XPeng exported over 23,000 EVs in 2024, over 600% YoY growth

globalchinaev

Jan 20
XPeng exported over 23,000 EVs in 2024, over 600% YoY growth

XPeng exported a total of 23,409 fully electric vehicles, of which 14,288 were the coupe-SUV XPeng G6.

Last year, XPeng started delivering to its export markets only in August, ending 2023 with a cumulative total of 3,261 units exported.

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In December 2024, XPeng exported 2,610 vehicles, including 1,970 G6. December was the only month of export decline for the year.

Prior to December, XPeng had achieved month-on-month growth from January to November 2024.

XPENG MONTHLY EXPORTS (IN 000s)

On a wholesale level, XPeng delivered an all-time record 36,695 vehicles, 34,092 units to its domestic market in China.

The decline in export was likely due to the strong demand in China for the new XPeng MONA M03 and P7+.

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Since June 2024, the XPeng G6 became the leading model in overseas sales, with over 2,000 unit sales per month.

Note that export figures are lagging indicators of actual sales as deliveries to dealerships count as an export unit despite not reaching the end-customer.

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On an actual sales basis, XPeng’s top 7 export markets are Israel with 3,624 sales from Jan-Nov. 2024, Denmark (2,499), Norway (1,573), Netherlands (1,041), Sweden (647), Germany (284), and Singapore (267).

Xpeng also operates in Malaysia, Thailand, Belgium, Portugal, Spain, United Kingdom, and Austria.

In total, XPeng sold 10,472 vehicles in 14 export markets through the 11 months to November 2024.