The strong demand for XPeng's vehicles is highlighted by the success of the XPeng P7+ sedan, which sold over 7,000 units within just three weeks of its launch.

XPeng Inc. has reported impressive growth in its electric vehicle (EV) deliveries, reaching a total of 153,373 units for the first eleven months of 2024, which marks a 26% increase compared to the same period in 2023.

In November alone, XPeng delivered 30,895 smart electric vehicles, reflecting a remarkable 54% year-over-year increase and a 29% rise from the previous month.

Additionally, the newly introduced XPeng MONA M03 has consistently exceeded 10,000 units in deliveries for three consecutive months since its launch, contributing significantly to the company's growth.

The MONA M03 is priced at approximately RMB 119,800 (around $17,000), making it a more affordable option compared to XPeng's other models and significantly less than Tesla's Model 3 and Model Y.

Currently, XPeng's stock trades at about 2x its estimated 2024 revenues, which is higher than rivals Nio and Li Auto but significantly lower than Tesla's 11x forward revenue valuation.

However, XPeng's stock performance has been volatile, with returns fluctuating significantly over the past few years, contrasting with the more stable performance of the Trefis High Quality Portfolio.

XPeng is also expanding its international footprint, having officially entered the Nepal and UK markets, with plans to launch models in over 60 countries by 2025.

Recognized as a leader in automation and assisted driving technology within the Chinese EV market, XPeng offers advanced systems that do not rely on expensive HD maps or LiDAR sensors.

XPeng's delivery growth has outpaced its competitors, with Nio reporting a 29% increase in deliveries and Li Auto achieving a 19% rise.

In terms of technology adoption, the monthly active user penetration rate for XPeng's XNGP in urban driving reached an impressive 85% in November 2024.

With compelling vehicles and advanced technology, combined with expanded market access, XPeng is well-positioned to enhance its revenue and profit potential.