XPEV - XPeng reports Q1 deliveries ahead of estimates March numbers surge 202%
XPeng (NYSE:XPEV) rallies 7.5% higher premarket after it reported March deliveries at 15,414 Smart EVs (+202% Y/Y, +148% M/M); monthly delivery of the P7 smart sports sedan exceeded 9K for first time peaking to 9,183. March deliveries also consisted of 4,398 P5 smart family sedans and 1,833 G3 and G3i smart compact SUVs. Q1 total deliveries stood at 34,561 vehicles (+159% Y/Y), consisting of 19,427 P7s, 10,486 P5s and 4,648 G3 and G3i SUVs. Quarterly numbers came in ahead of estimated range of 33.5K and 34K. As of Mar. 31, 2022, XPeng’s cumulative deliveries reached 172,514 vehicles. Peers Nio and Li Auto also reported record deliveries today, Friday.
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XPeng reports Q1 deliveries ahead of estimates, March numbers surge 202%