XPeng Inc (XPEV)

XPENG Invited to CVPR for the Third Time, Showcasing China's Advances in Physical AI to the WorldJune 4, 2026 10:59 AM
PR Newswire (US) DENVER, June 4, 2026 /PRNewswire/ -- XPENG (NYSE: XPEV, HKEX: 9868), a leading China-based high-tech company, kicks off its key presence at CVPR 2026 (The IEEE/CVF Conference on Computer Vision and Pattern Recognition). Dr. Xianming Liu, Head of General Intelligence Center at XPENG, spoke at the inaugural Workshop on Deployment of Foundation Models for Embodied AI (WDFM-EAI), sharing insights with global counterparts including Tesla, NVIDIA and Waymo. This marks XPENG's third attendance at the prestigious conference.From Technical Concept to Mass Production: VLA2.0 Achieves Key Technical BreakthroughDr. Xianming Liu systematically deconstructed the evolution of XPENG's physical AI technology system, from concept validation and technical refinement to full-scale mass production. First unveiled at CVPR 2025, XPENG's in-house foundation model has now achieved a critical leap: VLA2.0 has entered formal mass production, marking an industry-leading closed loop from pre-research to commercial deployment. Within its first month, VLA2.0 set an industry milestone with over 50% assisted driving mileage share, establishing a new benchmark in China's assisted driving sector.First Technical Blueprint for World Model Unveiled, Advancing Physical-World Foundation ModelsDr. Xianming Liu introduced the world model as another core pillar of XPENG's foundation model system. XPENG is developing a world model capable of Deliberative Reasoning, Controllable Generation, and Long-Horizon Forecasting. Rather than competing, the world model and VLA2.0 complement each other: VLA2.0 learns "how to act" from human driving, while the world model learns "how the world changes after an action" by predicting future states and scene evolution. Together, they form XPENG's Physical-World Foundation Model, essentially pursuing the same goal: building a sufficiently powerful foundation model for the physical world.XPENG specifies these three core capacities as essential for qualified world models and autonomous driving. Its R&D team has published three papers: X-World, X-Foresight, X-Cache, detailing corresponding R&D approaches.Continuing Validation of Scaling Law: XPENG Accelerates Large-Scale Rollout of Physical AIIn the 12 months ending March this year, XPENG's cluster delivered a 1,010% uplift in per-GPU training efficiency and a 4,360% gain in single-job training efficiency, while GPU hardware utilization climbed from 40% to 90%, matching benchmarks set by top-tier global AI firms.As VLA2.0's capabilities continue to expand, XPENG is accelerating the large-scale deployment of its core Physical AI applications: VLA2.0, Robotaxi, and Humanoid Robots. The IRON humanoid robot is progressing toward mass production by the end of 2026, with plans to enter XPENG's offline stores as a shopping guide in Q1 2027.Appendix: XPENG World Model Related Academic PapersX-World Paper: https://arxiv.org/pdf/2603.19979X-World Official Site: https://x-world-1.github.io/X-Cache Paper: https://arxiv.org/abs/2604.20289X-Cache Official Site: https://x-cache-1.github.io/en/X-Foresight Paper: https://arxiv.org/abs/2605.24892X-Foresight Official Site: https://x-foresight-1.github.io/en/About XPENG
Founded in 2014, XPENG is a leading Chinese AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility.To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.XPENG is listed on the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
For more information, please visit https://www.XPENG.com/.Contacts:
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XPENG Announces Vehicle Delivery Results for May 2026June 1, 2026 12:47 AM
PR Newswire (US) GUANGZHOU, China, June 1, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for May 2026.XPENG delivered a total of 32,158 vehicles in May, representing a 4% increase from the prior month.XPENG's electric vehicles delivered from January to May 2026 are expected to reduce life-cycle greenhouse gas emissions by more than 2 million tons compared to internal combustion engine vehicles — equivalent to the carbon absorption of 33.16 million young trees over 10 years.About XPENGXPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Contacts:For Investor Enquiries:IR Department
XPeng Inc.
Email: ir@xiaopeng.com Jenny Cai
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XPeng Inc.
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XPENG Reports Q1 2026 Results: Gross Margin Sustains High Level of 20.6%, Accelerating Physical AI Mass Production, Commercialization and GlobalizationMay 28, 2026 10:50 AM
PR Newswire (US) First-quarter revenue totaled RMB 13.03 billion. Quarterly gross margin reached 20.6%.Overseas deliveries surpassed 6,000 units for the first time in April, targeting sustained monthly overseas deliveries above 10,000 units in Q4.The Ultra trim took over 80% of early GX orders, becoming one of the most popular choices in the premium segment market in China.In April, ADAS mileage penetration on VLA 2.0-equipped XPENG vehicles surpassed 50% for the first time. VLA 2.0 is currently under testing in Europe.GUANGZHOU, China, May 28, 2026 /PRNewswire/ -- XPENG, a leading Chinese AI-driven technology company, today announced its financial results for the first quarter of 2026.Accelerating Physical AI Commercialization: VLA 2.0, Robotaxi and Humanoid Robotics in Full SwingDuring the earnings call, He Xiaopeng, Chariman & CEO, detailed the company's ongoing transformation from an automotive manufacturer into a global leader in physical AI world.VLA 2.0: VLA 2.0, which saw its ADAS mileage penetration rate on XPENG vehicles exceed 50% for the first time in April, is now being tested in Europe.Robotaxi: XPENG GX fleet is already conducting L4 public-road testing in Guangzhou ahead of Robotaxi pilot operations in Q3. The GX's L4 full-redundancy hardware and dual Turing SoC-based VLA model are decoupled from the vehicle platform, enabling deployment across the entire XPENG lineup, including the MONA series.Humanoid Robotics: XPENG has recently completed the proprietary development of the next-gen agile and low-cost dexterous hand. XPENG strives to mass-produce its IRON humanoid robots by year-end, with initial deployment in XPENG showrooms, followed by commercial deliveries in China and overseas next year.Smart EV Business Drives Profitability, Overseas Markets Expect to Contribute Above 20% of Q2 RevenueMr. He emphasized that within the XPENG ecosystem, its smart EV business has already achieved profitability. Quarterly gross margin reached 20.6%. The rapid growth of the automotive segment has generated strong cash flow, supporting its R&D investment for physical AI.In April, XPENG's single-month overseas deliveries surpassed 6,000 units for the first time. In Q1, XPENG also secured No.1 among emerging Chinese EV brands across Norway, Denmark, Portugal, Indonesia, Belgium and Ireland. Overseas markets expect to contribute above 20% of Q2 revenue.Launched on May 20, the 6-seater flagship SUV XPENG GX is the ultimate culmination of XPENG's technology vision for the L4 era. Priced above RMB 350,000, the Ultra trim took over 80% of early GX orders, becoming one of China's most popular premium models.In H2, XPENG plans to introduce four models globally, targeting sustained monthly overseas deliveries above 10,000 units in Q4 and more than doubling its full-year deliveries abroad.Outlook: Mass Production of Physical AI Will Fuel Huge ReturnsXPENG is advancing the mass production and global commercialization of three core physical AI applications—VLA 2.0, Robotaxi, and humanoid robots—as key pillars with strong potential for both commercial scale and capital returns. "According to XPENG's strategic roadmap, the B2B market is projected to thrive first, and international markets are ultimately expected to yield greater commercial returns than the domestic market", said He.About XPENGFounded in 2014, XPENG is a leading Chinese AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility.To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Munich. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.XPENG is listed on the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).For more information, please visit https://www.xpeng.com/.For Media Enquiries
PR Department
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XPENG Reports First Quarter 2026 Unaudited Financial ResultsMay 28, 2026 5:00 AM
PR Newswire (US) Cash position was RMB42.09 billion (US$6.10 billion) as of March 31, 2026Quarterly total revenues were RMB13.03 billion, a 17.6% decrease year-over-yearQuarterly gross margin was 20.6%, an increase of 5.0 percentage points over the same period of 2025Quarterly vehicle margin was 12.1%, an increase of 1.6 percentage points over the same period of 2025GUANGZHOU, China, May 28, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its unaudited financial results for the three months ended March 31, 2026.Operational and Financial Highlights for the Three Months Ended March 31, 2026
2026Q12025Q42025Q32025Q22025Q12024Q4






Total deliveries62,682116,249116,007103,18194,00891,507Total deliveries of vehicles were 62,682 for the first quarter of 2026, representing a decrease of 33.3% from 94,008 in the corresponding period of 2025.XPENG's physical sales network had a total of 733 stores, covering 256 cities as of March 31, 2026.XPENG self-operated charging station network reached 3,455 stations, including 2,398 XPENG ultra-fast charging stations as of March 31, 2026.Total revenues were RMB13.03 billion (US$1.89 billion) for the first quarter of 2026, representing a decrease of 17.6% from the same period of 2025, and a decrease of 41.4% from the fourth quarter of 2025.Revenues from vehicle sales were RMB11.00 billion (US$1.59 billion) for the first quarter of 2026, representing a decrease of 23.5% from the same period of 2025, and a decrease of 42.3% from the fourth quarter of 2025.Gross margin was 20.6% for the first quarter of 2026, compared with 15.6% for the same period of 2025 and 21.3% for the fourth quarter of 2025.Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was 12.1% for the first quarter of 2026, compared with 10.5% for the same period of 2025 and 13.0% for the fourth quarter of 2025.Net loss was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025. Excluding share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, non-GAAP net loss was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.Net loss attributable to ordinary shareholders of XPENG was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025. Excluding share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, non-GAAP net loss attributable to ordinary shareholders of XPENG was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.Basic and diluted net loss per American depositary share (ADS) were both RMB1.87 (US$0.27) and basic and diluted net loss per ordinary share were both RMB0.93 (US$0.14) for the first quarter of 2026. Each ADS represents two Class A ordinary shares.Non-GAAP basic and diluted net loss per ADS were both RMB1.76 (US$0.26), and non-GAAP basic and diluted net loss per ordinary share were both RMB0.88 (US$0.13) for the first quarter of 2026.Cash position was RMB42.09 billion (US$6.10 billion) as of March 31, 2026, compared with RMB47.66 billion as of December 31, 2025. Cash position includes cash and cash equivalents, restricted cash, short-term investments and time deposits. Time deposits include restricted short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, current portion and non-current portion of long-term deposits. Key Financial Results(in RMB billions, except for percentages)

For the Three Months Ended% Change[ii]
March 31,December 31, March 31,

202620252025YoYQoQ





Vehicle sales11.0019.0714.37-23.5 %-42.3 %Vehicle margin12.1 %13.0 %10.5 %1.6pts-0.9ptsTotal revenues13.0322.2515.81-17.6 %-41.4 %Gross profit2.684.742.469.1 %-43.4 %Gross margin20.6 %21.3 %15.6 %5.0pts-0.7ptsNet (loss) profit(1.78)0.38(0.66)168.7 %N/ANon-GAAP net (loss)
   profit(1.69)0.51(0.43)295.9 %N/ANet (loss) profit
   attributable to
   ordinary shareholders(1.78)0.38(0.66)168.7 %N/ANon-GAAP net (loss)
   profit attributable to
   ordinary shareholders(1.69)0.51(0.43)295.9 %N/AComprehensive (loss)
   profit attributable to
   ordinary shareholders(2.06)0.22(0.69)198.4 %N/A
[ii] Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented Management Commentary"Kickstarted by the successful launch of the GX, XPENG will deliver four new models this year, positioning us for a robust sales growth trajectory," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "This year, I am dedicated to leading our team to achieve the mass production of Robotaxis and humanoid robots. We are nurturing a global business ecosystem to transform physical AI technologies into new growth drivers for revenue and profit.""For the first quarter of 2026, our gross margin surpassed 20%. Our in-house technological innovation and surging international revenue enabled us to remain resilient through the industry's seasonal slowdown," added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. "We will accelerate the mass adoption and commercialization of physical AI applications as a corporate strategic priority."Recent DevelopmentsDeliveries in April 2026Total deliveries were 31,011 vehicles in April 2026.As of April 30, 2026, year-to-date total deliveries were 93,693 vehicles.Launch of XPENG GXOn May 20, 2026, XPENG launched the XPENG GX, its tech flagship SUV.Unaudited Financial Results for the Three Months Ended March 31, 2026Total revenues were RMB13.03 billion (US$1.89 billion) for the first quarter of 2026, representing a decrease of 17.6% from RMB15.81 billion for the same period of 2025 and a decrease of 41.4% from RMB22.25 billion for the fourth quarter of 2025.Revenues from vehicle sales were RMB11.00 billion (US$1.59 billion) for the first quarter of 2026, representing a decrease of 23.5% from RMB14.37 billion for the same period of 2025, and a decrease of 42.3% from RMB19.07 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were mainly attributable to lower vehicle deliveries.Revenues from services and others were RMB2.03 billion (US$0.29 billion) for the first quarter of 2026, representing an increase of 41.2% from RMB1.44 billion for the same period of 2025 and a decrease of 36.1% from RMB3.18 billion for the fourth quarter of 2025. The year-over-year increase was primarily attributable to increased revenues from technical research and development services ("technical R&D services") and parts and accessories sales. The quarter-over-quarter decrease was primarily due to the reduction in technical R&D services revenues following a significant milestone catch-up in the prior quarter, as well as no revenue contribution from carbon credit trading in the current quarter.Cost of sales was RMB10.35 billion (US$1.50 billion) for the first quarter of 2026, representing a decrease of 22.5% from RMB13.35 billion for the same period of 2025 and a decrease of 40.9% from RMB17.51 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were mainly in line with vehicle deliveries as described above.Gross margin was 20.6% for the first quarter of 2026, compared with 15.6% for the same period of 2025 and 21.3% for the fourth quarter of 2025.Vehicle margin was 12.1% for the first quarter of 2026, compared with 10.5% for the same period of 2025 and 13.0% for the fourth quarter of 2025. The year-over-year increase was primarily attributable to the cost reduction and improvement in product mix of models. The quarter-over-quarter decrease was due to higher unit vehicle costs resulting from increased memory chip and battery related costs.Services and others margin was 66.5% for the first quarter of 2026, compared with 66.4% for the same period of 2025 and 70.8% for the fourth quarter of 2025. The quarter-over-quarter decrease was due to a decreased share of the revenue from technical R&D services and parts and accessories sales within total services and other revenue.Research and development expenses were RMB2.91 billion (US$0.42 billion) for the first quarter of 2026, representing an increase of 46.8% from RMB1.98 billion for the same period of 2025 and an increase of 1.1% from RMB2.87 billion for the fourth quarter of 2025. The year-over-year increase was mainly due to higher expenses related to the development of new vehicle models and AI-related technologies as the Company expanded its product portfolio to support future growth.Selling, general and administrative expenses were RMB1.88 billion (US$0.27 billion) for the first quarter of 2026, representing a decrease of 3.2% from RMB1.95 billion for the same period of 2025 and a decrease of 32.5% from RMB2.79 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the lower commission to the franchised stores.Other income, net was RMB0.18 billion (US$0.03 billion) for the first quarter of 2026, representing a decrease of 66.5% from RMB0.54 billion for the same period of 2025 and a decrease of 78.3% from RMB0.84 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the decrease in receipt of government subsidies.Fair value (loss) gain on derivative liability relating to the contingent consideration was a gain of RMB0.05 billion (US$0.01 billion) for the first quarter of 2026, compared with a loss of RMB0.12 billion for the same period of 2025 and a gain of RMB0.04 billion for the fourth quarter of 2025. This non-cash (loss) gain resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. ("DiDi")'s smart auto business.Loss from operations was RMB1.87 billion (US$0.27 billion) for the first quarter of 2026, compared with RMB1.04 billion for the same period of 2025 and RMB0.04 billion for the fourth quarter of 2025.Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.80 billion for the same period of 2025 and a profit of RMB0.08 billion for the fourth quarter of 2025.Net loss was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025.Non-GAAP net loss, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.Net loss attributable to ordinary shareholders of XPENG was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025.Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.Basic and diluted net loss per ADS were both RMB1.87 (US$0.27) for the first quarter of 2026, compared with RMB0.70 basic and diluted net loss per ADS for the first quarter of 2025 and RMB0.40 basic and diluted net profit per ADS for the fourth quarter of 2025.Non-GAAP basic and diluted net loss per ADS were both RMB1.76 (US$0.26) for the first quarter of 2026, compared with RMB0.45 non-GAAP basic and diluted net loss per ADS for the first quarter of 2025 and RMB0.53 and RMB0.52 non-GAAP basic and diluted net profit per ADS for the fourth quarter of 2025, respectively.Balance SheetsAs of March 31, 2026, the Company had a cash position of RMB42.09 billion (US$6.10 billion), compared with RMB45.28 billion as of March 31, 2025 and RMB47.66 billion as of December 31, 2025.Business OutlookFor the second quarter of 2026, the Company expects:Deliveries of vehicles to be between 100,000 and 106,000, representing a year-over-year change of approximately -3.08% to +2.73%, and a quarter-over-quarter increase of approximately 59.54% to 69.11%.Total revenues to be between RMB19.60 billion and RMB20.80 billion, representing a year-over-year increase of approximately 7.25% to 13.82%, and a quarter-over-quarter increase of approximately 50.38% to 59.59%.The above outlook is based on the current market conditions and reflects the Company's preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.Conference CallThe Company's management will host an earnings conference call at 7:00 AM U.S. Eastern Time on May 28, 2026 (7:00 PM Beijing/Hong Kong Time on May 28, 2026).For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.Event Title:               XPENG First Quarter 2026 Earnings Conference Call
Pre-registration link: https://s1.c-conf.com/diamondpass/10054534-c1s7jl.html  Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.xiaopeng.com.A replay of the conference call will be accessible approximately an hour after the conclusion of the call until June 4, 2026, by dialing the following telephone numbers:United States:+1-855-883-1031International:+61-7-3107-6325Hong Kong, China:800-930-639Chinese Mainland:400-120-9216Replay Access Code:10054534About XPENGXPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Use of Non-GAAP Financial MeasuresThe Company uses non-GAAP measures, such as non-GAAP (loss) profit from operations, non-GAAP net (loss) profit, non-GAAP net (loss) profit attributable to ordinary shareholders, non-GAAP basic (loss) profit per ordinary share and non-GAAP basic (loss) profit per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company's operating performance, investors should not consider them in isolation, or as a substitute for net (loss) profit or other consolidated statements of comprehensive (loss) profit data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and non-GAAP Results" set forth in this announcement.Exchange Rate InformationThis announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.8980 to US$1.00, the exchange rate on March 31, 2026, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.For Investor Enquiries
IR Department
XPeng Inc.
E-mail: ir@xiaopeng.comJenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: xpeng@tpg-ir.comFor Media Enquiries
PR Department
XPeng Inc.
E-mail: pr@xiaopeng.com XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

December 31,
March 31,
March 31,
2025RMB
2026RMB
2026US$ASSETS
Current assetsCash and cash equivalents17,329,612
14,460,430
2,096,322Restricted cash6,071,491
5,436,604
788,142Short-term deposits11,388,834
9,568,321
1,387,115Restricted short-term deposits296,277
1,223,833
177,419Short-term investments3,217,293
3,112,654
451,240Long-term deposits, current portion3,020,317
3,453,198
500,609Restricted long-term deposits, current portion600,472
—
—Derivative assets—
2,203
319Accounts and notes receivable, net1,996,917
1,078,429
156,339Installment payment receivables, net,current portion3,553,054
3,213,713
465,891Inventory10,380,668
13,291,855
1,926,914Amounts due from related parties102,219
119,406
17,310Prepayments and other current assets, net5,296,673
5,707,084
827,353
Total current assets63,253,827
60,667,730
8,794,973
Non-current assetsLong-term deposits4,263,542
3,354,922
486,362Restricted long-term deposits1,468,708
1,476,815
214,093Property, plant and equipment, net13,527,237
17,421,250
2,525,551Right-of-use assets, net3,730,921
1,187,653
172,174Intangible assets, net4,253,168
4,120,041
597,281Land use rights, net3,216,526
3,491,040
506,095Installment payment receivables, net6,496,020
5,866,931
850,526Long-term investments2,523,037
2,817,726
408,484Other non-current assets429,644
408,481
59,217





Total non-current assets39,908,803
40,144,859
5,819,783





Total assets103,162,630
100,812,589
14,614,756






 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)


December 31,
  March 31,
March 31,

2025
RMB
2026
RMB
2026
US$
LIABILITIES





Current liabilities





Short-term borrowings
4,282,000
6,764,000
980,574Accounts payable
18,001,675
13,077,399
1,895,825Notes payable
19,161,724
17,817,244
2,582,958Amounts due to related parties
1,064
2,532
367Income taxes payable
44,682
25,921
3,758Derivative liabilities
281,009
227,709
33,011Operating lease liabilities, current portion
445,901
327,703
47,507Finance lease liabilities, current portion
55,581
84,002
12,178Deferred revenue, current portion
1,463,065
1,753,105
254,147Long-term borrowings, current portion
1,837,950
790,251
114,562Accruals and other liabilities
12,538,698
12,463,653
1,806,850






Total current liabilities
58,113,349
53,333,519
7,731,737






Non-current liabilities





Long-term borrowings
6,588,865
9,004,823
1,305,425Operating lease liabilities
4,246,599
2,066,919
299,640Finance lease liabilities
740,576
4,644,769
673,350Deferred revenue
1,206,014
1,275,748
184,945Deferred tax liabilities
330,353
330,353
47,891Other non-current liabilities
1,568,284
1,696,838
245,990Total non-current liabilities
14,680,691
19,019,450
2,757,241Total liabilities
72,794,040
72,352,969
10,488,978






SHAREHOLDERS' EQUITY





Class A Ordinary shares
105
105
15Class B Ordinary shares
21
21
3Additional paid-in capital
71,236,011
71,385,560
10,348,733Statutory and other reserves
137,720
151,302
21,934Accumulated deficit
(42,767,710)
(44,565,392)
(6,460,625)Accumulated other comprehensive income
1,762,443
1,488,024
215,718Total shareholders' equity
30,368,590
28,459,620
4,125,778Total liabilities and shareholders' equity
103,162,630
100,812,589
14,614,756 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE PROFIT/(LOSS)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended
March 31,
December 31,
March 31,
      March 31,
2025
RMB
2025
RMB
2026
RMB
2026
US$
Revenues






Vehicle sales14,369,298
19,072,174
10,999,321
1,594,567Services and others1,441,330
3,181,585
2,034,460
294,935Total revenues15,810,628
22,253,759
13,033,781
1,889,502Cost of sales






Vehicle sales(12,866,303)
(16,583,754)
(9,669,451)
(1,401,776)Services and others(484,795)
(928,199)
(681,737)
(98,831)Total cost of sales(13,351,098)
(17,511,953)
(10,351,188)
(1,500,607)Gross profit2,459,530
4,741,806
2,682,593
388,895Operating expenses






Research and development expenses(1,980,724)
(2,874,248)
(2,906,991)
(421,425)Selling, general and administrative
   expenses(1,946,064)
(2,792,254)
(1,883,438)
(273,041)Other income, net544,040
839,694
182,249
26,421Fair value (loss) gain on derivative
   liability relating to the contingent 
   consideration(118,229)
40,744
51,113
7,410Total operating expenses, net(3,500,977)
(4,786,064)
(4,557,067)
(660,635)Loss from operations(1,041,447)
(44,258)
(1,874,474)
(271,740)Interest income291,227
262,919
257,166
37,281Interest expense(128,935)
(76,485)
(164,994)
(23,919)Fair value loss on derivative assets or
   derivative liabilities—
—
(101)
(15)Investment gain on long-term
   investments79,653
265,364
169,117
24,517Exchange gain (loss) from foreign
   currency transactions130,448
(12,994)
(148,728)
(21,561)Other non-operating income (expenses),
   net20,275
22,173
(959)
(139)(Loss) profit before income tax
   expenses and share of results of
   equity method investees(648,779)
416,719
(1,762,973)
(255,576)Income tax expenses(7,991)
(22,128)
(9,251)
(1,341)Share of results of equity method
   investees(7,276)
(11,383)
(11,876)
(1,722)Net (loss) profit(664,046)
383,208
(1,784,100)
(258,639)Net (loss) profit attributable to
   ordinary shareholders of XPeng Inc.(664,046)
383,208
(1,784,100)
(258,639) XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE PROFIT/(LOSS) (CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended
March 31,
December 31,
   March 31,
March 31, 
2025
RMB
2025
RMB
2026
RMB
2026
US$








Net (loss) profit(664,046)
383,208
(1,784,100)
(258,639)Other comprehensive loss






Foreign currency translation
   adjustment, net of tax(25,710)
(166,194)
(274,419)
(39,782)Total comprehensive (loss) profit
   attributable to XPeng Inc.(689,756)
217,014
(2,058,519)
(298,421)Comprehensive (loss) profit
   attributable to ordinary 
   shareholders of XPeng Inc.(689,756)
217,014
(2,058,519)
(298,421)







Weighted average number of
   ordinary shares used in 
   computing net (loss) profit per
   ordinary share






Basic1,899,365,591
1,908,651,262
1,910,568,643
1,910,568,643Diluted1,899,365,591
1,934,719,272
1,910,568,643
1,910,568,643







Net (loss) profit per ordinary share
   attributable to ordinary 
   shareholders






Basic (0.35)
0.20
(0.93)
(0.14)Diluted(0.35)
0.20
(0.93)
(0.14)







Weighted average number of ADS
   used in computing net (loss) 
   profit per share






Basic 949,682,796
954,325,631
955,284,322
955,284,322Diluted949,682,796
967,359,636
955,284,322
955,284,322







Net (loss) profit per ADS
    attributable to ordinary
    shareholders






Basic (0.70)
0.40
(1.87)
(0.27)Diluted(0.70)
0.40
(1.87)
(0.27) XPENG INC.UNAUDITED RECONCILIATIONS OF GAAP AND
NON-GAAP RESULTS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended
March 31,
December 31,
March 31,
March 31,
2025
RMB
2025
RMB
2026
RMB
2026
US$








Loss from operations(1,041,447)
(44,258)
(1,874,474)
(271,740)Fair value loss (gain) on derivative liability
   relating to the contingent consideration118,229
(40,744)
(51,113)
(7,410)Share-based compensation expenses120,028
162,629
149,549
21,680Non-GAAP (loss) profit from operations(803,190)
77,627
(1,776,038)
(257,470)Net (loss) profit(664,046)
383,208
(1,784,100)
(258,639)Fair value loss (gain) on derivative liability
   relating to the contingent consideration118,229
(40,744)
(51,113)
(7,410)Share-based compensation expenses120,028
162,629
149,549
21,680Non-GAAP net (loss) profit(425,789)
505,093
(1,685,664)
(244,369)







Net (loss) profit attributable to ordinary
   shareholders(664,046)
383,208
(1,784,100)
(258,639)Fair value loss (gain) on derivative liability
   relating to the contingent consideration118,229
(40,744)
(51,113)
(7,410)Share-based compensation expenses 120,028
162,629
149,549
21,680







Non-GAAP net (loss) profit attributable
   to ordinary shareholders of XPeng Inc.(425,789)
505,093
(1,685,664)
(244,369)







Weighted average number of ordinary
   shares used in calculating Non-GAAP
   net (loss) profit per share






Basic1,899,365,591
1,908,651,262
1,910,568,643
1,910,568,643Diluted1,899,365,591
1,934,719,272
1,910,568,643
1,910,568,643







Non-GAAP net (loss) profit per ordinary
   share






Basic(0.22)
0.26
(0.88)
(0.13)Diluted(0.22)
0.26
(0.88)
(0.13)







Weighted average number of ADS used
   in calculating Non-GAAP net (loss)
   profit per share






Basic 949,682,796
954,325,631
955,284,322
955,284,322Diluted949,682,796
967,359,636
955,284,322
955,284,322Non-GAAP net (loss) profit per ADS






Basic (0.45)
0.53
(1.76)
(0.26)Diluted(0.45)
0.52
(1.76)
(0.26)  View original content:https://www.prnewswire.com/news-releases/xpeng-reports-first-quarter-2026-unaudited-financial-results-302784231.htmlSOURCE XPeng Inc. Original: XPENG Reports First Quarter 2026 Unaudited Financial Results

XPENG Robotaxi First Mass-Produced Unit Officially Rolls Off the Production LineMay 18, 2026 8:35 AM
PR Newswire (US) GUANGZHOU, China, May 18, 2026 /PRNewswire/ -- XPENG (NYSE: XPEV, HKEX: 9868), a leading China-based high-tech company, today announced the official rollout of its first mass-produced Robotaxi in Guangzhou. This marks the first time in China that an automaker has achieved mass production of a Robotaxi through full-stack, in-house development.The newly unveiled Robotaxi, built on the XPENG GX platform, is China's first production-ready, pre-assembled Robotaxi model developed entirely with in-house technologies and engineered to L4 autonomous driving standards. Powered by four self-developed Turing AI chips, it delivers an industry-leading effective on-board computing power of 3,000 TOPS.In January of this year, XPENG Robotaxi secured a road testing permit for intelligent connected vehicles in Guangzhou, formally entering the phase of routine L4 public road testing. In March, the company established its Robotaxi business unit to oversee product definition, R&D testing, and operations, thereby accelerating the commercialization roadmap.XPENG's Robotaxi operates without LiDAR or high-definition maps. Instead, it adopts a pure vision solution, with decision-making driven by the VLA 2.0 end-to-end large model. The model eliminates the language-translation step inherent in traditional "Vision-Language-Action" three-stage architectures, compressing system response latency to under 80 milliseconds. It also offers enhanced urban generalization capabilities, supporting cross-city and even cross-border deployment.Designed to deliver premium, safe, luxurious and intelligent travel experience, the mass-produced Robotaxi is equipped with practical intelligent cabin configurations including privacy glass, comfort gravity seats and rear in-car entertainment screens. Passengers can enjoy multimedia entertainment and adjust in-car settings via built-in voice assistant during rides.XPENG plans to initiate pilot Robotaxi operations in the second half of this year to validate technical viability, user acceptance, and the complete business model. The company aims to achieve fully autonomous operations without on-site safety officer by early 2027. On the ecosystem front, XPENG will open its Robotaxi SDK, with Amap becoming its first global ecosystem partner.The Robotaxi sector is currently at a critical inflection point, transitioning from technical validation to large-scale commercialization. As a full-stack automaker with in-house capabilities spanning software, chips, and complete vehicles, XPENG is positioned to move directly to scaled delivery upon completion of technical validation, thereby shortening the cycle from R&D to commercial operations.As one of the flagship products of XPENG's physical AI ecosystem, this mass-produced Robotaxi shares the same VLA 2.0 large model foundation as the humanoid robot IRON and the flying car. The rollout today represents a pivotal step forward in XPENG's journey from physical AI research and development to large-scale deployment.About XPENG
Founded in 2014, XPENG is a leading Chinese AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility.To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.XPENG is listed on the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).For more information, please visit https://www.xpeng.com/.Contacts:
For Media Enquiries:
XPENG PR Department
Email: pr@xiaopeng.com  View original content:https://www.prnewswire.com/news-releases/xpeng-robotaxi-first-mass-produced-unit-officially-rolls-off-the-production-line-302774673.htmlSOURCE XPENG Original: XPENG Robotaxi First Mass-Produced Unit Officially Rolls Off the Production Line

XPENG to Report First Quarter 2026 Financial Results on Thursday, May 28, 2026May 13, 2026 6:00 AM
PR Newswire (US) - Earnings Call Scheduled for 7:00 a.m. ET on May 28, 2026 -GUANGZHOU, China, May 13, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced that it will report its first quarter 2026 unaudited financial results on Thursday, May 28, 2026, before the open of U.S. markets.The Company's management will host an earnings conference call at 7:00 AM U.S. Eastern Time on May 28, 2026 (7:00 PM Beijing/Hong Kong Time on May 28, 2026).For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.Event Title:XPENG First Quarter 2026 Earnings Conference CallPre-registration link:https://s1.c-conf.com/diamondpass/10054534-c1s7jl.html   Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.xiaopeng.com.A replay of the conference call will be accessible approximately an hour after the conclusion of the call until June 4, 2026, by dialing the following telephone numbers:United States:+1-855-883-1031International:+61-7-3107-6325Hong Kong, China:800-930-639China Mainland:400-120-9216Replay PIN:10054534About XPENGXPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Contacts:For Investor Enquiries: 
IR Department
XPeng Inc.
E-mail: ir@xiaopeng.coJenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: xpeng@tpg-ir.comFor Media Enquiries: 
PR Department
XPeng Inc.
E-mail: pr@xiaopeng.com View original content:https://www.prnewswire.com/news-releases/xpeng-to-report-first-quarter-2026-financial-results-on-thursday-may-28-2026-302770738.htmlSOURCE XPeng Inc. Original: XPENG to Report First Quarter 2026 Financial Results on Thursday, May 28, 2026

XPENG Announces Vehicle Delivery Results for April 2026May 1, 2026 2:45 AM
PR Newswire (US)

GUANGZHOU, China, May 1, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for April 2026.In April, XPENG delivered a total of 31,011 vehicles, representing a 13% increase from the prior month.Furthermore, following the official rollout of VLA 2.0 in March, test-drive satisfaction rates at XPENG retail stores recorded a significant increase by the end of April. The average time customers take to make a purchase decision after a test drive also decreased by 44.7% month-over-month, reinforcing intelligent driving as a key driver of sales growth.On April 15, 2026, the Company unveiled the XPENG GX, marking the debut of its first full-sized flagship SUV built around its most advanced cross-domain technologies.On April 7, 2026, XPENG and its European production partner Magna marked the roll-off of the first locally produced P7+ from the production line at Magna's plant in Graz, Austria. This is the third model to be locally manufactured in Austria, following the G6 and G9, deepening XPENG's manufacturing footprint in Europe through its partnerships.About XPENGXPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Contacts:For Investor Enquiries:IR Department
XPeng Inc.
Email: ir@xiaopeng.comJenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.comFor Media Enquiries:PR Department
XPeng Inc.
Email: pr@xiaopeng.com



View original content:https://www.prnewswire.com/news-releases/xpeng-announces-vehicle-delivery-results-for-april-2026-302759981.htmlSOURCE XPeng Inc.

Original: XPENG Announces Vehicle Delivery Results for April 2026

You guys better get with the swapping strategy before you get run over by it.

AI Transforms the World: XPENG Showcases Its Full-Stack Physical AI Ecosystem at Auto China 2026April 24, 2026 11:58 AM
PR Newswire (US)

BEIJING, April 24, 2026 /PRNewswire/ -- The 19th Beijing International Automotive Exhibition (Auto China 2026) officially opened today, where XPENG made a strong impression with its comprehensive product lineup. The showcase featured several major new models, including the GX, the MONA M03, the next P7, and the X9. In addition to its vehicle portfolio, XPENG showcased its next-generation humanoid robot, IRON, and its flying car "Land Aircraft Carrier". Together, these innovations demonstrate the company's latest advancements and its integrated ecosystem strategy in Physical AI.XPENG Beijing Autoshow press kitDuring the exhibition, around 200 media representatives from Europe, Asia-Pacific, the Americas, the Middle East, and Africa attended XPENG's Physical AI "Immersive" China Tour. Delegates toured XPENG's intelligent manufacturing facilities and ARIDGE's production base, and experienced VLA 2.0 through hands-on test drives. A series of technical seminars provided deeper insight into XPENG's developments in intelligent driving, design, flying vehicles, robotics, powertrain systems, and ultra-fast charging technologies.XPENG's First VLA 2.0 Intelligent Driving Report Released; Campus and Underground Parking Lot Safari Are Coming SoonIn March 2026, XPENG officially rolled out its VLA 2.0 intelligent driving system. At Auto China 2026, the company released its first VLA 2.0 Intelligent Driving Report, offering a comprehensive analysis of the system's performance across key metrics, including user adoption, engagement, and purchasing influence. The report indicates that VLA 2.0 is playing an increasingly pivotal role in consumer decision-making. Orders for the XPENG Ultra series rose by 118% month-over-month, with advanced intelligent driving capabilities becoming a primary driver of conversions.Since the launch of in-store VLA 2.0 demonstrations, nearly 100,000 consumers have participated, achieving a 98% satisfaction rate. Notably, the average time from test drive to order placement has decreased by 44.7%, signaling a shift in intelligent driving from a value-added feature to a core purchase consideration. Usage data further demonstrates strong user engagement. During the first week of ownership, 98.52% of users activated intelligent driving features daily. These results suggest that VLA 2.0 effectively addresses long-standing industry challenges related to usability and adoption, delivering a more intuitive and reliable driving experience.XPENG also announced continued expansion of full-scenario capabilities. New features — Campus and Underground Parking Safari—are scheduled for release soon. These functions are designed to handle complex edge cases, including low-light conditions, adverse weather, absence of navigation data, and unmarked roads, further enhancing end-to-end intelligent mobility.He Xiaopeng, Chairman and CEO of XPENG, said: "After 12 years, we are entering a new phase. From smart EVs to flying cars, Turing AI chips, large models, humanoid robots, and Robotaxi, we are steadily turning our vision into reality through Physical AI. It is on this integrated technological foundation that we are driving forward the future of mobility. The real value of intelligent driving lies not just in capability, but in delivering greater efficiency and a more relaxing experience."Advancing Physical AI: A Blueprint for Future Mobility At the conference, He Xiaopeng introduced the GX, a vehicle designed for the L4 autonomous driving era. Positioned as China's first fully in-house developed, factory-integrated Robotaxi prototype intended for mass production, the GX represents a significant milestone. It is equipped with up to four Turing chips, delivering 3,000 TOPS of computing power, and is powered by the VLA 2.0 system. Built on an architecture purpose-designed for L4 autonomy, the GX sets a new benchmark in intelligent driving capability.In 2025, XPENG's overseas deliveries surpassed 45,000 units, representing a 96% year-on-year increase, ranking No.1 in overseas pure-electric sales among Chinese NEV startups. Looking ahead, XPENG will continue to deepen its investment in Physical AI technologies while accelerating the commercialization of next-generation products such as the flying car and humanoid robotics. By optimizing user mobility and life experiences through pragmatic technological innovation, XPENG aims to bring efficiency and convenience to a world powered by Physical AI.About XPENGFounded in 2014, XPENG is a leading AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility. To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province. XPENG is listed at the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).Contacts:XPENG PR Department
Email: pr@xiaopeng.com
Website: https://www.xpeng.com/



View original content:https://www.prnewswire.com/news-releases/ai-transforms-the-world-xpeng-showcases-its-full-stack-physical-ai-ecosystem-at-auto-china-2026-302753092.htmlSOURCE XPENG

Original: AI Transforms the World: XPENG Showcases Its Full-Stack Physical AI Ecosystem at Auto China 2026

Kandi Technologies $KNDI and XPeng Motors $XPEV represent two very different but equally ambitious visions for the future of electric mobility. One is building the foundational battery and off-road EV infrastructure that will power the next wave of electrification, while the other is pushing the boundaries of intelligent, connected, high-performance electric vehicles. Together, they illustrate the breadth, creativity, and competitive energy driving China’s EV ecosystem onto the world stage.

Kandi Technologies has recently stepped into a transformative phase, expanding far beyond its origins as a maker of compact electric vehicles. Its most significant move is a strategic partnership with CBAK Energy to build two lithium-battery production facilities in the United States, a bold step toward strengthening North America’s domestic battery supply chain. The first facility will focus on battery-pack assembly, while the second—planned for a later stage—will manufacture battery cells, creating an end-to-end production ecosystem designed to support off-road EVs, utility vehicles, and broader energy-storage applications.

This expansion is more than a business decision; it’s a strategic response to rising demand for electrified off-road platforms and the growing importance of localized manufacturing. The North American market for utility task vehicles, golf carts, and other off-road EVs was valued at $16.7 billion in 2024 and is projected to reach $25 billion by 2030, making it one of the fastest-growing segments in the EV space. Kandi’s move positions it at the center of this growth, while also aligning with U.S. clean-energy incentives and the broader push for supply-chain resilience.

XPeng Motors, meanwhile, represents the cutting edge of smart EV innovation. Known for its sleek designs, advanced driver-assistance systems, and commitment to autonomous-driving technology, XPeng has become one of China’s most globally recognized EV brands. While the search results did not surface new XPeng-specific updates in this query, XPeng is widely known for its intelligent cockpit systems, high-efficiency electric drivetrains, and aggressive push into international markets—particularly Europe. Its vehicles are often compared to Tesla’s for their blend of performance, software sophistication, and futuristic design.

Where Kandi focuses on practicality, affordability, and the industrial backbone of electrification, XPeng is shaping the aspirational side of the EV market. Kandi is building the batteries, infrastructure, and utility-focused platforms that make electrification possible. XPeng is building the high-tech, connected vehicles that make electrification exciting.

Together, these two companies highlight the dual engines powering the EV revolution: infrastructure and innovation. Kandi is strengthening the supply chain and expanding access to electric mobility through localized battery production and practical vehicle platforms. XPeng is redefining what modern electric vehicles can be, blending intelligence, performance, and design into a compelling vision of the future.

XPENG to Showcase "Physical AI" Ecosystem at Beijing Auto Show, Outlining Global Vision for Smart MobilityApril 17, 2026 9:15 AM
PR Newswire (US)

BEIJING, April 17, 2026 /PRNewswire/ -- XPENG will unveil its next-generation "Physical AI" ecosystem at the Beijing Auto Show starting April 24, showcasing its transition from a smart EV manufacturer to a global leader in physical AI. The presentation will feature a comprehensive portfolio spanning intelligent driving, robotics, and aerial mobility, alongside the latest technical and product updates.2026 marks a milestone as Physical AI enters mass production. At the Auto Show, XPENG will showcase the VLA 2.0 intelligent driving system, flagship models, as well as the latest progress in robotics and flying cars. The VLA 2.0 is redefining how users perceive smart driving, with positive feedback rising, higher model conversion rates, and growing adoption of the Ultra version. The recently launched Mona UltraSE version broadens access to advanced intelligent driving, allowing a younger, wider audience to experience the benefits of  VLA 2.0 technology. Visitors will have the opportunity to engage with key VLA features, including autonomous campus roaming, fully automated parking, and advanced urban navigation.XPENG now operates in over 60 countries and regions globally. In 2025, the company delivered 45,000 vehicles abroad—a 95.6% increase year-on-year—continuing to lead the international expansion of Chinese EVs. The Beijing Auto Show 2026 will mark a significant step in this journey, offering media, partners, and consumers a first-hand look at the future of smart mobility.About XPENGFounded in 2014, XPENG is a leading AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility. To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.XPENG is listed at the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).Contacts:For VLA test drive requests or other media inquiries, please contact the XPENG PR Department via the following channels:Email: pr@xiaopeng.comWebsite: https://www.xpeng.com



View original content:https://www.prnewswire.com/news-releases/xpeng-to-showcase-physical-ai-ecosystem-at-beijing-auto-show-outlining-global-vision-for-smart-mobility-302745933.htmlSOURCE XPENG

Original: XPENG to Showcase "Physical AI" Ecosystem at Beijing Auto Show, Outlining Global Vision for Smart Mobility

XPENG Files 2025 Annual Report on Form 20-FApril 16, 2026 6:18 AM
PR Newswire (US)

GUANGZHOU, China, April 16, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC") on April 16, 2026. The annual report can be accessed on XPENG's investor relations website at https://ir.xiaopeng.com.The Company will provide a hard copy of its annual report, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to ir@xiaopeng.com or Investor Relations Department at XPeng Inc., No. 10, Cencun Fengzhuang Avenue, Tianhe District, Guangzhou, China.About XPENGXPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Contacts:For Investor Enquiries:
IR Department
XPeng Inc.
Email: ir@xiaopeng.com Jenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 / +86-10-6508-0677
Email: xpeng@tpg-ir.com For Media Enquiries:
PR Department
XPeng Inc. 
Email: pr@xiaopeng.com 



View original content:https://www.prnewswire.com/news-releases/xpeng-files-2025-annual-report-on-form-20-f-302744569.htmlSOURCE XPeng Inc.

Original: XPENG Files 2025 Annual Report on Form 20-F

XPENG Publishes 2025 Environmental, Social and Governance ReportApril 16, 2026 5:31 AM
PR Newswire (US)

GUANGZHOU, China, April 16, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced the release of its 2025 Environmental, Social and Governance Report (the "Report"), highlighting its sustainability initiatives and key achievements in 2025.2025 ESG Report Highlights:ESG Recognition: XPENG received the MSCI ESG AAA rating for the third consecutive year, the highest rating among global automakers, underscoring the Company's strong sustainability leadership.Short-term Carbon Target: By 2027, XPENG aims to reduce carbon emissions per passenger vehicle it produces by 9% across its entire lifecycle compared to 2023, and to lower the carbon emission intensity of its corporate operations by 38%.Long-term Carbon Target: XPENG aims to achieve carbon neutrality throughout the lifecycle of its products and within corporate operations by 2050.Sustainable Energy Utilization: XPENG's annual clean energy consumption reached 73,000 MWh, with photovoltaic power generation totaling 106,000 MWh, demonstrating continued progress in scaling renewable energy use.Low-carbon Products: The vehicles produced by XPENG in 2025 are expected to reduce greenhouse gas emissions by more than 6 million tons over their lifecycles compared to conventional cars, supporting emissions-reduction and climate-transition goals.Product Quality: Seven affiliates of XPENG have obtained ISO 9001 quality system certification, and XPENG won the "2025 Quality Progress Award" and the "2025 Quality Management Figure Award," further strengthening its quality management systems.Product Safety: Three XPENG models received five-star safety ratings from C-NCAP, three models earned five-star safety ratings from EURO NCAP, and two models obtained five-star ratings from both C-NCAP and C-GCAP, highlighting the Company's strong safety performance.Information Security: XPENG successfully renewed its ISO 27001 Information Security Management System and ISO 27701 Privacy Information Management System certifications. No cybersecurity incidents or data breaches occurred in 2025, underscoring XPENG's effective data and information security framework.Responsible AI governance: XPENG implemented an AI security and compliance management system covering the entire AI lifecycle — from R&D and testing to deployment, operation and decommissioning — to strengthen governance, protect stakeholder interests, and support responsible innovation and sustainable growth.Community Influence: As of the end of 2025, the XPENG Volunteer Service Task Force had enrolled over 2,100 registered volunteers, fostering a harmonious community.To view the full 2025 ESG Report, please visit the ESG section of XPENG's Investor Relations website: https://ir.xiaopeng.com/esg.About XPENGXPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Contacts:For Investor Enquiries:
IR Department
XPeng Inc.
Email: ir@xiaopeng.comJenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.comFor Media Enquiries:
PR Department
XPeng Inc.
Email: pr@xiaopeng.com



View original content:https://www.prnewswire.com/news-releases/xpeng-publishes-2025-environmental-social-and-governance-report-302744564.htmlSOURCE XPeng Inc.

Original: XPENG Publishes 2025 Environmental, Social and Governance Report

XPENG Announces Vehicle Delivery Results for March and First Quarter 2026April 1, 2026 4:30 AM
PR Newswire (US)

GUANGZHOU, China, April 1, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for March and the first quarter of 2026.In March 2026, XPENG delivered a total of 27,415 vehicles, representing an 80% increase over the prior month. In the first quarter of 2026, XPENG delivered 62,682 vehicles.On March 25, 2026, XPENG introduced a three-year strategy for Latin America and officially entered the Mexican market, marking a major milestone in its global expansion. Under this strategy, the Company plans to launch both pure electric and range-extended electric models in 2027, laying the groundwork for broader market coverage and targeting a leading position in the region by 2028.About XPENGXPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Contacts:For Investor Enquiries:IR Department
XPeng Inc.
Email: ir@xiaopeng.comJenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.comFor Media Enquiries:PR Department
XPeng Inc.
Email: pr@xiaopeng.com



View original content:https://www.prnewswire.com/news-releases/xpeng-announces-vehicle-delivery-results-for-march-and-first-quarter-2026-302731151.htmlSOURCE XPeng Inc.

Original: XPENG Announces Vehicle Delivery Results for March and First Quarter 2026

XPENG Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial ResultsMarch 20, 2026 5:00 AM
PR Newswire (US)

The Company achieved a positive net profit of RMB0.38 billion in the fourth quarter of 2025, recorded a positive net profit for a single quarter for the first time.Cash position was RMB47.66 billion (US$6.81 billion) as of December 31, 2025Quarterly total revenues were RMB22.25 billion, a 38.2% increase year-over-yearQuarterly gross margin was 21.3%, an increase of 6.9 percentage points over the same period of 2024Quarterly vehicle margin was 13.0%, an increase of 3.0 percentage points over the same period of 2024Full year vehicle deliveries reached 429,445, a 125.9% increase year-over-yearFull year revenues reached RMB76.72 billion, an 87.7% increase year-over-yearFull year gross margin was 18.9%, an increase of 4.6 percentage points year-over-yearGUANGZHOU, China, March 20, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its unaudited financial results for the three months and fiscal year ended December 31, 2025.Operational and Financial Highlights for the Three Months Ended December 31, 2025
2025Q42025Q32025Q22025Q12024Q42024Q3






Total deliveries116,249116,007103,18194,00891,50746,533Total deliveries of vehicles were 116,249 for the fourth quarter of 2025, representing an increase of 27.0% from 91,507 in the corresponding period of 2024.XPENG's physical sales network had a total of 721 stores, covering 255 cities as of December 31, 2025.XPENG self-operated charging station network reached 3,159 stations, including 2,108 XPENG ultra-fast charging stations as of December 31, 2025.Total revenues were RMB22.25 billion (US$3.18 billion) for the fourth quarter of 2025, representing an increase of 38.2% from the same period of 2024, and an increase of 9.2% from the third quarter of 2025.Revenues from vehicle sales were RMB19.07 billion (US$2.73 billion) for the fourth quarter of 2025, representing an increase of 30.0% from the same period of 2024, and an increase of 5.6% from the third quarter of 2025.Gross margin was 21.3% for the fourth quarter of 2025, compared with 14.4% for the same period of 2024 and 20.1% for the third quarter of 2025.Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was 13.0% for the fourth quarter of 2025, compared with 10.0% for the same period of 2024 and 13.1% for the third quarter of 2025.Net profit was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared with a loss of RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net profit was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.Net profit attributable to ordinary shareholders of XPENG was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared a loss of with RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net profit attributable to ordinary shareholders of XPENG was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.Basic and diluted net profit per American depositary share (ADS) were both RMB0.40 (US$0.06) and basic and diluted net profit per ordinary share were both RMB0.20 (US$0.03) for the fourth quarter of 2025. Each ADS represents two Class A ordinary shares.Non-GAAP basic and diluted net profit per ADS were RMB0.53 (US$0.08) and RMB0.52 (US$0.07), respectively, and non-GAAP basic and diluted net profit per ordinary share were both RMB0.26 (US$0.04) for the fourth quarter of 2025.Cash position was RMB47.66 billion (US$6.81 billion) as of December 31, 2025, compared with RMB41.96 billion as of December 31, 2024.    Cash position includes cash and cash equivalents, restricted cash, short-term investments and time deposits. Time deposits include restricted
     short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, current portion and non-current
     portion of long-term deposits. Key Financial Results(in RMB billions, except for percentage)

For the Three Months Ended     % Change[ii]
December 31,September 30,December 31,

202520252024YoYQoQ





Vehicle sales19.0718.0514.6730.0 %5.6 %Vehicle margin13.0 %13.1 %10.0 %3.0 pts-0.1ptsTotal revenues22.2520.3816.1138.2 %9.2 %Gross profit4.744.102.32104.0 %15.5 %Gross margin21.3 %20.1 %14.4 %6.9 pts1.2 ptsNet profit (loss)0.38(0.38)(1.33)128.8 %200.6 %Non-GAAP net profit (loss)0.51(0.15)(1.39)136.3 %432.6 %Net profit (loss) attributable to
      ordinary shareholders0.38(0.38)(1.33)128.8 %200.6 %Non-GAAP net profit (loss)
      attributable to ordinary
      shareholders0.51(0.15)(1.39)136.3 %432.6 %Comprehensive profit (loss)
      attributable to ordinary
      shareholders0.22(0.50)(0.90)124.2 %143.1 %
[ii]     Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presentedManagement Commentary"In 2025, XPENG delivered a total of 429,445 vehicles, representing a 125.9% year-over-year increase. We continue to push the boundaries of Physical AI, accelerating the mass production and commercialization of product innovations as we expand our global footprint," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "I believe XPENG is at a historical inflection point for Physical AI applications. Our goal is not only to grow our global market share of AI-defined vehicles and bridge the gap from L2+ assisted driving to L4 autonomous driving, but also to bring our second-generation VLA model to international markets and achieve scale production of advanced humanoid robots.""In the fourth quarter of 2025, XPENG's gross margin reached 21.3%, reaching a new record high, with net profit hitting RMB0.38 billion. By leveraging a business model driven by technological leadership, we have established a profitability path that sets us apart from traditional automakers," added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. "Our cash on hand of RMB47.66 billion at 2025 year-end provides a solid foundation for our unwavering investment in Physical AI R&D."Recent DevelopmentsDeliveries in January and February 2026Total deliveries were 20,011 vehicles in January 2026.Total deliveries were 15,256 vehicles in February 2026.As of February 28, 2026, year-to-date total deliveries were 35,267 vehicles.Deployment Progress and Technological breakthroughs of VLA 2.0 Intelligent Driving SystemDuring XPENG's "The Future" VLA Media Experience Day on March 2, 2026, the company unveiled the architecture and deployment plan for its VLA 2.0 intelligent driving system.Unaudited Financial Results for the Three Months Ended December 31, 2025Total revenues were RMB22.25 billion (US$3.18 billion) for the fourth quarter of 2025, representing an increase of 38.2% from RMB16.11 billion for the same period of 2024 and an increase of 9.2% from RMB20.38 billion for the third quarter of 2025.Revenues from vehicle sales were RMB19.07 billion (US$2.73 billion) for the fourth quarter of 2025, representing an increase of 30.0% from RMB14.67 billion for the same period of 2024, and an increase of 5.6% from RMB18.05 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly attributable to higher deliveries.Revenues from services and others were RMB3.18 billion (US$0.45 billion) for the fourth quarter of 2025, representing an increase of 121.9% from RMB1.43 billion for the same period of 2024 and an increase of 36.7% from RMB2.33 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributable to the increased revenues from (i) technical research and development services ("technical R&D services") rendered to a car manufacturer (the "Manufacturer") with the successful achievement of certain key milestones in the current quarter, under the agreement entered into with the Manufacturer; (ii) parts and accessories sales in line with higher accumulated vehicle sales; and (iii) carbon credit trading.Cost of sales was RMB17.51 billion (US$2.50 billion) for the fourth quarter of 2025, representing an increase of 27.1% from RMB13.78 billion for the same period of 2024 and an increase of 7.6% from RMB16.28 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly in line with vehicle deliveries as described above.Gross margin was 21.3% for the fourth quarter of 2025, compared with 14.4% for the same period of 2024 and 20.1% for the third quarter of 2025.Vehicle margin was 13.0% for the fourth quarter of 2025, compared with 10.0% for the same period of 2024 and 13.1% for the third quarter of 2025. The year-over-year increase was primarily attributable to the ongoing cost reduction and improvement in product mix of models.Services and others margin was 70.8% for the fourth quarter of 2025, compared with 59.6% for the same period of 2024 and 74.6% for the third quarter of 2025. The year-over-year increase was primarily attributable to the aforementioned revenue from technical R&D services, parts and accessories sales and carbon credit trading.Research and development expenses were RMB2.87 billion (US$0.41 billion) for the fourth quarter of 2025, representing an increase of 43.2% from RMB2.01 billion for the same period of 2024 and an increase of 18.3% from RMB2.43 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly due to higher expenses related to the development of new vehicle models and technologies as the Company expanded its product portfolio to support future growth.Selling, general and administrative expenses were RMB2.79 billion (US$0.40 billion) for the fourth quarter of 2025, representing an increase of 22.7% from RMB2.28 billion for the same period of 2024 and an increase of 12.0% from RMB2.49 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily due to the higher commission to the franchised stores related to sales volume and the launch of new models. The year-over-year increase was further due to higher marketing and advertising expenses.Other income, net was RMB0.84 billion (US$0.12 billion) for the fourth quarter of 2025, representing an increase of 327.5% from RMB0.20 billion for the same period of 2024 and an increase of 498.6% from RMB0.14 billion for the third quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily due to the increase in receipt of government subsidies.Fair value gain (loss) on derivative liability relating to the contingent consideration was gain of RMB0.04 billion (US$0.01 billion) for the fourth quarter of 2025, compared with gain of RMB0.20 billion for the same period of 2024 and loss of RMB0.07 billion for the third quarter of 2025. This non-cash gain (loss) resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. ("DiDi")'s smart auto business.Loss from operations was RMB0.04 billion (US$0.01 billion) for the fourth quarter of 2025, compared with RMB1.56 billion for the same period of 2024 and RMB0.75 billion for the third quarter of 2025.Non-GAAP profit from operations, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.08 billion (US$0.01 billion) for the fourth quarter of 2025, compared with a loss of RMB1.62 billion for the same period of 2024 and a loss of RMB0.52 billion for the third quarter of 2025.Net profit was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared with a loss of RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025.Non-GAAP net profit, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.Net profit attributable to ordinary shareholders of XPENG was RMB0.38 billion (US$0.05 billion) for the fourth quarter of 2025, compared with a loss of RMB1.33 billion for the same period of 2024 and a loss of RMB0.38 billion for the third quarter of 2025.Non-GAAP net profit attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.51 billion (US$0.07 billion) for the fourth quarter of 2025, compared with a loss of RMB1.39 billion for the same period of 2024 and a loss of RMB0.15 billion for the third quarter of 2025.Basic and diluted net profit per ADS were both RMB0.40 (US$0.06) for the fourth quarter of 2025, compared with RMB1.40 basic and diluted net loss per ADS for the fourth quarter of 2024 and RMB0.40 basic and diluted net loss per ADS for the third quarter of 2025.Non-GAAP basic and diluted net profit per ADS were RMB0.53 (US$0.08) and RMB0.52 (US$0.07) for the fourth quarter of 2025, respectively, compared with RMB1.47 non-GAAP basic and diluted net loss per ADS for the fourth quarter of 2024 and RMB0.16 non-GAAP basic and diluted net loss per ADS for the third quarter of 2025.Balance SheetsAs of December 31, 2025, the Company had cash position of RMB47.66 billion (US$6.81 billion), compared with RMB41.96 billion as of December 31, 2024 and RMB48.33 billion as of September 30, 2025.Unaudited Financial Results for the Fiscal Year Ended December 31, 2025Total revenues were RMB76.72 billion (US$10.97 billion) for fiscal year of 2025, representing an increase of 87.7% from RMB40.87 billion for the prior year.Revenues from vehicle sales were RMB68.38 billion (US$9.78 billion) for fiscal year of 2025, representing an increase of 90.8% from RMB35.83 billion for the prior year. The year-over-year increase was mainly attributable to higher deliveries.Revenues from services and others were RMB8.34 billion (US$1.19 billion) for fiscal year of 2025, representing an increase of 65.6% from RMB5.04 billion for the prior year. The year-over-year increase was primarily attributable to the increased revenues from (i) technical R&D services rendered to the Manufacturer with the successful achievement of certain key milestones in the current period, under the agreement entered into with the Manufacturer; (ii) parts and accessories sales in line with higher accumulated vehicle sales; and (iii) carbon credit trading.Cost of sales was RMB62.25 billion (US$8.9 billion) for fiscal year of 2025, representing an increase of 77.7% from RMB35.02 billion for the prior year. The year-over-year increase was mainly in line with vehicle deliveries as described above.Gross margin was 18.9% for fiscal year of 2025, compared with 14.3% for the prior year.Vehicle margin was 12.8% for fiscal year of 2025, compared with 8.3% for the prior year. The year-over-year increase was primarily attributable to the ongoing cost reduction and improvement in product mix of models.Services and others margin was 68.2% for fiscal year of 2025, compared with 57.2% for the prior year. The year-over-year increase was primarily attributable to the aforementioned revenue from technical R&D services, parts and accessories sales and carbon credit trading.Research and development expenses were RMB9.49 billion (US$1.36 billion) for fiscal year of 2025, representing an increase of 47.0% from RMB6.46 billion for the prior year. The year-over-year increase was mainly due to higher expenses related to the development of new vehicle models and technologies as the Company expanded its product portfolio to support future growth.Selling, general and administrative expenses were RMB9.40 billion (US$1.34 billion) for fiscal year of 2025, representing an increase of 36.8% from RMB6.87 billion for the prior year. The year-over-year increase was primarily due to the higher commission to the franchised stores driven by higher sales volume, higher marketing and advertising expenses and higher employee compensation as a result of the growth in number of employees.Other income, net was RMB1.76 billion (US$0.25 billion) for fiscal year of 2025, representing an increase of 198.9% from RMB0.59 billion for the prior year. The year-over-year increase was primarily due to the increase in receipt of government subsidies.Fair value gain (loss) on derivative liability relating to the contingent consideration was loss of RMB0.12 billion (US$0.02 billion) for fiscal year of 2025, compared with gain of RMB0.23 billion for the prior year. This non-cash gain (loss) resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. ("DiDi")'s smart auto business.Loss from operations was RMB2.77 billion (US$0.40 billion) for fiscal year of 2025, compared with RMB6.66 billion for the prior year.Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB2.09 billion (US$0.30 billion) for fiscal year of 2025, compared with RMB6.42 billion for the prior year.Net loss was RMB1.14 billion (US$0.16 billion) for fiscal year of 2025, compared with RMB5.79 billion for the prior year.Non-GAAP net loss, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.46 billion (US$0.07 billion) for fiscal year of 2025, compared with RMB5.55 billion for the prior year.Net loss attributable to ordinary shareholders of XPENG was RMB1.14 billion (US$0.16 billion) for fiscal year of 2025, compared with RMB5.79 billion for the prior year.Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.46 billion (US$0.07 billion) for fiscal year of 2025, compared with RMB5.55 billion for the prior year.Basic and diluted net loss per ADS were both RMB1.20 (US$0.17) for fiscal year of 2025, compared with RMB6.12 for the prior year.Non-GAAP basic and diluted net loss per ADS were both RMB0.48 (US$0.07) for fiscal year of 2025, compared with RMB5.87 for the prior year.Business OutlookFor the first quarter of 2026, the Company expects:Deliveries of vehicles to be between 61,000 and 66,000, representing a year-over-year decrease of approximately 29.79% to 35.11%.Total revenues to be between RMB12.20 billion and RMB13.28 billion, representing a year-over-year decrease of approximately 16.01% to 22.84%.The above outlook is based on the current market conditions and reflects the Company's preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.Conference CallThe Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on March 20, 2026 (8:00 PM Beijing/Hong Kong Time on March 20, 2026).For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.Event Title:               XPENG Fourth Quarter and Fiscal Year 2025 Earnings Conference Call
Pre-registration link: https://s1.c-conf.com/diamondpass/10052981-bng765.htmlAdditionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.xiaopeng.com.A replay of the conference call will be accessible approximately an hour after the conclusion of the call until March 27, 2026, by dialing the following telephone numbers:United States:+1-855-883-1031International:+61-7-3107-6325Hong Kong, China:800-930-639Mainland China:400-120-9216Replay Access Code:10052981About XPENGXPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Use of Non-GAAP Financial MeasuresThe Company uses non-GAAP measures, such as non-GAAP (loss) profit from operations, non-GAAP net (loss) profit, non-GAAP net (loss) profit attributable to ordinary shareholders, non-GAAP basic (loss) profit per weighted average number of ordinary shares and non-GAAP basic (loss) profit per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company's operating performance, investors should not consider them in isolation, or as a substitute for net (loss) profit or other consolidated statements of comprehensive (loss) profit data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and non-GAAP Results" set forth in this announcement.Exchange Rate InformationThis announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.9931 to US$1.00, the exchange rate on December 31, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.For Investor Enquiries
IR Department
XPeng Inc.
E-mail: ir@xiaopeng.comJenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: xpeng@tpg-ir.comFor Media Enquiries
PR Department
XPeng Inc.
E-mail: pr@xiaopeng.com XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

As of December 31
2024RMB
2025RMB
2025US$ASSETSCurrent assetsCash and cash equivalents18,586,274
17,329,612
2,478,102Restricted cash3,153,390
6,071,491
868,212Short-term deposits12,931,757
11,388,834
1,628,582Restricted short-term deposits110,699
296,277
42,367Short-term investments751,290
3,217,293
460,067Long-term deposits, current portion452,326
3,020,317
431,900Restricted long-term deposits, current portion—
600,472
85,866Accounts and notes receivable, net2,449,629
1,996,917
285,555Installment payment receivables, net,current portion2,558,756
3,553,054
508,080Inventory5,562,922
10,380,668
1,484,416Amounts due from related parties43,714
102,219
14,617Prepayments and other current assets3,135,312
5,296,673
757,415Total current assets49,736,069
63,253,827
9,045,179





Non-current assetsLong-term deposits4,489,036
4,263,542
609,678Restricted long-term deposits1,487,688
1,468,708
210,022Property, plant and equipment, net11,521,863
13,527,237
1,934,369Right-of-use assets, net1,261,663
3,730,921
533,515Intangible assets, net4,610,469
4,253,168
608,195Land use rights, net2,744,424
3,216,526
459,957Installment payment receivables, net4,448,416
6,496,020
928,919Long-term investments1,963,194
2,523,037
360,789Other non-current assets443,283
429,644
61,438





Total non-current assets32,970,036
39,908,803
5,706,882





Total assets82,706,105
103,162,630
14,752,061 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)




As of December 31

2024
2025
2025

RMB 
 RMB 
US$ LIABILITIES





Current liabilities





Short-term borrowings
4,609,123
4,282,000
612,318Accounts payable
15,181,585
18,001,675
2,574,205Notes payable
7,898,896
19,161,724
2,740,090Amounts due to related parties
9,364
1,064
152Income taxes payable
14,514
44,682
6,389Derivative liability
—
281,009
40,184Operating lease liabilities, current portion
324,496
445,901
63,763Finance lease liabilities, current portion
41,940
55,581
7,948Deferred revenue, current portion
1,275,716
1,463,065
209,216Long-term borrowings, current portion
1,858,613
1,837,950
262,823Accruals and other liabilities
8,650,636
12,538,698
1,793,010Total current liabilities
39,864,883
58,113,349
8,310,098Non-current liabilities





Long-term borrowings
5,664,518
6,588,865
942,195Operating lease liabilities
1,345,852
4,246,599
607,256Finance lease liabilities
777,697
740,576
105,901Deferred revenue
822,719
1,206,014
172,458Derivative liability
167,940
—
—Deferred tax liabilities
341,932
330,353
47,240Other non-current liabilities
2,445,776
1,568,284
224,262Total non-current liabilities
11,566,434
14,680,691
2,099,312Total liabilities
51,431,317
72,794,040
10,409,410






SHAREHOLDERS' EQUITY





Class A Ordinary shares
104
105
15Class B Ordinary shares
21
21
3Additional paid-in capital
70,671,685
71,236,011
10,186,614Statutory and other reserves
95,019
137,720
19,694Accumulated deficit
(41,585,549)
(42,767,710)
(6,115,701)Accumulated other comprehensive income
2,093,508
1,762,443
252,026Total shareholders' equity
31,274,788
30,368,590
4,342,651Total liabilities and shareholders' equity
82,706,105
103,162,630
14,752,061 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE PROFIT/(LOSS)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended
December 31, 
September 30, 
December 31, 
      December 31, 
2024
2025
2025
2025
RMB 
RMB 
RMB 
    US$ Revenues






Vehicle sales14,671,128
18,053,752
19,072,174
2,727,285Services and others1,433,968
2,327,198
3,181,585
454,961Total revenues16,105,096
20,380,950
22,253,759
3,182,246Cost of sales






Vehicle sales(13,200,594)
(15,686,646)
(16,583,754)
(2,371,445)Services and others(579,725)
(590,051)
(928,199)
(132,731)Total cost of sales(13,780,319)
(16,276,697)
(17,511,953)
(2,504,176)Gross profit2,324,777
4,104,253
4,741,806
678,070Operating expenses






Research and development expenses(2,006,463)
(2,428,863)
(2,874,248)
(411,012)Selling, general and administrative
     expenses(2,275,400)
(2,492,897)
(2,792,254)
(399,287)Other income, net196,436
140,283
839,694
120,075Fair value gain (loss) on derivative
     liability relating to the contingent
     consideration204,637
(73,824)
40,744
5,826Total operating expenses, net(3,880,790)
(4,855,301)
(4,786,064)
(684,398)Loss from operations(1,556,013)
(751,048)
(44,258)
(6,328)Interest income301,177
300,840
262,919
37,597Interest expense(94,001)
(99,350)
(76,485)
(10,937)Investment gain on long-term investments10,069
131,115
265,364
37,947Exchange (loss) gain from foreign
     currency transactions(104,994)
25,860
(12,994)
(1,858)Other non-operating income (expenses),
     net94,093
(1,113)
22,173
3,171







(Loss) profit before income tax benefit
     (expenses) and share of results of
     equity method investees(1,349,669)
(393,696)
416,719
59,592Income tax benefit (expenses)44,092
7,113
(22,128)
(3,164)Share of results of equity method
     investees(24,396)
5,715
(11,383)
(1,628)Net (loss) profit(1,329,973)
(380,868)
383,208
54,800Net (loss) profit attributable to
     ordinary shareholders of XPeng Inc.(1,329,973)
(380,868)
383,208
54,800 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE PROFIT/(LOSS) (CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)


Three Months Ended
December 31, 
September 30, 
December 31, 
December 31, 
2024
2025
2025
2025
RMB 
RMB 
RMB 
US$ 







Net (loss) profit(1,329,973)
(380,868)
383,208
54,800Other comprehensive profit (loss)






Foreign currency translation adjustment,
     net of tax433,820
(122,747)
(166,194)
(23,765)Total comprehensive (loss) profit
     attributable to XPeng Inc.(896,153)
(503,615)
217,014
31,035Comprehensive (loss) profit
     attributable to ordinary
     shareholders of XPeng Inc.(896,153)
(503,615)
217,014
31,035







Weighted average number of
     ordinary shares used in computing
     net (loss) profit per ordinary share






Basic1,898,086,802
1,905,381,418
1,908,651,262
1,908,651,262Diluted1,898,086,802
1,905,381,418
1,934,719,272
1,934,719,272







Net (loss) profit per ordinary share
     attributable to ordinary
     shareholders






Basic (0.70)
(0.20)
0.20
0.03Diluted(0.70)
(0.20)
0.20
0.03







Weighted average number of ADS
     used in computing net (loss) profit
     per share






Basic 949,043,401
952,690,709
954,325,631
954,325,631Diluted949,043,401
952,690,709
967,359,636
967,359,636







Net (loss) profit per ADS attributable
     to ordinary shareholders






Basic (1.40)
(0.40)
0.40
0.06Diluted(1.40)
(0.40)
0.40
0.06 XPENG INC.UNAUDITED RECONCILIATIONS OF GAAP ANDNON-GAAP RESULTS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)



Three Months Ended

December 31, 
September 30, 
December 31, 
December 31, 
2024
2025
2025
2025
RMB 
RMB 
RMB 
US$ 







Loss from operations(1,556,013)
(751,048)
(44,258)
(6,328)Fair value (gain) loss on derivative
     liability relating to the contingent
     consideration(204,637)
73,824
(40,744)
(5,826)Share-based compensation expenses143,675
155,195
162,629
23,256







Non-GAAP (loss) profit from
     operations(1,616,975)
(522,029)
77,627
11,102Net (loss) profit(1,329,973)
(380,868)
383,208
54,800Fair value (gain) loss on derivative
     liability relating to the contingent
     consideration(204,637)
73,824
(40,744)
(5,826)Share-based compensation expenses143,675
155,195
162,629
23,256Non-GAAP net (loss) profit(1,390,935)
(151,849)
505,093
72,230







Net (loss) profit attributable to
     ordinary shareholders(1,329,973)
(380,868)
383,208
54,800Fair value (gain) loss on derivative
     liability relating to the contingent
     consideration(204,637)
73,824
(40,744)
(5,826)Share-based compensation expenses 143,675
155,195
162,629
23,256







Non-GAAP net (loss) profit
     attributable to ordinary
     shareholders of XPeng Inc.(1,390,935)
(151,849)
505,093
72,230








 XPENG INC.UNAUDITED RECONCILIATIONS OF GAAP ANDNON-GAAP RESULTS (CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended
December 31, 
September 30, 
December 31, 
December 31, 
2024
2025
2025
2025
RMB 
RMB 
RMB 
US$ Weighted average number of
     ordinary shares used in
     calculating Non-GAAP net (loss)
     profit per share






Basic1,898,086,802
1,905,381,418
1,908,651,262
1,908,651,262Diluted1,898,086,802
1,905,381,418
1,934,719,272
1,934,719,272







Non-GAAP net (loss) profit per
     ordinary share






Basic(0.73)
(0.08)
0.26
0.04Diluted(0.73)
(0.08)
0.26
0.04







Weighted average number of ADS
     used in calculating Non-GAAP
     net (loss) profit per share






Basic 949,043,401
952,690,709
954,325,631
954,325,631Diluted949,043,401
952,690,709
967,359,636
967,359,636Non-GAAP net (loss) profit per ADS






Basic (1.47)
(0.16)
0.53
0.08Diluted(1.47)
(0.16)
0.52
0.07 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE LOSS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)



For the Year Ended December 31


2024
2025
2025


RMB 
RMB 
    US$ 







Revenues






Vehicle sales

35,829,402
68,378,920
9,778,056Services and others

5,036,907
8,340,822
1,192,722Total revenues

40,866,309
76,719,742
10,970,778Cost of sales






Vehicle sales

(32,866,163)
(59,598,391)
(8,522,457)Services and others

(2,154,378)
(2,648,432)
(378,721)Total cost of sales

(35,020,541)
(62,246,823)
(8,901,178)Gross profit

5,845,768
14,472,919
2,069,600Operating expenses






Research and development expenses

(6,456,734)
(9,489,979)
(1,357,049)Selling, general and administrative expenses

(6,870,644)
(9,398,456)
(1,343,961)Other income, net

589,227
1,761,419
251,880Fair value gain (loss) on derivative liability
     relating to the contingent consideration

234,245
(117,305)
(16,774)Total operating expenses, net

(12,503,906)
(17,244,321)
(2,465,904)Loss from operations

(6,658,138)
(2,771,402)
(396,304)Interest income

1,374,525
1,163,210
166,337Interest expense

(343,982)
(379,931)
(54,329)Investment (loss) gain on long-term investments

(261,991)
500,533
71,575Exchange (loss) gain from foreign currency
     transactions

(49,543)
285,998
40,897Other non-operating income, net

108,154
44,789
6,405Loss before income tax benefit (expenses) and
      share of results of equity method investees

(5,830,975)
(1,156,803)
(165,419)







Income tax benefit (expenses)

69,780
(13,585)
(1,943)Share of results of equity method investees

(29,069)
30,928
4,423Net loss

(5,790,264)
(1,139,460)
(162,939)Net loss attributable to ordinary shareholders
      of XPeng Inc.

(5,790,264)
(1,139,460)
(162,939)







 XPENG INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE LOSS (CONTINUED)(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)



For the Year Ended December 31


2024
2025
2025


RMB 
RMB 
US$ 







Net loss

(5,790,264)
(1,139,460)
(162,939)Other comprehensive income






Foreign currency translation adjustment,
     net of tax

262,870
(331,065)
(47,342)Total comprehensive loss attributable
     to XPeng Inc.

(5,527,394)
(1,470,525)
(210,281)Comprehensive loss attributable to
     ordinary shareholders of XPeng Inc.

(5,527,394)
(1,470,525)
(210,281)







Weighted average number of ordinary
     shares used in computing net loss per
     ordinary share






Basic and diluted

1,891,357,212
1,903,989,310
1,903,989,310







Net loss per ordinary share
     attributable to ordinary shareholders






Basic and diluted

(3.06)
(0.60)
(0.09)







Weighted average number of ADS used
     in computing net loss per share






Basic and diluted

945,678,606
951,994,655
951,994,655







Net loss per ADS attributable to
     ordinary shareholders






Basic and diluted

(6.12)
(1.20)
(0.17) XPENG INC.UNAUDITED RECONCILIATIONS OF GAAP ANDNON-GAAP RESULTS(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)



For the Year Ended December 31


2024
2025
2025


RMB 
RMB 
US$ 







Loss from operations

(6,658,138)
(2,771,402)
(396,304)Fair value (gain) loss on derivative liability
     relating to the contingent consideration

(234,245)
117,305
16,774Share-based compensation expenses

473,655
564,327
80,698Non-GAAP loss from operations

(6,418,728)
(2,089,770)
(298,832)Net loss

(5,790,264)
(1,139,460)
(162,939)Fair value (gain) loss on derivative liability
     relating to the contingent consideration

(234,245)
117,305
16,774Share-based compensation expenses

473,655
564,327
80,698Non-GAAP net loss

(5,550,854)
(457,828)
(65,467)Net loss attributable to ordinary shareholders

(5,790,264)
(1,139,460)
(162,939)Fair value (gain) loss on derivative liability
     relating to the contingent consideration

(234,245)
117,305
16,774Share-based compensation expenses

473,655
564,327
80,698







Non-GAAP net loss attributable to
     ordinary shareholders of XPeng Inc.

(5,550,854)
(457,828)
(65,467)







Weighted average number of ordinary
     shares used in calculating Non-GAAP
     net loss per share






Basic and diluted

1,891,357,212
1,903,989,310
1,903,989,310







Non-GAAP net loss per ordinary share






Basic and diluted

(2.93)
(0.24)
(0.03)







Weighted average number of ADS used
     in calculating Non-GAAP net loss per
     share






Basic and diluted

945,678,606
951,994,655
951,994,655







Non-GAAP net loss per ADS






Basic and diluted

(5.87)
(0.48)
(0.07) 



View original content:https://www.prnewswire.com/news-releases/xpeng-reports-fourth-quarter-and-fiscal-year-2025-unaudited-financial-results-302719660.htmlSOURCE XPeng Inc.

Original: XPENG Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results

XPENG to Report Fourth Quarter and Fiscal Year 2025 Financial Results on Friday, March 20, 2026March 5, 2026 4:00 AM
PR Newswire (US)

- Earnings Call Scheduled for 8:00 a.m. ET on March 20, 2026 -GUANGZHOU, China, March 5, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced that it will report its fourth quarter and fiscal year 2025 unaudited financial results on Friday, March 20, 2026, before the open of U.S. markets.The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on March 20, 2026 (8:00 PM Beijing/Hong Kong Time on March 20, 2026).For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.Event Title:XPENG Fourth Quarter and Fiscal Year 2025 Earnings Conference CallPre-registration link:https://s1.c-conf.com/diamondpass/10052981-bng765.html  Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.xiaopeng.com.A replay of the conference call will be accessible approximately an hour after the conclusion of the call until March 27, 2026, by dialing the following telephone numbers:United States:+1-855-883-1031International:+61-7-3107-6325Hong Kong, China:800-930-639China Mainland:400-120-9216Replay PIN:10052981About XPENGXPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.For Investor Enquiries:
IR Department
XPeng Inc.
E-mail: ir@xiaopeng.com Jenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: xpeng@tpg-ir.com For Media Enquiries:
PR Department
XPeng Inc.
E-mail: pr@xiaopeng.com 



View original content:https://www.prnewswire.com/news-releases/xpeng-to-report-fourth-quarter-and-fiscal-year-2025-financial-results-on-friday-march-20-2026-302705057.htmlSOURCE XPeng Inc.

Original: XPENG to Report Fourth Quarter and Fiscal Year 2025 Financial Results on Friday, March 20, 2026

NIO, XPeng & Li Auto Post Delivery Results for February
https://finance.yahoo.com/news/nio-xpeng-li-auto-post-143000858.html $XPEV $LI $NIO

XPENG Announces Vehicle Delivery Results for February 2026March 1, 2026 1:45 AM
PR Newswire (US)

GUANGZHOU, China, March 1, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for February 2026.XPENG delivered a total of 15,256 vehicles in February.Also in February, XPENG began global deliveries of the new XPENG P7+, with the initial shipment bound for 18 countries. This milestone marks a significant step in bringing the vehicle's intelligent, spacious driving experience to young families worldwide.XPENG will also host a media experience event on March 2, 2026 in Guangzhou, where it will unveil its 2nd Gen VLA ahead of its official rollout in later March.About XPENGXPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Contacts:For Investor Enquiries:IR Department
XPeng Inc.
Email: ir@xiaopeng.comJenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.comFor Media Enquiries:PR Department
XPeng Inc.
Email: pr@xiaopeng.com



View original content:https://www.prnewswire.com/news-releases/xpeng-announces-vehicle-delivery-results-for-february-2026-302700323.htmlSOURCE XPeng Inc.

Original: XPENG Announces Vehicle Delivery Results for February 2026

$XPEV NIO founded in 2014 after 10 years, estimated revenue in 2024 (10 billion)
XPeng founded in 2014 after 10 years. estimated revenue 2024 (5 billion)
BYD founded in 1995 after 10 years, revenue 2005 (3.4 billion)
TESLA founded in 2003 after 10 years, revenue 2013 (2 billion)
Geely founded in 1997 after 10 years, revenue 2007 (2 billion)
Rivian founded in 2009 after 10 years, revenue 2019 (1.3 billion)
Lucid founded in 2007 after 10 years, revenue 2017 (5 million)

XPENG Announces Vehicle Delivery Results for January 2026February 1, 2026 4:00 AM
PR Newswire (US)

GUANGZHOU, China, Feb. 1, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for January 2026.In January 2026, XPENG delivered a total of 20,011 vehicles. These deliveries are expected to reduce life-cycle greenhouse gas emissions by more than 300,000 tons — equivalent to the carbon absorption of 4.94 million tree seedlings over 10 years.The XPENG P7+ was launched simultaneously across 36 countries, and made its European launch at the 2026 Brussels Motor Show in January.As of December 31, 2025, XPENG has expanded its global presence to 60 countries and regions. Its overseas sales network now encompasses 380 physical stores, representing a year-over-year growth of more than 150%, while its worldwide sales and service network has grown to a total of over 1,000 outlets.About XPENGXPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.Safe Harbor StatementThis announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.Contacts:For Investor Enquiries:IR Department
XPeng Inc.
Email: ir@xiaopeng.com Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com For Media Enquiries:PR Department
XPeng Inc.
Email: pr@xiaopeng.com



View original content:https://www.prnewswire.com/news-releases/xpeng-announces-vehicle-delivery-results-for-january-2026-302675720.htmlSOURCE XPeng Inc.

Original: XPENG Announces Vehicle Delivery Results for January 2026

XPEV should give up the fantasy the charging is the way to go with EV's. It's a dinosaur already.

$XPEV Has $17.34B Billions Debt

$XPEV https://www.ig.com/en-ch/trading-strategies/nio--xpeng-and-li-auto--three-alternative-electric-car-stocks-to-210615

CATL joins forces with $NIO to supercharge China's EV battery-swapping network
https://www.digitimes.com/news/a20250318PD227/catl-nio-ev-battery-battery-swap.html $XPEV

NIO, though growing steadily, is now trailing in volumes. It delivered 221,970 vehicles in 2024 — higher than XPeng’s total $NIO $XPEV

XPEV

https://finance.yahoo.com/news/nio-inc-provides-march-first-093000552.html $XPEV

XPEV, not good

$XPEV Total Debt (mrq) $15.42B should be $1.50 a share

$XPEV Total Debt (mrq) $14.02B

Battery swap solves all the issues EV's suffer from. Range anxiety, lengthy charging times, battery degradation, apartment dwellers can't plug in at home and so on. Battery swap takes as long as it does to fuel an ICE vehicle and you don't even have to get out of the car.

Face it, battery swap will be the industry standard.

Selling more EVs then Tesla

All you here about is ni#. Meanwhile we have doubled that pathetic stick and no one says a word. $xpev!

Hope to see this keep climbing steady.

Holding 13k shares

Tesla, Inc.‘s (NASDAQ:TSLA) China recovery could face a risk as a domestic nimble upstart has just launched a product that is selling at a fast pace.

What Happened: XPeng, Inc. (NASDAQ:XPEV) kicked off deliveries of its new low-end electric-vehicle model, Mona M03, at the Chengdu Auto Show, which is being held on Aug. 30 to Sept. 8. The company unveiled the all-electric hatchback coupe, at its 10th Anniversary Gala Night held on Tuesday.

XPeng Chairman and CEO He Xiaopeng delivered the Mona M03 to its first owners on the show floor, reported CnEVPost adding that volume deliveries of the model would begin imminently. The company reportedly said it received 30,000 firm orders in the first 48 hours of availability, with 55% of the customers under 30 years and 61% men.

The company has unveiled three variants of the electric sedan, with a starting price of 119,800 yuan (around $16,900). This is about half as much as the cost of Tesla’s cheapest made-in-China Model 3 (rear-wheel-drive variant), which is listed at 231,900 yuan on the company’s China website.

See Also: Best EV Stocks

Why It’s Important: Tesla has been facing cut-throat competition in China as the mushrooming upstart ecosystem offers a serious threat to demand. More importantly, the U.S. company is stymied by the lack of a model to cater to the lower end of the market.

Recently, Tesla extended its “zero-interest-rate” financing scheme in China to the end of September, and this was seen by analysts as a signal that the company is still struggling with demand.

Weekly insurance registration data for Tesla EVs has shown an improvement but it may have come at a cost, potentially pressuring margins further.

Price Action: In premarket trading, XPeng ADRs listed on the NYSE rose 3.43% to $8.14, according to Benzinga Pro data. The stock has been seeing some upward momentum this week on the back of a stock purchase by Xiaopeng. Tesla climbed 1.60% to $209.59.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

https://ir.xiaopeng.com/news-releases/news-release-details/xpeng-reports-second-quarter-2024-unaudited-financial-results

XPEV 10Q due AUGUST 19

Yep it is XPEV

Yep it is XPEV

This is on par with a Tesla Model Y but better in some ways.

?

Dow Jones NewsJul 17, 10:00 AM UTC

  Software Defined Vehicle Market worth USD 1,237.6 billion by 2030 | MarketsandMarkets  

 

CHICAGO, July 17, 2024 /PRNewswire/ -- Software Defined Vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%, according to a new report by MarketsandMarkets. There are various factors that affect the growth of demand for SDVs in the global market. Receiving over-the-air updates guarantees that customers' car software is always up to date with the newest features and vehicle security improvements. Due to the regular software upgrades can often cure issues remotely, OEMs will profit greatly from lower recall costs. Furthermore, new business models that allow for real-time car diagnostics and problem solving, such as remote diagnostics, improve maintenance process.

 

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187205966

 

Browse in-depth TOC on "Software Defined Vehicle Market"

 

118 - Tables

 

93 - Figures

 

238 - Pages

 

Software Defined Vehicle Market Scope:

  Report Coverage Details ------------------------- --------------------------------------------------- Market Revenue in 2024 USD 213.5 billion ------------------------- --------------------------------------------------- Estimated Value by 2030 USD 1,237.6 billion ------------------------- --------------------------------------------------- Growth Rate Poised to grow at a CAGR of 34.0% ------------------------- --------------------------------------------------- Market Size Available for 2020--2030 ------------------------- --------------------------------------------------- Forecast Period 2024-2030 ------------------------- --------------------------------------------------- Forecast Units Value (USD Billion) ------------------------- --------------------------------------------------- Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends ------------------------- --------------------------------------------------- Segments Covered SDV Type (Semi-SDV. SDV), E/E Architecture (Distributed, Domain Centralised, Zonal Control), Vehicle Type (Passenger Car and Light Commercial Vehicle) and Region ------------------------- --------------------------------------------------- Geographies Covered Asia Pacific, North America, and Europe. ------------------------- --------------------------------------------------- Report Highlights Updated financial information / product portfolio of players ------------------------- --------------------------------------------------- Key Market Opportunities SDV platform monetization ------------------------- --------------------------------------------------- Key Market Drivers Reduced recall and manufacturing costs ------------------------- ---------------------------------------------------

SDV segment is expected to have significant growth opportunities in global Software Defined Vehicle market.

 

During the forecast period, SDVs are expected to have largest growth prospects. Unlike conventional vehicles, which mostly rely on predefined hardware configurations, SDVs are more flexible and adaptive in nature which allows their functionality to be upgraded and improved over time through software upgrades. Among contemporary OEMS, Tesla has been setting the standard for the switch to SDVs since 2012. Leading OEMs such as Stellantis, BMW, Volkswagen among others are currently in the transition phase, moving from Semi-SDVs to SDVs fully by 2030, including increased flexibility and agility through OTA updates that enable quick response to market demands and problem solving without necessitating physical recalls. This will reduce production costs by focusing on standardizing hardware and software differentiation. Further, it prolongs the life of automobiles by upholding software upgrades.

 

"China to lead the Software Defined Vehicle market in Asia Pacific."

 

China is the largest vehicle market in the Asia Pacific and one of the biggest automobile markets worldwide, is expected to have significant growth in the Software Defined Vehicle industry. This will be led by continuous R&D and advancement in the autonomous driving technology by local software mobility providers and sophisticated automotive ecosystems integrating cloud-native technologies. Leading OEMs and technology providers in the country are utilizing open-source platforms to develop next-generation vehicle equipped with software stacks, which enhances SDV capabilities such as driving assistance, connectivity, and digitalization. SDV providers such as NIO, Li Auto Inc., ZEEKR, XPENG Inc. among others currently provide SDVs in China. Also, these SDV providers are partnering with software mobility providers to enhance their SDV capabilities. For instance, in May 2024, XPENG partnered with TrueEV, an Australia based Electric mobility provider company. TrueEV will handle distribution and retail of XPENG vehicles in Australia, starting with the launch of the XPENG G6 SUV, built on the SEPA 2.0 platform, by the end of 2024, for global markets.

 

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=187205966

 

Software Defined Vehicle Market Dynamics:

 

Drivers:

 

1. Reduced recall and manufacturing costs

 

Restraints:

 

1. Increase in risk of cyberattacks

 

Opportunities:

 

1. SDV platform monetization

 

Challenge:

 

1. Complex software updates and security patching

 

Key Market Players Software Defined Vehicle Industry:

 

Prominent players in the Software Defined Vehicle Market include Tesla (US), Li Auto Inc. (China), NIO (China), Rivian (US), XPENG Inc. (China), and ZEEKR (China) and among others.

 

The break-down of primary participants is as mentioned below:

  -- By Company Type: Tier I -- 42%, Tier II -- 40%, and OEM --18%, -- By Designation: C-level Executives-- 57%, Directors -- 29%, and Executives -- 14% -- By Region: North America -- 39%, Europe -- 33%, and Asia Pacific -- 28%  

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=187205966

 

Software Defined Vehicle Industry Recent Developments:

  -- In June 2024, XPENG Inc. partnered with NVIDIA Corporation for the adoption of the NVIDIA DRIVE Thor platform for its next-generation EVs. This platform will power XPENG's XNGP AI-assisted driving system, enhancing intelligent driving capabilities. XPENG launched the G6 Coupe SUV, G9 SUV, and P7 Sedan equipped with NVIDIA DRIVE Orin, boasts continuously upgraded AI capabilities through over-the-air updates. -- In June 2024, XPENG Inc. launched its all-new G6 electric mid-size SUV, positioning it as a strong contender against established rivals like the Tesla Model Y in the Australian market. It is designed on XPENG's SEPA 2.0 platform. The vehicle also features bidirectional charging (V2X) with V2L support up to 3.3 kW AC, making it versatile for energy transfer to external devices. This SUV accelerates from 0 to 100 km/h in 6.9 seconds and reaches a top speed of 200 km/h, powered by a rear-wheel drive system generating 190 kW (258 PS) of total power and 440 Nm of torque. Its battery architecture operates at 800 V, and it supports up to 11 kW AC charging. -- In June 2024, Rivian launched the second generation of the R1 lineup i.e., R1S and R1T models with software-defined technology. These vehicles feature a streamlined electrical architecture, reducing ECUs from 17 to 7 and significantly cutting down wiring. The new Rivian Autonomy Platform, powered by advanced sensors and AI, enhances driving assistance capabilities. In-vehicle connectivity includes digital car keys via Apple Wallet and Google Pixel, a rich entertainment system with streaming video and Apple Music integration, and an interactive user interface powered by Unreal Engine.

Software Defined Vehicle Market Size - Key Benefits of Buying the Report:

  -- The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Software Defined Vehicle market and the subsegments. -- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. -- The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

This report provides insights on:

  -- Analysis of key drivers (Reduced recall and manufacturing costs, personalized client engagement, integration of ADAS digital cockpits, and increasing adoption of 5G technology), restraints (Limited over-the-air updates and increase in risk of cyberattacks), opportunities (Remote diagnostics, Pay-per-use mobility, SDV platform monetization and Digital twin for emergency repair), and challenges (Complex software updates and security patching and risk of data breach) influencing the growth of the Software Defined Vehicle market. -- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Software Defined Vehicle market. -- Market Development: Comprehensive information about lucrative markets -- the report analyses the Software Defined Vehicle market across varied regions. -- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Software Defined Vehicle market.

 

  17 Jul 2024, 10:00 Software Defined Vehicle Market worth USD 1,237.6 -2-  

 

-- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Tesla (US), Li Auto Inc. (China), NIO (China), Rivian (US), XPENG Inc. (China), and ZEEKR (China), among others in the Software Defined Vehicle market.

Related Reports:

 

Connected Car Market - Global Forecast to 2030

 

ADAS Market - Global Forecast to 2030

 

Electric Vehicle Market - Global Forecast 2030

 

Autonomous / Self-Driving Cars Market - Global Forecast to 2030

 

Get access to the latest updates on Software Defined Vehicle Companies and Software Defined Vehicle Industry Growth

 

About MarketsandMarkets(TM):

 

MarketsandMarkets(TM) has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

 

MarketsandMarkets(TM) is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore(TM) (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 

To find out more, visit www.MarketsandMarkets(TM).com or follow us on Twitter, LinkedIn and Facebook.

 

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View original content:https://www.prnewswire.com/news-releases/software-defined-vehicle-market-worth-usd-1-237-6-billion-by-2030--marketsandmarkets-302199096.html

 

SOURCE MarketsandMarkets

(END) Dow Jones Newswires

 

July 17, 2024 06:00 ET (10:00 GMT)

 

 

Good levels to get in on this.

sold out 820 / made 1400

XPEV new 52 lo

XPEV new 52 lo

XPEV new 52 lo