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Chinese EV startup Xpeng delivers over 30,000 cars for a fourth straight month
CNBCยท2025-03-03 08:45

Group 1 - Xpeng delivered over 30,000 cars for the fourth consecutive month in February, totaling 30,453 vehicles, with more than 15,000 units being the lower-priced Mona model [1][2] - Deliveries of the Mona M03 have consistently exceeded 15,000 units per month since December, indicating strong market demand [2] - The P7+ electric sedan has also seen robust demand, surpassing 30,000 deliveries within three months of its launch in November [2] Group 2 - The January to February period is typically a seasonally weak time for Chinese car sales due to the Lunar New Year holiday [3] - The local auto market is highly competitive, with traditional automakers and new entrants actively reducing prices and introducing vehicles with advanced technology features [3] - Analysts from Nomura suggest that Xpeng's upcoming vehicle launches could help maintain its delivery momentum [2]