XPeng delivered 38,027 vehicles globally in July, up 3.57% YoY but down 5.23% MoM. The Mona L03 SUV received over 20,000 firm orders within 7 minutes of launch, with cumulative non-cancellable orders exceeding 50,000. Supply constraints remain the primary drag on delivery growth.
Delivery Analysis: Growth Masks Underlying Pressure
In July 2026, XPeng's global deliveries reached 38,027 units, representing a 3.57% year-on-year increase but a 5.23% month-on-month decline from June's 40,126 units. This mixed performance highlights a growing tension between surging demand for the new Mona L03 and the company's inability to ramp up production fast enough.
By the end of July, XPeng's cumulative deliveries stood at 1,223,828 units. The company delivered 429,000 vehicles in 2025, with the Mona series contributing nearly half of total volume. International revenue is projected to exceed 20% of total revenue starting from Q2 2026, as XPeng operates in 28 European countries and plans a Middle East and Africa hub centered on Egypt.
Mona L03: A Hit Product Strangled by Capacity
The Mona L03, XPeng's first SUV under the entry-level Mona series, launched globally on July 16 in Munich, with a China starting price of 123,800 yuan (~$18,200). It offers both battery electric (BEV) and extended-range electric vehicle (EREV) powertrains across 9 trim levels.
Market response has been phenomenal:
- 20,000+ firm orders within 7 minutes of launch
- 46,859 orders accumulated within the first hour
- 50,000+ non-cancellable orders nationwide to date
Order composition reveals roughly 80% pure-electric and 20% EREV variants. Notably, female customers account for approximately 70% of total orders — significantly above industry norms.
| Metric | Figure |
|---|---|
| Orders in First 7 Minutes | 20,000+ |
| Orders in First Hour | 46,859 |
| Current Cumulative Non-Cancellable Orders | 50,000+ |
| Pure EV Delivery Lead Time | 13-17 weeks |
| EREV Delivery Lead Time | 8-12 weeks |
| Female Customer Share | ~70% |
Supply Bottlenecks and Internal Cannibalization
The month-on-month delivery decline stems primarily from severe supply constraints on the Mona L03. XPeng has stated its factories are running at full capacity, yet buyers still face wait times of 13-17 weeks for the BEV version and 8-12 weeks for the EREV.
This supply crunch has also triggered internal competition. According to Deutsche Bank analysis, new orders for the Mona M03 sedan declined by roughly 40% following the L03 launch, as the two models overlap in price range. The M03 was previously XPeng's top seller, delivering 175,689 units in 2025 and accounting for about 41% of annual volume.
- Prioritize securing stable chip and battery supply chains for the Mona L03
- Increase production line automation to shorten per-unit build time
- Rebalance capacity allocation between M03 and L03 to minimize internal cannibalization
The Mona L03 is XPeng's first global model launched simultaneously in China and Europe, eventually targeting 65 overseas markets. Dealers and buyers in Central Asia, Russia, and emerging markets can find detailed information on XPeng's international lineup at EX1000.COM.
