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XPeng
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Latest analysis
Updated Sep 1, 2026
XPeng August 2026 deliveries +4% YoY; robotaxi testing permit marks driverless milestone
XPeng delivered 39,107 vehicles in August 2026, a 4% year-over-year increase, while advancing its robotaxi program with a Guangzhou permit enabling remote testing on designated roads without onboard safety operators. The G9L flagship model debuted and entered pre-sales, representing the company's continued product portfolio expansion. Robotaxi deployment—not incremental EV volume—is the material signal: the permit for Level 1–3 driverless testing on city roads is a regulatory inflection point that positions XPeng ahead of competitors still in closed-course validation.
Tone: cautiousRevenue
¥76.7B
XPEV 20-F · FY 2025 · CNY
Employees
19,884
Revenue FY2024
¥40.9B
Founded
2015
Profile
XPEV 20-F Item 4.B · Apr 16, 2026XPeng is a leading Chinese smart electric vehicle and new energy vehicle company that designs, develops, manufactures, and markets Smart EVs and NEVs primarily targeting middle-class consumers in China. The company differentiates through in-house full-stack ADAS software, the XOS Tianji in-car operating system, and an 800V high-voltage SiC powertrain platform. XPeng is also expanding internationally across Europe, Asia, and other continents, focusing on the mid- to high-end segment of the global passenger vehicle market.
Read filing description ↓ Collapse description ↑
We are a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that primarily appeal to the large and growing base of middle-class consumers in China. We are also expanding our international presence, with a focus on the mid- to high-end segment in the global passenger vehicle market. Since inception, we have taken an innovative technology path to our envisioned future of mobility. We intend to empower consumers with our differentiated Smart EVs and NEVs that can offer disruptive mobility experiences. We believe this can be achieved by fast iteration of software and seamless integration with hardware, which enable us to lead the innovation of Smart EV and NEV technologies and provide differentiated Smart EV and NEV products to consumers. Since our inception in 2015, we have become one of the leading Smart EV and NEV companies in China, with leading software and hardware technology at our core and bringing innovation in advanced driver assistance, smart connectivity and core vehicle systems. We develop full stack advanced driver assistance systems, or ADAS, software in house and have deployed such software on mass-produced vehicles. We started to roll out our XNGP in March 2023 and have made XNGP available in cities without HD map coverage since November 2023. Our Smart EVs and NEVs are designed to appeal to the large growing base of middle-class consumers globally. We primarily target the mid- to high-end segment in the global passenger vehicle market. Consumers choose our products primarily because of attractive design, industry-leading electrification and smart technologies, interactive smart mobility experience and long driving range. Since December 2018, we have launched and continuously upgraded a series of strategically positioned vehicle models. We are building a rapidly expanding, diversified portfolio of attractive Smart EV and NEV models to capture the growing demand for Smart EVs and NEVs and appeal to the differentiated needs of a broad customer base.
Primary products
- MONA M03 (BEV)
- Next P7 (BEV)
- P7+ (BEV / EREV)
- G6 (BEV / EREV)
- G7 (BEV / EREV)
- G9 (BEV)
Business segments
End markets
Geographies
Named competitors
“We believe that our competitive advantage over existing and potential competitors lies in our innovative product offerings localized for consumers in China, ability to offer a great-to-drive and great-to-be-driven experience, robust software and hardware technologies, scalable and efficient platforms and our winning Smart EV and NEV team.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Reported in RMB. Total revenues grew from RMB40,866.3 million in 2024 to RMB76,719.7 million in 2025, driven by a 125.9% year-on-year increase in vehicle deliveries from 190,068 units in 2024 to 429,445 units in 2025.
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