Chinese smart electric vehicles (EV) maker XPeng, Inc.’s (XPEV) vehicle deliveries increased 172% year-over-year to 7,214 units in August. These deliveries comprised 1,049 G3s and 6,165 P7s. Headquartered in Guangzhou, XPeng develops, designs, produces and sells Smart EVs. The company’s shares were down 2.2%, at the time of writing, in pre-market trade on Wednesday. XPeng’s year-to-date deliveries jumped 334% year-over-year to 45,992 vehicles. P7 deliveries surged 209%, achieving a record month in August. The company plans to launch the P5 family sedan on September 15 and start deliveries in October. XPeng’s shares closed 4.3% higher at $42.50 on Tuesday.
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XPeng (NYSE:XPEV)
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