Xpeng said it expects to deliver between 29,000 and 31,000 electric vehicles in the third quarter, lower than what the market had expected.
Xpeng President Brian Gu said Tuesday the guidance reflects the fact that the industry is entering a"relatively slow season" and that"traffic in the stores are less than what we've seen before because post-COVID situation."
In the second quarter of the year, China saw a resurgence of Covid-19. Authorities responded by locking down major cities across the country, including the financial powerhouse of Shanghai., is on track for its official launch next month with deliveries of the car beginning in October. Gu said the company hopes monthly deliveries of the G9 will exceed those of its flagship P7 sedan next year. In July, Xpeng delivered 6,397 P7 vehicles.Gu said the new cars along with the the start of deliveries for the G9, and seasonal strength in the fourth quarter, should help Xpeng grow.
"So we do think there is a strong chance and strong confidence that we are going to a growth cycle, led by our new product launches," Gu said.
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