Xpeng sees P7+ deliveries accelerate as Eve Energy adds battery capacity

Eve Energy has added one battery cell production line for the P7+ one month after the model's launch, and may add 2 additional ones next month. (Xpeng P7+. Image credit: Xpeng) Xpeng (NYSE: XPEV) is seeing deliveries of its new electric sedan P7+ accelerate as supplier Eve Energy adds battery cell capacity. Eve Energy provided three battery cell production lines for the P7+ during the model's initial launch, auto blogger Zhu Yulong said today on Weibo, citing the battery maker's management. Due to the model's sales exceeding expectations, Eve Energy added one battery cell production line for the P7+ one month after the model's launch, according to the blogger. The battery maker may add two additional battery cell lines for the P7+ next month to support production and delivery of the model, the blogger said, citing Eve Energy's management. A previous regulatory filing showed that Eve Energy is the only battery supplier for the Xpeng P7+. Wu Anfei, Xpeng's head of R&D for the P/G series models, reposted Zhu's Weibo, saying he appreciated Eve Energy's support. The Xpeng P7+'s delivery wait time has now been shortened to 5-8 weeks after three increases in production capacity, a reduction of up to three weeks or more compared to when it was first launched, Wu said. Some order holders originally had to wait until after the Chinese New Year to get deliveries, but they can now drive their P7+ before the holiday, according to Wu. The upcoming Chinese New Year holiday is January 28 to February 4, 2025. Xpeng launched the P7+ on November 7, with the mid-to-large-size sedan starting at RMB 186,800 ($25,590). The company announced on November 8 that the P7+ received 31,528 orders with non-refundable deposits in the first three hours of its official launch. Volume deliveries of the model started on November 11 and Xpeng said on December 11 that cumulative deliveries of the sedan crossed 10,000 units. Xpeng delivered 30,895 vehicles in November, the first time it has surpassed the 30,000 mark and the third consecutive month of record highs. The company said the P7+ delivered over 7,000 units in November, without disclosing the exact figure. Xpeng had previously guided for fourth-quarter vehicle deliveries in the range of 87,000 to 91,000, meaning it was expecting to deliver at least 32,188 vehicles in December. Last week, the company saw 7,200 insurance registrations in China, up 2.86 percent from 7,000 in the previous week. ($1 = RMB 7.2991) Xpeng files for facelifted G6 and G9, both without LiDAR option