XPeng said on Saturday it delivered 42,013 vehicles in October, marking its third consecutive monthly record as the Chinese electric vehicle maker inches closer to its annual sales target.
The figure represented a modest 1% increase from September’s 41,581 deliveries but soared 76% compared to the 23,917 vehicles sold in October 2024.
Year-to-date deliveries through October 31 reached 355,209 units, putting XPeng at 93.5% of its 380,000-unit annual target with two months remaining in 2025.
The Guangzhou-based automaker is the only Chinese EV brand to surpass 90% of its full-year guidance by the end of the third quarter.
XPeng has expanded both its lineup and global market presence throughout 2025.
In a strategic shift, the company — which has exclusively produced fully electric vehicles since its 2014 founding — entered the hybrid segment in mid-October with the launch of the X9, its first extended-range electric vehicle offered as a multi-purpose van.
The launch in Europe is expected to be announced over the next few months, as the extended range version was recently spotted at Germany’s Nürburgring racetrack.
It is also preparing to unveil hybrid versions of the newly launched G7 SUV, its cheapest G6 model, and the P7 sedan.
Its best-selling Mona series, which is now being expanded overseas after only being available in the Chinese market, reached 200,000 deliveries in just 14 months.
A month ago, the company announced that a total of 180,000 Mona M03 units had been delivered.
This means that 20,000 units of the model have been delivered in October.
The company entered the Qatari market this week, marking its 54th globally.
XPeng had also recently announced expansion to Cambodia, which is the first confirmed market in which the Mona M03 sedan will be available.
The company has nearly doubled its presence overseas, starting with 30 markets in January and reaching 54 in October.
The Chinese new energy vehicle (NEV) maker races toward a year-end target of operating in 60 countries.
XPeng also completed expansion to the Baltic countries in Europe in early October, having launched in Estonia, Lithuania and Latvia in the first 15 days of the month.
Last month, the company also inaugurated its new global headquarters in Guangzhou, a 400,000 square-meter complex designed to function like a self-contained city for employees.
XPeng will be holding later this month its annual AI and Tech Day, in which new details of the Robotaxi project will be disclosed — as exclusively revealed to EV.
XPeng has recently surpassed Li Auto in valuation on the Hong Kong market and is expected to soon overtake its rival on the New York Stock Exchange, positioning it to become the most valuable stock in the market.
In the US, its stock has nearly doubled over the past twelve months, with most of the gains occurring since the start of this year.
