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China's XPeng Clocks Record Q1 EV Sales, Deliveries Surge 3.6X
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China's XPeng Clocks Record Q1 EV Sales, Deliveries Surge 3.6X
Apr 1, 2025 4:36 AM

On Monday, Chinese electric vehicle company XPeng Inc ( XPEV ) announced its vehicle delivery results for March and the first quarter of 2025.

In March, XPeng ( XPEV ) delivered 33,205 Smart EVs, implying a 268% growth, surpassing 30,000 units for the fifth consecutive month.

For the first quarter of 2025, XPeng ( XPEV ) delivered 94,008 Smart EVs, a 331% increase over last year.

Also Read: Alibaba, BMW Team Up To Bring AI-Powered Smart Assistant In Next-Gen China Cars

On March 13, 2025, at its Spring 2025 Launch conference, XPeng ( XPEV ) launched 2025 versions of the XPeng G6 and XPeng G9.

Both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims.

In March 2025, XNGP’s monthly active user penetration rate in urban driving reached 86%. At the same time, XPeng ( XPEV ) expanded its global presence by entering the Indonesian market.

Li Auto Inc ( LI ) announced on Tuesday it delivered 36,674 vehicles in March 2025, marking a 26.5% growth. This brought its first-quarter deliveries to 92,864, up by 15.5%. As of March 31, 2025, Li Auto’s cumulative deliveries reached 1.226 million.

As of March 31, 2025, the company had 500 retail stores in 150 cities, 502 servicing centers, and Li Auto ( LI )-authorized body and paint shops in 225 cities. It also had 2,045 supercharging stations in China equipped with 11,038 charging stalls.

NIO Inc ( NIO ) announced it delivered 15,039 vehicles in March 2025, representing a growth of 26.7%. The deliveries comprised 10,219 vehicles from its premium smart electric vehicle brand NIO and 4,820 from the company’s family-oriented smart electric vehicle brand ONVO. The company delivered 42,094 vehicles in the first quarter of 2025, marking a growth of 40.1%. Cumulative deliveries reached 713,658 as of March 31, 2025.

XPeng ( XPEV ) stock surged 167% in the last 12 months. The EV company reported fourth-quarter revenue growth of 23.4% to 16.11 billion Chinese Yuan ($2.21 billion), topping the consensus estimate of 16.02 billion Chinese Yuan. Quarterly vehicle deliveries rose 52.1% to 91,507, backed by its sales network of 690 stores and 1,920 charging stations.

The company expects revenue of 15 billion Chinese Yuan-15.7 billion Chinese Yuan, compared to the consensus of 14.684 billion Chinese Yuan. XPeng ( XPEV ) and long-term partner German automaker Volkswagen AG ( VLKAF ) plans to build a super-fast charging network in China.

Meanwhile, Li Auto ( LI ) and Nio stocks lost 18% in the last 12 months. Nio continues to face challenges in achieving full-year profitability, primarily due to high research and development expenses and significant operational costs.

Price Action: XPEV stock is up 3.09% at $21.36 premarket at the last check Tuesday.

Also Read:

AMD Powers Oracle Cloud With New Epyc Chips Promising Major Boost In Performance

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