To be fair, XPeng's sales late last year fell drastically to 5,000 from their June 2022 peak of 16,000. So returning to 20,000 from 16,000 isn't much. What's impressive is their ability to turn things around from the beginning of 2023. Their outlook is also pretty good going into 2024. Sales in Europe has also been doing very well.
Xpeng Rises 2.7% on Record Monthly EV Delivery in October
XPeng Inc. today announced its vehicle delivery results for October 2023.In October 2023, the Company's Smart EV monthly deliveries reached a record high of 20,002 units, representing a 31% increase o
No mention of the increasing sales for to the popularity of the G6 and more recently the updated G9. This analyst is 1-2 quarters late with his analysis. He could be forgiven if he said this the earlier part of the year.
Chinese EVs could be safe for now because Tesla is so much stronger in the capital markets. Tesla is shielding them from the lime light. However, should they take the shine off Tesla, they will surely attract the wrong attention from the authorities.