XPeng Touches Production Milestone Of 500K EVs: Here's How Many Electric Cars The Chinese Company Has Delivered
Portfolio Pulse from Anan Ashraf
XPeng has reached a production milestone of 500,000 electric vehicles, with significant growth in deliveries and the launch of the Mona M03 model. Despite increased sales, the company is still operating at a net loss.
September 24, 2024 | 9:00 am
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XPeng has produced its 500,000th EV and delivered 77,209 units in the first eight months of the year, a 17% increase from last year. Despite this growth, the company reported a net loss in Q2 and is yet to turn a profit.
The production milestone and increased deliveries indicate positive growth for XPeng, which could boost investor confidence. However, the ongoing net loss and competition from peers like Li Auto and Tesla may temper short-term gains.
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