Chinese electric vehicle (EV) manufacturer Xpeng witnessed a notable decline in its January deliveries, citing seasonal factors, as the company delivered 8,250 vehicles, marking a 58.99% month-on-month decrease from December.
While the figure reflected a robust 58.11% year-on-year increase, it underscored the customary lull in auto sales during January, compounded by the Chinese Lunar New Year holiday.
In the fourth quarter of the previous year, Xpeng experienced a surge in deliveries, consistently exceeding 20,000 units per month. However, the EV maker anticipated the January dip, given historical trends where demand typically peaks at the end of the preceding year, followed by a subdued start to the new year as consumers take a break during the Lunar New Year holiday.
Additionally, on January 26, Xpeng announced the commencement of an upgrade for its Zhaoqing plant in Guangdong province, lasting approximately 20 days. The upgrade aims to accommodate the launch of a new model and enhance overall plant capacity, with commissioning scheduled for completion by the end of February.
During January, Xpeng's X9 MPV (Multi-Purpose Vehicle) recorded 2,478 deliveries, with the Max trim accounting for around 70% of total X9 orders.
The X9, unveiled at the Guangzhou Auto Show on November 17, 2023, officially commenced deliveries on January 16, demonstrating strong product competitiveness and advanced smart technology to meet diverse family needs.
Xpeng highlighted the success of its Advanced Driver Assistance System (ADAS) technology, with the XNGP ADAS monthly active user penetration surpassing 85%. The company aims to expand the end-to-end XNGP coverage to major urban road networks, parking spaces, and private roads across 243 cities nationwide by 2024. Furthermore, Xpeng revealed plans for the research and development of highway NGP for overseas markets in 2024 and XNGP in 2025.