November 2, 2021: -On Monday, Xpeng said it delivered more than 10,000 cars in October, sending its Hong Kong shares higher.

In September, the electric vehicle maker delivered 10,138 cars in the previous month, down from 10,412. Still, that represented a 233% year-on-year increase and the second-straight month where Xpeng paid more than 10,000 cars.

Xpeng of Hong Kong-listed shares were about 3% higher in afternoon trade.

Automakers worldwide have been struggling with a shortage in semiconductors that have constrained some companies’ abilities to deliver cars. Xpeng appears to be weathering that well. The company has previously said that the chip shortage impact is “limited.”

October deliveries, including 6,044 units of Xpeng’s P7 flagship sedan, representing a 187% year by year increase. Xpeng said it is delivering 3,657 units of its G3 and G3i sports utility vehicles, reaching a monthly record since the vehicle’s launch in December 2018.

Xpeng said it delivered 437 units of its P5 sedan, which officially launched in September.

The company said its cumulative deliveries had exceeded 100,000 as of the end of October. This year alone, the company has delivered 66,542 vehicles, a 289% year-by-year rise.

Xpeng faces rising competition in China’s electric vehicle market from other start-ups such as Nio and Li Auto and incumbents like Warren Buffett-backed BYD and Tesla of Elon Musk. But there have also been some new challengers hoping to crack the electric car market. Xiaomi, the most well-known for smartphones, said it plans to mass-produce electric cars in the first half of 2024.