XPeng's Record-Breaking Deliveries in December and Q4 2024: A Bullish Signal for the EV Market

XPeng Inc. (NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (Smart EV) company, has announced its vehicle delivery results for December and the fourth quarter of 2024. The company delivered a record 36,695 Smart EVs in December, representing an 82% increase year-over-year and a 19% increase over the prior month. In the fourth quarter, XPENG delivered 91,507 Smart EVs, a 52% increase year-over-year, exceeding the upper end of its quarterly guidance range for Q4. Total annual deliveries in 2024 reached 190,068 units, a 34% increase over the prior year.



The strong performance can be attributed to several factors, including the successful launch of the MONA M03 and P7+ models, improved production efficiency, and advanced technology and features. The MONA M03, in particular, has been a significant driver of growth, with deliveries exceeding 10,000 units for four consecutive months since its launch. The model achieved its 50,000th vehicle production milestone in just four months since its launch, setting a new record for XPENG's fastest production rollout and continuing to break delivery records for pure electric vehicle production among emerging automakers in China.

XPENG's impressive delivery results in December and Q4 2024 indicate a strong demand for its products and a growing market share in the competitive Chinese EV market. The company's focus on in-house development of advanced driver-assistance systems (ADAS) and intelligent operating systems, as well as its commitment to optimizing the customer mobility experience, has helped it establish a strong brand and attract a large customer base.

As the Chinese EV market continues to grow, XPENG's record-breaking deliveries and strong market position suggest that the company is well-positioned to capitalize on the increasing demand for electric vehicles. Investors should keep a close eye on XPENG's stock performance and consider adding the company to their watchlist as a potential investment opportunity in the growing EV market.