XPEV - XPeng reports 78% growth in May Smart EVs deliveries

XPeng (NYSE:XPEV) announced its vehicle delivery results for May 2022 wherein it delivered 10,125 Smart EVs in May 2022 (+78% Y/Y). The deliveries consisted of 4,224 P7 smart sports sedans, 3,686 P5 smart family sedans, as well as 2,215 G3 smart compact SUVs. As of May 31, 2022, YTD total deliveries reached 53,688, a 122% increase. XPeng resumed double-shift production at its Zhaoqing plant commencing in mid-May as supply chains and key manufacturing areas in China started to gradually recover. While it continuously upgrades its products, the company will launch ACC-L and LCC-L via over-the-air updates soon which will be the industry’s first adaptive cruise control and lane center control function adopting camera and LiDAR based perception. As of April 2022 end, XPeng operated 954 self-managed charging stations, including 774 supercharging stations and 180 destination charging stations across China. Shares trading 1.8% higher premarket

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XPeng reports 78% growth in May Smart EVs deliveries