPENG's annual deliveries in 2024 reached 190,068 units, a 34% increase over the prior year.

Shanghai (Gasgoo)- On the first day of 2025, Chinese smart electric vehicle maker XPeng Inc. ("XPENG" or the "Company") announced its latest delivery performance, marking a record-breaking monthly delivery volume for the fourth consecutive month.

In December 2024, XPENG delivered 36,695 vehicles, an 82% year-on-year surge and a 19% month-on-month growth. The XPENG MONA M03 model accounted for over 15,000 units, while the XPENG P7+ recorded deliveries of more than 10,000 units.

For the fourth quarter (Q4) of 2024, XPENG achieved a record quarterly delivery of 91,507 vehicles, exceeding the upper limit of its Q4 delivery guidance.

XPENG's annual deliveries in 2024 reached 190,068 units, a 34% increase over the prior year.

The MONA M03 model continued its robust growth in December, logged deliveries of over 15,000 units, marking the fourth straight month of deliveries exceeding 10,000 units. Just four months after its market launch, the 50,000th MONA M03 rolled off the production line in December, setting a new record as XPENG's fastest production rollout. XPENG said its factory has significantly accelerated production capabilities, now capable of rolling out one MONA M03 car every 72 seconds.

The Company also delivered over 10,000 units of the XPENG P7+ in December. The month saw the second major over-the-air (OTA) update for the P7+ model, with the XPENG XOS 5.5.0 entering public testing. This update introduced a groundbreaking "car-to-parking" software feature with seamless, high-capability full-scene functionality. This OTA marked XPENG's 373rd OTA update for 2024.

As for overseas business expansion, XPENG achieved a significant milestone in December, delivering its 10,000th vehicle in Europe, specifically in Ebersberg, Germany. The Company also opened its first flagship store in Australia and began large-scale shipments of the XPENG G6 to the Australian market.

On January 1, 2025, XPENG celebrated the one-year anniversary for the market launch of its high-end all-electric MPV, the XPENG X9. The model has achieved cumulative sales of 21,642 units, with 12 OTA updates rolled out throughout the year of 2024.

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