XPeng announced on Thursday that it delivered 35,045 vehicles in April, a jump of 273% from a year ago, primarily driven by sales of its cheapest model ever, the Mona M03.
The Guangzhou-headquartered brand surpassed the 30,000 unit mark for the sixth consecutive month.
XPeng delivered 94,008 vehicles in the first quarter, exceeding the company’s earlier guidance of 91,000 to 93,000 units issued amid its fourth-quarter earnings results.
XPeng‘s chief executive said earlier this year he is “confident” about more than doubling last year’s delivery figures, suggesting the company’s sales can surpass 380,000 units this year.
By the end of the first quarter, the company had achieved nearly 25% of its target. Including April, it has now reached 34% of the full-year guidance.
In a research note published on Tuesday, Deutsche Bank estimated XPeng deliveries to reach 34,000 units in April, of which 31,000 would be domestic and 3,000 would be overseas.
Wang Bin had forecasted the brand’s best-selling model — the Mona M03 sedan — to represent about 41% of the sales, with 14,000 vehicles. In February, deliveries of the sedan surpassed 15,000 units for the third consecutive month.
Bin estimated the G6 and G9 SUVs to sell 8,000 and 3,000 units respectively, and the X9 MPV sales to be about 2,000 units. In the delivery report, the carmaker did not breakdown sales by model.
XPeng launched in March a refreshed version for both SUVs bringing over 60 upgrades and 5C ultra-fast charging.
The analyst expected the brand’s P7+ sedan to sell about 7,000 units. XPeng announced on Tuesday that it has produced its 50,000th P7+ unit, after its debut in November.
Last week, the Guangzhou-based automaker unveiled the new version of the P7+ featuring a “5C ultra-fast charging AI battery” at the Shanghai Auto Show, with CEO He Xiaopeng claiming that the battery can power a month’s commute with just 10 minutes of charging.
According to a report by local media outlet CnEVPost on Tuesday, XPeng will unveil a new electric model next week, which is internally codenamed ‘E29’.
The company aims to double its presence to 60 markets by year-end. After entering Poland, Switzerland, Czech Republic and Slovakia in March, the brand’s VP Brian Gu announced in mid-April that the carmaker would soon expand to Italy.
