XPENG Announces Vehicle Delivery Results for May 2023

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Go back to XPENG Announces Vehicle Delivery Results for May 2023

Analysts watch closely as Chinese EVs battle for market share in Europe

June 1, 2023 10:24 AM EDT

As new EV competitors push into Europes mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake.

The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow of highly competitive offerings from established companies as well as new... More

XPeng (XPEV) achieves 4th straight month of sales growth with 7,506 May EV deliveries

June 1, 2023 8:09 AM EDT

Chinese smart electric vehicle company XPeng (NYSE: XPEV) announced their monthly vehicle delivery results on Thursday with 7,506 Smart EVs delivered in May, up 6% vs. April's 7,079. The fourth straight month-over-month sales increase after a string of declines.

The automakers new P7i sports sedan, launched in March, has experienced a substantial increase in delivery volume compared... More