Chinese electric vehicle manufacturer Xpeng delivered 4,545 vehicles in February, according to data released by the company today, representing a 24.38% decrease year-on-year and a 44.91% drop from January figures.
The Xpeng X9, the company’s Multi-Purpose Vehicle (MPV) model, accounted for 1,448 deliveries in February and nearly 4,000 units in the first two months since its launch on January 1.
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Priced at RMB 359,800 ($49,980), the X9 is the most expensive model in Xpeng’s product lineup.
Despite the decrease in February deliveries, Xpeng remains optimistic about future sales. “With the capacity ramp-up and the debottlenecking of certain components’ supply post-Chinese New Year, we will accelerate the delivery of the X9 in March,” the company stated.
The Chinese New Year holiday, which took place from February 10-17, 2024, significantly disrupted car deliveries. Last year, the holiday occurred from January 21-27, 2023.
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In addition to the holiday, upgrades at its Zhaoqing plant in Guangdong province may have also impacted deliveries. Xpeng initiated an upgrade project at the plant on January 26, which was expected to last about 20 days, with overall production line commissioning to be completed by the end of February.
The upgrade was part of Xpeng’s efforts to prepare for the launch of new models and boost plant capacity. The Zhaoqing plant, Xpeng’s first facility, began production in May 2020. The company’s headquarters and another plant are located in Guangzhou, Guangdong province.
