Xpeng had a big month in October, delivering a record 23,917 vehicles—a nearly 20% bump from last year’s October numbers and a solid 12% increase over September. For the first 10 months of 2024, Xpeng’s total deliveries reached 122,478, marking a steady 20% rise from the same period last year. Since its start, the company has delivered over half a million vehicles, totaling 522,789. A major driver behind this growth is Xpeng’s latest model, the Xpeng Mona M03, which quickly became a favorite among customers.
Launched at the end of August, this compact electric sedan comes in three versions, starting at RMB 119,800 (about half the price of a Tesla Model 3). It’s now the most affordable option in Xpeng’s lineup, and it’s clearly catching on—October was the second month in a row the Mona M03 crossed the 10,000-unit mark. Xpeng saw a rush of interest right from the start, logging 30,000 firm orders for the Mona M03 within the first 48 hours after its debut at the Chengdu Motor Show. After a modest start with 517 deliveries in September, October numbers shot up to 10,023.
Xpeng’s New Model Introduced In Europe
On the international front, Xpeng introduced its sleek new P7+ sedan in Europe, kicking things off in Paris on October 14. Pre-sales began in China that same day, with a starting price of RMB 209,800. Within less than two hours of opening, the P7+ logged over 30,000 pre-orders. Analysts like Deutsche Bank’s Bin Wang expect monthly sales of the P7+ to settle between 5,000 and 7,000 units, which is right in line with the market’s expectations.
The P7+ is a spacious mid-to-large sedan, measuring 5,056 mm in length, with a 3,000 mm wheelbase for extra room. It offers two battery options: a 60.7 kWh pack with a 620 km range and a 76.3 kWh option that can go up to 710 km. Designed with aerodynamics in mind, it consumes just 11.6 kWh per 100 km, making it highly efficient.
Find more about Xpeng models in Europe here!
Between the Xpeng Mona M03’s budget-friendly price and the P7+’s mix of performance and efficiency, Xpeng is covering a lot of ground in the EV market, both at home and abroad. With this lineup, the company is well-positioned to ride the growing wave of electric vehicle demand.