In the first five months of the year, Xpeng has shown remarkable growth in vehicle deliveries. The company delivered 162,578 vehicles from January to May, marking a significant increase compared to the previous year. Notably, in May alone, Xpeng delivered 33,525 vehicles, continuing a streak of seven months with deliveries surpassing 30,000 units. Despite a slight decline from April, this represents an impressive year-on-year growth. Furthermore, Xpeng introduced new variants of its Mona M03 sedan and plans to launch additional models like the G7 SUV and the new P7 sedan later this year.
In the vibrant spring season, Xpeng has maintained robust delivery momentum. During May, despite a minor dip from April, the Chinese EV manufacturer achieved a seven-month run of delivering over 30,000 units monthly. This month's deliveries reached 33,525 vehicles, reflecting a massive 230% rise compared to the same period last year. Accumulatively, Xpeng has delivered over 162,000 vehicles since the start of the year, showing a staggering 293% increase year-on-year.
The Xpeng X9 MPV contributed significantly to these figures, selling 3,227 units in May, indicating nearly double the sales from the previous year. In addition to strong sales performance, Xpeng unveiled the 2025 X9 model at an introductory price of RMB 359,800, positioning it as their most expensive offering yet. CEO He Xiaopeng announced plans to introduce the X9 MPV into the European market by late 2025.
On May 28, Xpeng launched two new versions of the Mona M03 electric sedan—Max and Plus. The Max variant boasts capabilities akin to Tesla’s Full Self-Driving system, equipped with the Turing smart driving system that offers advanced AI-assisted driving features across all public roads in China without any subscription fees. With starting prices ranging from RMB 129,800 to RMB 139,800, these models represent a breakthrough in bringing high-end technology to affordable vehicles globally.
Within the first hour of release, the new variants garnered 12,566 confirmed orders, showcasing their popularity. Looking ahead, Xpeng is set to unveil the G7 SUV in June, aiming for competitiveness within the RMB 250,000 price bracket, followed by the new P7 sedan targeting the RMB 300,000 segment in July-August.
From a journalist's perspective, Xpeng’s achievements highlight the rapid advancements in the electric vehicle industry. Their ability to consistently deliver high volumes while introducing cutting-edge technologies at competitive prices sets them apart. It inspires other manufacturers to innovate further and strive for affordability without compromising quality or technological sophistication. For readers, this serves as a testament to how far EVs have come and what we can expect in the near future—a more sustainable, tech-driven automotive landscape.
The Pakistani government is contemplating a five-year levy on petrol and diesel vehicles to accelerate the adoption of electric vehicles (EVs). Additionally, they plan to establish an "EV Fund" to support this transition. This fund could potentially generate significant revenue over the next half-decade, which will be utilized for financing a new Electric Vehicle Policy spanning 2026–30. Meanwhile, the International Monetary Fund (IMF) has expressed concerns regarding the proposal to utilize idle electricity for Bitcoin mining and artificial intelligence activities without prior consultation.
Key economic targets in the upcoming budget have been outlined, including GDP, inflation, agricultural, industrial, and services sector growth targets. Discussions with the IMF are ongoing, focusing on electricity supply initiatives and other budgetary matters. The Annual Plan Coordination Committee (APCC) and National Economic Council (NEC) meetings will finalize development plans, while the Economic Survey and federal budget presentation are scheduled for early June.
The government aims to revolutionize transportation by introducing a levy on conventional fuel-powered vehicles, channeling funds into an innovative initiative called the "EV Fund." This financial mechanism seeks to encourage the adoption of environmentally friendly vehicles over the next five years. By imposing a levy on both imported and locally manufactured petrol and diesel vehicles, it anticipates generating substantial annual revenue. This revenue would play a crucial role in supporting the rollout of a comprehensive Electric Vehicle Policy designed to shape the future of transportation until 2030.
This strategic move not only addresses environmental concerns but also aligns with global trends towards sustainable mobility solutions. The proposed levy intends to create a robust financial framework that supports advancements in electric vehicle technology and infrastructure development within the country. Over the course of five years, the accumulated funds from this levy could reach up to Rs150 billion, providing ample resources for fostering innovation in the EV sector. Such a commitment demonstrates the government's dedication to reducing carbon emissions and promoting cleaner energy alternatives in the transportation industry.
Amid discussions with the IMF, Pakistan faces scrutiny over its proposal to use surplus electricity for cryptocurrency mining and AI operations. The IMF has raised questions about the lack of prior consultation on these matters, particularly concerning unregulated cryptocurrency activities. As part of ongoing negotiations, the Pakistani economic team must address these concerns while finalizing key budgetary targets, including GDP growth projections and inflation control measures. Furthermore, incentives for local manufacturing of electronic components like batteries and chargers are under consideration to bolster domestic industries.
Ongoing virtual consultations between Pakistan and the IMF focus on resolving outstanding issues related to electricity usage policies and ensuring alignment with loan program requirements. Both parties have agreed to continue dialogue until all matters are resolved satisfactorily. In preparation for the upcoming fiscal year, critical meetings involving the APCC and NEC will determine funding allocations for various development projects. These gatherings precede the release of the Economic Survey and subsequent parliamentary presentation of the federal budget, scheduled respectively for June 9 and June 10. Through careful planning and collaboration, the government aims to achieve balanced economic growth across sectors such as agriculture, industry, and services, setting ambitious yet achievable targets for national progress.