XPeng delivers 7,002 vehicles in Mar, up 16.5% from Feb

XPeng delivered 7,002 vehicles in March, a 16.5 percent increase over the previous month. total deliveries for the first quarter of 2023 reached 18,230 vehicles. XPeng's guidance for deliveries in the first quarter was 18,000 to 19,000 units and revenue guidance was RMB 4 billion to RMB 4.2 billion when it announced its fourth-quarter earnings on March 17. Below is its press release, as the CnEVPost article is being updated. XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for March and the first quarter 2023. In March 2023, XPENG delivered 7,002 Smart EVs, representing a 17% increase over the prior month. Total deliveries for the first quarter of 2023 reached 18,230 vehicles. The new sports sedan P7i, launched in March for the Chinese market, has generated favorable market reception and its order backlog is gathering strong momentum. A total of 3,030 P7 series sedans were delivered in March, representing a 32% increase month-over-month. The launch of the new P7i also boosted the Company's store traffic, pushing test drive volume to recent heights. Delivery of the P7i began nationwide in March. On March 31, 2023, XPENG began the rollout of the first phase of XNGP (NGP: Navigation Guided Pilot) to XPENG G9 Max and P7i Max customers in Guangzhou, Shenzhen and Shanghai, and to XPENG P5 P version customers in Shanghai. XNGP is China's leading full scenario ADAS platform available in mass-produced models. The Company is accelerating the implementation of XNGP to multiple models across multiple cities in China.