Xpeng has set a historical record for machine deliveries, but the company is suffering huge losses

More than 20,000 vehicles were shipped in November

Xpeng Motors said it delivered 20,041 new electric vehicles in November, an all-time record for the company. Sales were up 245% year over year and 0.2% month over month.

One of the key drivers of sales growth was the Xpeng G6, which demonstrated significant popularity among consumers, making a huge contribution to Xpeng’s sales.

This month, Xpeng shipped 8,750 units of the Xpeng G6, accounting for 44% of the company’s total sales. The total sales of Xpeng and Xpeng G6 remained almost the same as the previous month. Since launch, the cumulative shipments of Xpeng G6 have exceeded 36,000 units.

Xpeng has set a historical record for machine deliveries, but the company is suffering huge losses

Xpeng
Xpeng

Xpeng’s sales have started to improve in the past few months. The company reported total deliveries of 40,008 vehicles for the third quarter of 2023, up 35% from a year earlier. Additionally, the month-on-month growth for the third quarter was 72%.

Interestingly, in the first three quarters of this year, Xpeng lost $1.28 billion, with this loss increasing by 33% compared to the same period last year. Many consumers and investors have expressed concern about Xpeng’s prospects.

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