On Wednesday, major electric vehicle makers in China released their delivery results for January 2022. Xpeng topped the list while most brands in general saw significant year-over-year growth.
XPeng delivered 12,922 Smart EVs in January 2022, representing a 115% increase year-over-year, exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month. As of January 31, 2022, the company’s cumulative Smart EV deliveries have surpassed 150,000 units.
XPeng is taking advantage of the scheduled production downtime over the Chinese New Year Holiday to upgrade its Zhaoqing plant in Southern China. The upgrade will enable the facility to catch up with its delivery backlog while preparing the company for an increase in demand in the new year.
LiAuto delivered 12,268 Li Xiang ONE units in January 2022, an increase of 128.1% compared to January 2021, and the cumulative delivery of the model has reached 136,356 units.
Chinese EV startup Hozon Auto delivered 11,009 units in January 2022, a 402% year-over-year growth, marking the brand’s third month to have exceeded 10,000 deliveries.
Also worth noting is Hangzhou-based EV maker Leapmotor, which saw a 434% year-over-year increase with 8,085 units delivered in January, 2022. The company has seen monthly growth reaching over 200% for the past ten months.
Leapmotor has three models, C11, T03 and S01, with a price range between 68,900 yuan ($10,831) and 199,800 yuan ($31,410). In late January, the Sequoia-backed startup was reportedly planning to file an overseas IPO, but the specific capital market has not yet been disclosed.
The Chinese Passenger Car Association predicts that the domestic sales of new energy passenger vehicles could reach more than 5.5 million units in 2022, nearly doubling from the year before, and expects the market penetration of these vehicles to reach about 25% in 2022.