Xpeng asks suppliers to increase materials for X9 EREV as orders strong

Xpeng (NYSE: XPEV, HKG: 9868) appears to be gaining solid initial acceptance for its extended-range X9 MPV (multi-purpose vehicle), a new report suggests.

The electric vehicle (EV) maker has sent a memo to its suppliers requesting additional materials for 5,000 X9 extended-range electric vehicles (EREVs) by year-end, according to a report today by local media outlet Wallstreetcn.

The move aims to address robust order demand following the X9 EREV's launch and ensure uninterrupted delivery schedules, the report cited a supply chain source as saying.

Xpeng's rapid production ramp-up reflects strong expectations for the X9 EREV's market performance, an industry insider told the outlet.

X9 EREV orders surpassed the MPV's previous single-day record within the first hour of launch, Xpeng announced on the model's second day of availability.

On November 21, Xpeng celebrated the rollout of its one-millionth vehicle, an X9 EREV.

Xpeng pledged to cover potential vehicle purchase tax benefit losses for customers buying the X9 EREV by December 31, mirroring domestic peer Nio Inc's (NYSE: NIO, HKG: 9866) approach for its third-generation ES8.

In 2024-2025, China continues to exempt new energy vehicles (NEVs) from purchase tax, with a maximum tax exemption of RMB 30,000 per vehicle.