Wellington recommendation XPeng announces vehicle delivery results Q2 2022

A total of 68,983 vehicles delivered from XPeng in the first six months of 2022, a 124% increase year-over-year
GANGNAM-GU, South Korea - July 15, 2022 - PRLog --
  • 15,295 vehicles delivered in June 2022, a 133% increase year-over-year
  • 34,422 vehicles delivered in Q2 2022, a 98% increase year-over-year
  • 68,983 total vehicles delivered in the first six months of 2022, a 124% increase year-over-year

Wellington Asset Management, a financial advisory firm from Seoul, South Korea have been following and recommending EV Companies for the past 5 years including companies like XPeng, a leading Chinese smart electric vehicle company who recently announced its vehicle delivery results for June 2022 and the second quarter 2022.

XPeng recorded monthly deliveries in June of 15,295 Smart EVs, representing a 133% increase year-over-year, and a 51% increase over May 2022. The Company delivered 34,422 Smart EVs in total for the second quarter 2022, ranking first among emerging auto brands in China for the fourth consecutive quarter. As of June 30, 2022, year-to-date total deliveries reached 68,983 units, representing a 124% increase year-over-year, the highest among emerging automakers in China.

Beginning in mid-May, XPeng accelerated deliveries with resumed double-shift production at its Zhaoqing plant and notably, in June, the Company reached the milestone of 200,000 cumulative deliveries. June deliveries consisted of 8,045 P7s, the Company's smart sports sedan, 5,598 P5 smart family sedans and 1,652 G3i and G3 smart compact SUVs.

In August, XPeng plans to begin accepting pre-orders for its new, flagship G9 SUV followed by an official launch in September. The Company also plans to release its new City Navigation Guided Pilot after obtaining relevant approvals.

About XPeng Inc.

XPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China. Its mission is to drive Smart EV transformation with technology and data, shaping the mobility experience of the future. In order to optimize its customers' mobility experience, XPeng develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture.

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