2023-06-01 05:44:18 ET
- XPeng ( NYSE: XPEV ) delivered 7,506 Smart EVs in the month of May, +6% M/M.
- On year-over-year basis, May deliveries plunged about 26% from 10,125 units in May 2022.
- The company saw a substantial increase in the delivery volume of the P7i as compared to last month and intends to further accelerate deliveries of the P7i in June.
- Citing positive feedback from media on the G6, the company anticipates it to emerge as one of the most popular, bestselling models in China’s NEV SUV market segment with the RMB200,000 to RMB300,000 price range.
- Over a period of one year, XPEV shares lost about 66% of its value.
- Peer, Li Auto ( LI ) delivered 28,277 vehicles in May, up 146% Y/Y.
- Learn why, XPEV is at high risk of performing badly .
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XPENG delivered 7,506 Smart EVs in May, up 6% M/M