XPeng released its October 2021 sales report, noting significant sales growth. In October, sales exceeded 10,000 electric vehicles, with an annual growth rate of 233%.
According to the Chinese electric vehicle manufacturer, in October 2021, the company shipped 10,138 electric vehicles, including 6,044 XPeng P7 models. Shipments of the latter increased by 187% year on year. The company was able to improve its performance despite the ongoing global chip shortage, which was reflected in the automotive market.
In addition, the company shipped 3,657 XPeng G3 and XPeng G3i crossovers in October, as well as 437 XPeng P5 sedans. As of the end of last month, the company had shipped 66,542 electric vehicles since the beginning of this year. The supply growth was 289% year on year. The most popular is the XPeng P7, which accounts for over 45,000 vehicles sold.
The manufacturer claims that the data is indicative of the company’s steady growth and growing consumer demand. XPeng plans to become a real competitor to Tesla in the future.
Meanwhile, the cheap Chery QQ Ice Cream blew up the electric car market in China: the company sold more than 15,624 cars on its first day. True, these machines are in different price segments and are not direct competitors.
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