Written by Cláudio Afonso | LinkedIn | X
The Guangzhou-based manufacturer XPeng announced on Monday that it delivered 10,668 electric vehicles in June, representing a 24 percent increase year-over-year.
Despite not providing the breakdown of monthly sales per model, the company said its three-row MPV X9 has accounted for 1,687 units.
In the first half of the year, XPeng delivered 52,028 vehicles, an increase of 26 percent from last year. The EV maker said that, during the third quarter of the year, it will release “a major upgrade” to its AI-powered in-car operating system AI Tianji OS.
NEVER MISS AN UPDATE
Last week, Citi bank has upgraded the rating on XPeng shares from a ‘Sell’ to ‘Neutral’, while increasing its price target on the electric vehicle (EV) stock from HK$29.90 to HK$32.20.
In a new research note, the firm has highlighted a stronger upcoming model cycle as a key reason for the upgrade with the first model to be launched around the corner.
The company has recently announced its expansion into the Egyptian market with the launch of two electric models from its portfolio including the flagship SUV Xpeng G9, and the sedan Xpeng P7.
Both models will be available for delivery to the Egyptian market starting from the end of this month, marking Xpeng’s first foray into the African continent.
Xpeng delivered 10,146 vehicles in May, marking a 35 percent year-on-year increase. The company, led by He Xiaopeng, is gearing up to launch its sub-brand Mona later this month.
Written by Cláudio Afonso | LinkedIn | X
