Tesla Rival XPeng's August Deliveries Zooms 43% On Strong G6 Acceleration
Portfolio Pulse from Lekha Gupta
Chinese smart electric vehicle firm XPeng Inc reported a 43% YoY increase in August deliveries, with 13,690 Smart EVs delivered. The company's XPENG G6 model saw monthly deliveries of 7,068 units, surpassing the 10,000 mark in just 45 days. XPeng's shares are trading higher following the announcement.
September 01, 2023 | 10:58 am
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XPeng Inc reported strong August deliveries, particularly for its XPENG G6 model, leading to a rise in its share price.
XPeng's strong delivery numbers for August, especially for its XPENG G6 model, indicate a positive demand trend for the company's products. This is likely to be viewed positively by investors, leading to an increase in the company's share price.
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