Totaling nearly 35,000 registrations during the first quarter, the Chinese Xpeng is continuing its deliveries at a steady pace.
Xpeng accelerates! Without equaling the record set at more than 41,000 vehicles in the last quarter of 2021, the Chinese manufacturer remains in good momentum and announces that it delivered 34,561 vehicles during the first quarter of 2022.
In detail, the XPeng P7 large sedan remains the most popular model in the range. Over the period, 19,427 copies were sold, including 9,000 in March alone. Available since October 2021 and direct competitor of the Tesla Model 3, the P5 family sedan has sold 10,500 copies.
|Xpeng P7||Xpeng P5||Total|
|T3 2020||6 210||8 578|
|T4 2020||8 527||12 964|
|January 2021||7 974||13 340|
|T2 2021||11 522||17 398|
|T3 2021||19 731||244||25 666|
|T4 2021||21 342||7 621||41 751|
|January 2022||19 427||10 500||34 561|
Rising turnover, but still no profitability
Unsurprisingly, the increase in deliveries is accompanied by a substantial increase in the company’s turnover. 7.45 billion yuan (1.04 billion euros) was generated in the first quarter, an increase of 153% compared to the same period last year.
On the other hand, XPeng is still not profitable. Over the first three months of the year, the manufacturer recorded a net loss of 1.7 billion yuan (238 million euros).
More than 100,000 deliveries expected in 2022
Unless the new lockdowns observed in China are putting a brake on deliveries, Xpeng should largely exceed the milestone of 100,000 vehicles delivered in 2022. A goal that was narrowly missed in 2021, the year during which the manufacturer sold 98,155 electric cars.
To ensure its growth, the Chinese manufacturer is counting in particular on its expansion in Europe where it is promoting its P5 sedan. Already present in Norway, the brand recently announced its arrival in four new markets: Denmark, the Netherlands, Norway and Sweden.