In the first quarter of 2022, Xpeng delivered 19,427 P7 sedans, an increase of 144 percent compared to 7,974 vehicles in the same period in 2021.
Xpeng P5, which was launched in October 2021, sold nearly 10,500 units in the first quarter of 2022. To expand its reach to consumers, Xpeng has also expanded its store network to a total of 366 stores in 138 cities.
The number of charging stations operated by Xpeng has grown to 933 stations. Of these, 757 units are fast charging stations and 176 destination filling stations as of March 31, 2022.
In the first quarter of 2022, Xpeng’s revenue was 7.45 billion yuan (US$1.18 billion), an increase of 152.6 percent over the first quarter of 2021.
Revenue in the first quarter of 2022 from electric vehicle sales was 6,999 million yuan (1,104.0 million US dollars), an increase of 149.0 percent from the same period in 2021.
A few days ago, Xpeng announced it would receive a credit of up to 1.08 billion euros, from the Agricultural Bank of China for the expansion of its business activities.