XPeng Adds 3% On Surge In October Vehicle Delivery

(RTTNews) - Shares of Chinese electric vehicle maker XPeng Inc. (XPEV) are climbing more than 3% in the morning trade on Monday after the company said October vehicle delivery increased more than 200% year-over-year.

The company delivered 10,138 vehicles in October, up 233% from October last year.

Deliveries in October consisted of 6,044 P7 smart sports sedans, a 187% increase year-over-year.

XPeng said this is the second month surpassing the 10,000-unit benchmark despite the semiconductor shortage.

As of October 31, year-to-date total vehicle deliveries reached 66,542, a 289% increase year-over-year, including 45,271 P7 deliveries, the company noted.

XPEV, currently at $48.05 has traded in the range of $19.21- $74.49 in the past 52 weeks.