XPeng Sustains Delivery Growth Amid Volatile Chinese EV Market

XPeng reported 42,013 vehicle deliveries in October, marking a 76% year-over-year increase. The company has now achieved twelve consecutive months of growth—a rare feat in China's EV sector, where competitors often fluctuate between monthly gains and declines. Deliveries include both Core models and the newly launched Mona brand, though geographic breakdowns remain undisclosed.

The Mona M03 sedan, priced from 119,800 yuan ($16,812), contributed to the rebound above 40,000 units after its August debut. XPeng's consolidation of Mona sales with its CORE lineup underscores aggressive bundling tactics as competition intensifies. Tesla's uneven China performance—67,886 wholesale units in July, 83,192 in August, and 71,525 in September—highlights XPeng's consistency.

BYD retained its volume lead with 436,856 October deliveries, though this reflected a 12.7% annual drop. The firm's Q3 earnings revealed a historic 32.6% profit decline, signaling pricing pressures across the sector. Nio trailed closely with 40,397 deliveries, leveraging its multi-brand strategy spanning premium and budget segments.