XPeng marks record 21,352 deliveries in September, rise of 39% Y/Y
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- Chinese EV maker XPeng (NYSE:XPEV) showed record monthly delivery of 21,352 units, a 39% increase Y/Y, totaling 46,533 cars for Q3, up 16% Y/Y.
- The first month of deliveries of XPENG MONA M03 exceeded 10,000 units in September.
- For the first nine months of 2024, Xpeng (XPEV) delivered 98,561 smart EVs, a 21% rise Y/Y.
- Looking ahead, the company expects to unveil XPENG P7+, positioned as AI-defined car, in October 2024.
- Year-to-date, the stock price has dropped about 16%. It gets a Seeking Alpha quant rating of Buy with the highest factor grades given to growth and momentum.