(Yicai Global) Nov. 24 -- XPeng Motors’ stock price surged after the Chinese electric auto startup delivered a record number of cars in the third quarter despite the global chip shortage and issued sanguine revenue guidance for the current three months.

Shares of XPeng [HKG: 9868] ended 10.1 percent higher in Hong Kong today at HKD208.40 (USD26.73) each. Its New York-listed stock [NYSE: XPEV] finished up 8.3 percent at USD51.30 yesterday.

XPeng delivered almost 25,670 cars in the three months ended Sept. 30, about three times more than in the same period last year, the Guangzhou-based firm said in an earnings report yesterday. Revenue almost tripled to CNY5.7 billion (USD888 million), with vehicle sales, especially of the popular P7 sedan, gaining nearly three-fold to USD847.4 million.

“We achieved strong growth momentum in the third quarter despite the challenges of semiconductor shortage,” President Gu Hongdi said. “Our third-quarter delivery number approximated 2020’s full-year delivery total and our year-to-date deliveries more than doubled last year’s full-year delivery count.”

For this quarter, revenue may reach a point between CNY7.1 billion and CNY7.5 billion, gaining from 149 percent to 163 percent. That is higher than the market consensus of CNY5.8 billion, the firm said, adding that it expects to deliver from 34,500 to 36,500 vehicles, almost three times the number of a year earlier.

Xpeng’s third-quarter net loss widened 33 percent from the second quarter to CNY1.6 billion, which was more than a fifth smaller than it was a year ago.

The company has a new growth driver. XPeng unveiled its flagship smart sports utility vehicle, the G9, at the Guangzhou Auto Show on Nov. 19. The firm also mentioned its wide charging station network of nearly 440 facilities, covering 121 cities as of September.

“XPeng will continue to trailblaze new and disruptive advancements that redefine China’s automobile industry, transforming future mobility with technology,” founding Chairman He Xiaopeng said.

Editor: Emmi Laine, Xiao Yi