XPENG (XPEV) Company Report

XPENG delivered 36,728 Smart EVs in November 2025, marking a 19% year-over-year increase.
From January to November 2025, cumulative deliveries reached 391,937 units, representing a 156% year-over-year increase.
Overseas deliveries for the first eleven months of 2025 totaled 39,773 units, up 95% year-on-year.
The company also unveiled new "Physical AI" applications, including XPENG VLA 2.0, Robotaxi, and Next-Gen IRON humanoid robot, with mass production expected in 2026.

3 days ago

6-K

XPeng Reports Record Q3 2025 Results and Outlines Ambitious 2026 Product Roadmap

XPEV

Earnings

Product Launch

New Projects/Investments

XPeng reported record Q3 2025 results, with 116,007 vehicle deliveries (up 149% year-over-year) and total revenues of RMB 20.38 billion (up 101.8% year-over-year). The company's gross margin exceeded 20% for the first time, reaching 20.1%, and net loss was significantly reduced to RMB 0.38 billion.
For Q4 2025, XPeng provided strong guidance, projecting total deliveries between 125,000 and 132,000 units (up 36.6%-44.3% year-over-year) and revenues between RMB 21.5 billion and RMB 23 billion (up 33.5%-42.8% year-over-year), with a goal to achieve break-even.
The company outlined an ambitious 2026 product roadmap, including the launch of three super extended range products and four new dual-energy models, along with the mass production of the VLA 2.0 model, three Robotaxi models, and advanced humanoid robots by year-end.
XPeng is expanding its global footprint and strengthening strategic partnerships, with Volkswagen becoming the initial launch customer for the VLA 2.0 model and selecting XPeng's Turing AI SoC for co-developed vehicles, expected to begin mass production in early 2026. Overseas monthly deliveries exceeded 5,000 units in September 2025, a 79% increase year-over-year.

Nov 17, 2025, 1:00 PM

Transcript

XPeng Reports Strong Q3 2025 Results and Outlines Ambitious 2026 Product and AI Commercialization Plans

XPEV

Guidance Update

Product Launch

New Projects/Investments

XPeng reported Q3 2025 total revenues of RMB 20.38 billion, marking a 101.8% year-over-year increase, with a gross margin of 20.1%, exceeding 20% for the first time. The company's net loss was significantly reduced to RMB 0.38 billion.
For Q4 2025, XPeng projects total deliveries between 125,000 and 132,000 units and revenues between RMB 21.5 billion and RMB 23 billion, with a goal to achieve break-even for the company in the fourth quarter.
The company launched pre-sales for the X9 Super Extended Range EV and plans to introduce seven new one-vehicle dual-energy models in 2026. Overseas monthly deliveries exceeded 5,000 units in September 2025, and the sales network expanded to 52 countries and regions.
Volkswagen will be the initial launch customer for XPeng's VLA 2.0 model, with co-developed vehicles starting mass production early 2026, and XPeng's Turing AI SoC also secured a sourcing designation from Volkswagen. XPeng plans to launch three Robotaxi models and begin pilot operations in China in 2026, and aims for mass production of its IRON humanoid robot by the end of 2026, targeting 1 million annual sales by 2030.

Nov 17, 2025, 1:00 PM

Transcript

XPENG Reports Record Q3 2025 Deliveries and Revenue, Outlines Ambitious 2026 Plans

XPEV

Earnings

Product Launch

New Projects/Investments

XPENG reported record deliveries of 116,007 units, a 149% increase year-over-year, and total revenues of RMB 20.38 billion, up 101.8% year-over-year in Q3 2025. The company's gross margin exceeded 20% for the first time at 20.1%, and net loss further reduced to RMB 0.38 billion.
For Q4 2025, XPENG projects total deliveries to be between 125,000 and 132,000 units, reflecting a 36.6%-44.3% year-over-year growth, with revenue estimated between RMB 21.5 billion and RMB 23 billion. The company aims to achieve break-even in Q4 2025.
XPENG launched pre-sales for the X9 Super Extended Range EV and plans to introduce seven new one-vehicle dual-energy models in 2026, including three for overseas markets.
The company is targeting mass production of its VLA 2.0 model, Robotaxi, and humanoid robots (IRON) in 2026, with a vision for over 1 million humanoid robots sold annually by 2030.
International expansion saw monthly overseas deliveries surpass 5,000 units in September 2025, a 79% year-over-year increase, supported by 56 new overseas stores and the start of local production in Austria. R&D expenses increased by 48.7% year-over-year to RMB 2.43 billion in Q3 2025 to support new models and technologies.

Nov 17, 2025, 1:00 PM

Transcript

XPENG Reports Third Quarter 2025 Unaudited Financial Results

XPEV

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

XPENG reported total revenues of RMB20.38 billion (US$2.86 billion) for the third quarter of 2025, marking a 101.8% increase year-over-year. The company achieved a gross margin of 20.1% and a vehicle margin of 13.1% for the quarter.
Total vehicle deliveries for the third quarter of 2025 were 116,007 units, representing a 149.3% increase compared to the same period in 2024.
The company recorded a net loss of RMB0.38 billion (US$0.05 billion) for the third quarter of 2025.
As of September 30, 2025, cash and cash equivalents, restricted cash, short-term investments, and time deposits totaled RMB48.33 billion (US$6.79 billion).

Nov 17, 2025, 11:08 AM

6-K

XPeng Updates Profit Expectations and Highlights AI Innovations

XPEV

Guidance Update

New Projects/Investments

Product Launch

XPeng is now expected to turn a profit in the third quarter of 2025, earlier than previously forecasted, due to strong sales momentum, margin expansion, and disciplined cost management.
The company's second-quarter net loss significantly narrowed to 477.8 million yuan (about US$67.1 million) from 1.28 billion yuan a year earlier.
October deliveries hit a record 42,013 vehicles.
XPeng plans to launch three self-developed robotaxi models and start trial operations in 2026, and unveiled the next-generation Iron humanoid robot, positioning it as a leader in emerging tech beyond traditional electric vehicles.
A strategic partnership with Volkswagen resulted in the filing of regulatory documents for the ID.UNYX 08 SUV, the first jointly developed vehicle.

Nov 10, 2025, 10:27 PM

Bloomberg

SunCar Technology Group Reports Strong Premium Growth for EV Partners Driven by AI Investment

XPEV

New Projects/Investments

Revenue Acceleration/Inflection

SunCar Technology Group's investment in its Anji AI Technology Services Center is generating strong returns, deepening strategic cooperation with EV partners like XPeng and Tesla.
Through the first nine months of 2025, premiums generated for XPeng reached $160 million, marking a substantial 200% increase compared to $50 million in the same period in 2024.
For Tesla, premiums grew to $328 million in the first nine months of 2025, an increase of 190% from $113 million in the corresponding period of 2024.
SunCar's AI technology has also led to an increase in Tesla's insurance renewal conversion rate to 75%, which is significantly higher than the industry average.

Nov 6, 2025, 1:00 PM

Press Release

Xpeng to Launch Autonomous Driving and Robotaxi Services by Early 2026

XPEV

Product Launch

New Projects/Investments

Xpeng plans to roll out a new driver-assist system and robotaxi services by early 2026, featuring advanced AI for navigating narrow and complex roads.
The system is powered by Xpeng's Vision-Language-Action (VLA) AI model, which the company claims outperforms Tesla's Full Self-Driving (FSD) in testing.
Volkswagen is the first strategic partner to adopt Xpeng's VLA 2.0 model and Turing AI chip, and robotaxi services will integrate with Alibaba's Amap mapping app.
Xpeng's robotaxis are expected to cost less than 200,000 yuan (approximately US$28,000).

Nov 5, 2025, 5:45 PM

CNBC

Volkswagen Invests in AI Chip Development for Chinese Market

XPEV

New Projects/Investments

Product Launch

Volkswagen is developing an advanced artificial intelligence system-on-chip (SoC) for its next-generation vehicles in China through its Carizon joint venture with Horizon Robotics.
The chip is designed for China's road conditions, will have a computing power of 500 to 700 tera operations per second (TOPS), and will support advanced driver assistance systems (ADAS) at Level 3 and above.
Volkswagen's investment in this project exceeds $200 million, with a total commitment of €2.4 billion for the Carizon joint venture, in which Volkswagen will hold a 60 percent stake.
This initiative aligns with Volkswagen's "In China, For China" strategy to deepen software and hardware integration, reduce dependency on third-party suppliers, and enhance competitiveness against domestic electric vehicle manufacturers.
Volkswagen plans to start mass production of the chip within three to five years.

Nov 5, 2025, 2:28 PM

Bloomberg

XPeng Unveils Major AI, Robotics, and Flying Car Advancements at 2025 AI Day

XPEV

Product Launch

New Projects/Investments

Partnership

XPeng announced the launch of four major AI-defined applications and its VLA 2.0 autonomous driving model, which will be open source and adopted by Volkswagen in its latest models starting next year.
The company introduced its next-generation humanoid robot, XPeng Iron, with mass production preparation scheduled for April 2026, aiming for full solid-state battery integration.
XPeng showcased its latest fully tiltrotor flying car, the A868, capable of carrying six people with a range of 500 kilometers and a maximum speed of 360 km/h, with mass production and delivery for its land aircraft carrier variant targeted for 2026.
Trial operations for its Robotaxi service are set to begin in Guangzhou and other selected locations in 2026, with AMAG announced as the first global ecosystem partner.

Nov 5, 2025, 7:00 AM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for XPENG.

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