Xpeng (NYSE: XPEV) saw monthly deliveries surpass 50,000 for the first time in October, setting a record as overseas growth supported its fourth-quarter sales push.

The Chinese electric vehicle maker said on Sunday that it delivered 50,237 vehicles in October. That's up 19.57% year-on-year and 21.77% from September, according to data compiled by CnEVPost.

The latest figure surpassed the previous record of 42,013 vehicles set in October last year and marked a return to year-on-year growth after a slight decline in September.

In the first 10 months of the year, Xpeng delivered 334,604 vehicles, down 5.80% year-on-year, narrowing the decline from 9.20% in the first 9 months, according to data compiled by CnEVPost.

Overseas markets provided a key source of growth. The company said overseas deliveries reached a monthly record of 13,326 vehicles in October, up 166% year-on-year.

Overseas deliveries rose 32.53% from September and accounted for 26.53% of total October deliveries, up from 24.37% in September, according to CnEVPost calculations.

That also puts Xpeng's October deliveries in China at 36,911 vehicles, the highest in a year.

Xpeng's overseas deliveries totaled 72,805 vehicles in the first 10 months of the year, accounting for about 21.76% of its total deliveries over the period.

The delivery record comes as Xpeng expands its lineup to drive further growth toward year-end. The Mona L05 went on sale in China on October 29, with nationwide deliveries beginning on November 1.

The 5-seat SUV is the third model in the Mona lineup, offering battery electric vehicle (BEV) and extended-range electric vehicle (EREV) variants at a limited-time starting price of 139,800 yuan ($20,820).

Source link