XPeng reported vehicle deliveries of 5,218 in January, down 59.62% YoY and 53.79% MoM. The decrease in deliveries is attributed to the seasonal slowdown during the Chinese New Year holiday, which took place from mid-January to the end of the month.
XPeng delivered 2,249 units of its G9 SUV, and announced that it will soon launch a new version of its P7 sedan, with the company tweeting on January 25 that “we're launching our two new EVs in Europe on February 3, 2023.
XPeng experienced a decline in deliveries in the latter half of 2022, reaching a low of 5,101 units in October. However, the company managed to bounce back in December with 11,292 deliveries.
To reverse this sales trend, XPeng has undergone organizational changes and hired Wang Fengying as its new president. Wang, formerly of Great Wall Motor, will oversee product planning, portfolio management, and sales operations and report directly to XPeng's CEO and Chairman, He Xiaopeng.
This new hire is considered the most significant for XPeng in recent years and is viewed as a positive move by Deutsche Bank analyst Edison Yu, who believes that Wang's practical approach will enhance product positioning and sales.
XPeng plans to launch five new models in 2023 in an effort to regain a foothold in the increasingly competitive EV market in China. This announcement was made by He Xiaopeng, the company's Chairman and CEO, in a letter to employees on the first working day following the Chinese New Year holiday.