Chinese electric vehicle startup Xpeng reported year-on-year gains in deliveries for October, as Beijing aims to gradually increase the share of new energy vehicles in the country’s new car sales total.

Last month, Xpeng delivered a total of 3,040 vehicles consisting of 2,104 P7s and 936 G3s, representing a year-on-year increase of 229%, the company said in a statement on Monday.

Despite the year-on-year growth, the October sales figure represents a moderate drop from September, when Xpeng made a monthly delivery record with sales of 3,478 vehicles. The U.S.-listed carmaker attributed the month-on-month drop to the National Day holiday spanning eight days, and said that it sees strong business potential amid efforts to ramp up its production capacity to meet growing demand.

Xpeng is currently building a manufacturing base in Guangzhou, where it is headquartered, just months after the launch of its wholly owned factory in Zhaoqing where its new P7 long-range electric sports sedan is produced. Recently, the company celebrated producing the 10,000th P7 car at its Zhaoqing factory.

Earlier this week, China’s State Council issued a revised roadmap for the new energy vehicle sector in which it aimed for sales of electric, plug-in hybrid and fuel cell vehicles to make up 20% of overall new car sales by 2025.

Contact reporter Ding Yi (yiding@caixin.com)

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