XPeng (NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle company, announced its vehicle delivery results for March and the first quarter of 2023.
In March 2023, XPENG delivered 7,002 Smart EVs, representing a 17% increase over the prior month. Total deliveries for the first quarter of 2023 reached 18,230 vehicles.
The company’s new sports sedan P7i, launched in March for the Chinese market, generated favorable market reception and its order backlog is gathering strong momentum. And a total of 3,030 P7 series sedans were delivered in March, representing a 32% increase month-over-month.
Xpeng said that the launch of the new P7i also boosted the company’s store traffic, pushing test drive volume to recent heights. And the delivery of the P7i began nationwide in March.
On March 31, 2023, XPENG started the rollout of the first phase of XNGP (NGP: Navigation Guided Pilot) to XPENG G9 Max and P7i Max customers in Guangzhou, Shenzhen, and Shanghai, and to XPENG P5 P version customers in Shanghai. XNGP is China’s leading full-scenario ADAS platform available in mass-produced models. Plus the company is accelerating the implementation of XNGP to multiple models across multiple cities in China.
