Written by Cláudio Afonso | LinkedIn | X
Electric carmaker XPeng registered 8,800 vehicles in the week of February 17-23, outselling Li Auto for the second consecutive time to become the best-selling new energy vehicle (NEV) startup in China.
The figure marked XPeng’s fourth-best week on record, following 8,060 registrations in the prior week. The brand’s best weekly result was achieved in the final days of 2024 with 10,100 vehicles registered.
Li Auto registered 7,700 units (up from 7,500) while Xiaomi’s SU7 sedan recorded 6,400 registrations, down from 6,900. Zeekr, a premium EV brand under Geely, reported 3,500 units, slightly lower than the previous week’s 3,600.
Over the weekend, XPeng shipped the first 300 units of its X9 multi-purpose vehicle (MPV) to Thailand. At the event in China, CEO He Xiaopeng said the company plans to launch its supercharging network in Hong Kong and Bangkok later this year, with further expansion planned for Europe and Australia.
XPeng said earlier this month that orders in the first week after the Chinese Spring Festival were 7.6 times higher than the same period in 2024.
In 2024, the company’s exports surged 233% year-over-year to over 5,000 vehicles. The company aims to double its global footprint in 2025, expanding to 60 markets, including the UK, South America, and the Middle East and North Africa (MENA) region.
Earlier this month, the Guangzhou-based brand announced it is now offering a 0% down payment and zero-interest financing program for three years on its P7i sedan and G6 SUV, claiming savings can reach 20,000 yuan ($2,750) and 18,000 yuan ($2,450), respectively.
The world’s largest asset manager, BlackRock, reduced its stake in Chinese carmaker XPeng in Q4 to 4.7% after selling 10.03 million shares in the last quarter of 2024.
