XPeng Mona M03 exceeds 10,000 deliveries for two consecutive months

XPeng delivered a record 23,917 vehicles in October 2024, the second consecutive month that the Mona M03 exceeded 10,000 monthly deliveries. The M03 is priced between 119,800 to 155,800 CNY and has been a hit in China.

globalchinaev

| Nov 4
XPeng Mona M03 exceeds 10,000 deliveries for two consecutive months

In October 2024, XPeng Motors delivered a record 23,917 vehicles, the second consecutive month that the Mona M03 exceeded 10,000 deliveries.

With the addition of the M03, the first Mona-series, XPeng has effectively a pricing coverage that extends from 119,800 to 419,800 CNY.

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The M03 undercuts the G3 and P5, which were previously the most affordable vehicles in the line-up, at a price ranging from 119,800 to 155,800 CNY.

XPENG MONTHLY RETAIL SALES (IN CHINA) BREAKDOWN BY MODEL

The Mona M03 has exceeded 10,000 deliveries in October, the second time since launch.

That came partly at the expense of the other models, which excluding the M03, have totalled 8,539 vehicles delivered in September 2024.

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Some degree of sales cannibalization is normal, given that potential XPeng customers navigate through the same retail channels and face a wider range of options at an increasingly competitive pricing.

XPENG MONTHLY AND CUMULATIVE WHOLESALE SALES (IN ‘000S)

Year-to-date, XPeng has delivered a total of 130,783 vehicles, compared to 103,119 deliveries last year at this time.

Including exports, XPeng delivered 21,352 vehicles in September and topped that with a record 23,917 units in October 2024.

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Exports have grown for the 8th consecutive month as of September 2024, with 2,792 exports.

The XPeng G6 continues to dominate export sales, selling a record 1,885 units, followed by the G9 with 595 units.

XPENG MONTHLY EXPORT SALES BREAKDOWN BY MODEL

On October 14, the XPeng P7+ pre-sale begun at the Paris Motor Show and has accumulated over 30,000 pre-orders within the first hour and 48 minutes of pre-sale.

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The P7+ deliveries will officially begin on November 7 at a starting price of 209,800 CNY.

XPeng has also recently held a press conference in Dubai for the launch of the XPeng G6 and G9 into the UAE market.

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