Xpeng’s Deliveries Plunge 50% Following Holiday Slowdown
Xpeng, the Guangzhou-based electric vehicle manufacturer, experienced a significant decline in deliveries during February 2024. The company reported delivering 15,256 vehicles, which reflects a steep year-on-year decrease of 49.90% and a month-on-month drop of 23.76%. This downturn can be attributed to the impacts of the Chinese Lunar New Year holiday and the reduction of national support policies.
Xpeng’s February Performance Overview
The Spring Festival, which occurred from February 15 to February 23, heavily influenced production and delivery processes across China’s automotive sector. While Xpeng’s deliveries fell, local competitor Li Auto posted a modest increase year-on-year.
Monthly Deliveries Data
| Month | 2024 | 2025 | 2026 |
|---|---|---|---|
| January | 8,250 | 30,350 | 20,011 |
| February | 4,545 | 30,453 | 15,256 |
| March | 9,026 | 33,205 | – |
| April | 9,393 | 35,045 | – |
| May | 10,146 | 33,525 | – |
| June | 10,668 | 34,611 | – |
| July | 11,145 | 36,717 | – |
| August | 14,036 | 37,709 | – |
| September | 21,352 | 41,581 | – |
| October | 23,917 | 42,013 | – |
| November | 30,895 | 36,728 | – |
| December | 36,695 | 37,508 | – |
Future Prospects and Strategic Moves
In response to decreasing domestic sales, Xpeng is pursuing an ambitious international expansion strategy. The company commenced global deliveries of its P7+ model in February, aiming to reach 18 countries initially.
Xpeng is also preparing to introduce next-generation technology. A launch event on March 2 will debut its second-generation VLA (Vision-Language-Action) model and the updated all-electric X9 MPV. The X9 MPV is designed for family use, offering an impressive range of up to 750 kilometers.
Furthermore, Xpeng’s artificial intelligence software has garnered attention from significant players in the automotive industry. Volkswagen recently became the first commercial client for Xpeng’s VLA 2.0 solution, indicating a fruitful partnership focused on smart driving technology.
Long-Term Goals
CEO He Xiaopeng has set high aspirations for Xpeng’s future, targeting annual overseas sales of 1 million vehicles by 2030. He expects international markets to contribute over 70% to the company’s profits, reflecting a major focus on global growth and innovation.
