Xpeng, a leading electric vehicle manufacturer, has achieved a significant milestone by delivering a record 91,507 vehicles in the fourth quarter of 2024. This surpasses the upper end of the company’s guidance range of 87,000 to 91,000 units, showcasing its strong performance in the market.
The company had previously forecasted fourth-quarter revenue to be in the range of RMB 15.3 billion to RMB 16.2 billion, with a year-on-year growth of approximately 17.2 percent to 24.1 percent. This robust financial performance reflects Xpeng’s continued growth and success in the competitive electric vehicle industry.
Xpeng is set to announce its unaudited financial results for the fourth quarter and full year 2024 on Tuesday, March 18, before the US markets open. The company’s management will also host an earnings call on the same day, providing further insights into its performance and future strategies.
Despite the challenging start to the year for the Chinese auto market, Xpeng has maintained strong deliveries in 2025. In February alone, the company delivered 30,453 vehicles, marking the fourth consecutive month with deliveries above 30,000 units. This success can be attributed to the popularity of new models such as the Mona M03 and P7+ sedans.
Looking ahead, Xpeng has an exciting lineup of new products set to be launched in the coming months. These include the upgraded G6 SUV, which was showcased in February and is scheduled for an official launch in March. Additionally, the company plans to introduce the upgraded G9 SUV and X9 MPV in March, followed by the launch of the G7 mid-size SUV in April.
Furthermore, Xpeng is expected to unveil the Mona M03 Max version in May and a flagship sporty sedan, codenamed E29, in June. These new additions to the company’s product portfolio are expected to drive further growth and expansion in the electric vehicle market.
In a recent Weibo post, Xpeng’s chairman and CEO, He Xiaopeng, announced the upcoming launch of the updated G6 SUV, further highlighting the company’s commitment to innovation and excellence in the electric vehicle industry.
Overall, Xpeng’s impressive delivery performance and strategic product launches position the company for continued success and growth in the evolving electric vehicle market. With a focus on innovation, quality, and customer satisfaction, Xpeng is poised to make a significant impact in the automotive industry.
