XPEV Surges Over 3.8% as November Deliveries Hit Record High

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Dec 02, 2024
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Xpeng Inc. (XPEV, Financial) saw its stock rise over 3.8% to $12.51. The company announced that it delivered 30,895 new vehicles in November 2024, marking a 54% increase year-over-year and a 29% rise from the previous month. This is the first time Xpeng's monthly deliveries have surpassed 30,000 units, setting a new record for three consecutive months.

The Xpeng MONA M03 model, launched three months ago, has consistently delivered over 10,000 units per month. Additionally, the newly released Xpeng P7+ achieved over 7,000 deliveries within just 23 days of its launch.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.