Written by Cláudio Afonso | [email protected] | LinkedIn | X
China’s electric vehicle (EV) maker Xpeng announced on Saturday through its Weibo account the initiation of a temporary car purchase subsidy amounting to 500 million yuan ($70.4 million), accessible until May 5, 2024. This subsidy encompasses four models: Xpeng G9, G6, P7i, and the 2024 Xpeng P5.
In the second week of April, Xpeng experienced a sales uptick, with figures rising from 1,200 to 1,500 units compared to the previous week. However, challenges loom as April deliveries are expected to stay below 7,000 vehicles. The introduction of the new incentive may potentially stimulate orders until its conclusion on May 5th.
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Last month, XPeng delivered 9,026 vehicles, nearly doubling (99%) compared to the previous month and a 29% increase year-over-year. In total, Xpeng delivered 21,821 units in the first quarter of 2024, reflecting a 20% increase compared to the same period last year.
Earlier this week, the manufacturer reported the expansion of its partnership with the Volkswagen Group to jointly develop E/E Architecture for the German EV platform for China. Implementation is expected to start in 2026 across Volkswagen’s electric vehicles manufactured in the country.
Over the last few weeks, the brand kicked off in the German market and announced dealer partners for Portugal, Spain, Hong Kong, and Macau. On Tuesday, Xpeng signed with Hedin Automotive to sell its fully electric models in Belgium and Luxembourg.
Recently, the manufacturer released a new video depicting the shipment of 1,000 G9 SUVs from the port in Shanghai to Europe, ahead of the commencement of sales.
The G6 can be ordered from May and will be available at European Xpeng Stores later in the third quarter, the brand said in a statement. Xpeng is set to communicate prices and specifications by the end of this month.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
