XPEV
XPeng Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for XPeng Inc.
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in China and selected overseas markets. Its lineup includes smart EVs with in-house autonomous-driving software, and the company is also developing flying-vehicle and robotics-related technologies. Vehicles are sold through stores and online channels.
Coverage
China's Car Exports Rose 78%. XPeng's Best Export Month Is 27% Short of Its Own Target.
China's passenger-car exports rose 77.8% to 888,000 in August. XPeng's record overseas month is 9,700, against a Q4 target implying about 13,300 a month.
XPeng's Robot Unit Is Now a $6.3 Billion Company. XPeng's CEO Runs It and Bought 8.75% for $100 Million Down.
XPeng's robot business is now Dogotix, marked at $6.3bn. He Xiaopeng runs it, and bought the 8.75% outside investors paid $600m for, for $100m down.
XPeng's Deliveries Were Flat. Half Its Gross Profit Came From 14% of Revenue.
XPeng's deliveries were flat and vehicle margin fell — yet gross margin rose to 20.7%, because services grew 93.9% at a 75.1% margin: 49.6% of all gross profit.
Where the revenue goes next
Latest: $2.91B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $587M |
| 2023Q2 | $698M |
| 2023Q3 | $1.17B |
| 2023Q4 | $1.84B |
| 2024Q1 | $907M |
| 2024Q2 | $1.12B |
| 2024Q3 | $1.44B |
| 2024Q4 | $2.21B |
| 2025Q1 | $2.18B |
| 2025Q2 | $2.55B |
| 2025Q3 | $2.86B |
| 2025Q4 | $3.18B |
| 2026Q1 | $1.89B |
| 2026Q2 | $2.91B |
Latest: −$0.21 (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | −$0.40 |
| 2023Q2 | −$0.45 |
| 2023Q3 | −$0.62 |
| 2023Q4 | −$0.21 |
| 2024Q1 | −$0.20 |
| 2024Q2 | −$0.19 |
| 2024Q3 | −$0.27 |
| 2024Q4 | −$0.19 |
| 2025Q1 | −$0.10 |
| 2025Q2 | −$0.07 |
| 2025Q3 | −$0.06 |
| 2025Q4 | $0.06 |
| 2026Q1 | −$0.27 |
| 2026Q2 | −$0.21 |
Latest: n/m (2026Q2)
| Period | Value |
|---|---|
| 2023Q4 | n/m |
| 2024Q1 | n/m |
| 2024Q2 | n/m |
| 2024Q3 | n/m |
| 2024Q4 | n/m |
| 2025Q1 | n/m |
| 2025Q2 | n/m |
| 2025Q3 | n/m |
| 2025Q4 | n/m |
| 2026Q1 | n/m |
| 2026Q2 | n/m |
Latest: 956M (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | 861M |
| 2023Q2 | 862M |
| 2023Q3 | 865M |
| 2023Q4 | 894M |
| 2024Q1 | 943M |
| 2024Q2 | 944M |
| 2024Q3 | 947M |
| 2024Q4 | 949M |
| 2025Q1 | 950M |
| 2025Q2 | 951M |
| 2025Q3 | 953M |
| 2025Q4 | 967M |
| 2026Q1 | 955M |
| 2026Q2 | 956M |
Latest earnings
Company History
He Xiaopeng, Xia Heng and He Tao found the company; Alibaba and Xiaomi later back it as strategic investors.
Raises about $1.5 billion in the largest of that year's wave of Chinese EV listings, with Alibaba, Coatue, QIA and Xiaomi taking allocations in the deal.
Lists in Hong Kong under stock code 9868, the first US-listed Chinese EV maker to take a dual primary rather than secondary listing.
Volkswagen takes a roughly 5% stake and the two agree to co-develop China-market EVs on XPeng's platform, the first of the technical R&D service contracts that now sit in services revenue.
Launches the sub-RMB150,000 MONA M03 and unveils the in-house Turing AI chip at AI Day, starting the volume ramp that carries gross margin above 20%.
Shows the next-generation IRON humanoid, a production robotaxi and the VLA 2.0 driving model, and commits to mass production of all three during 2026.
The robotics subsidiary signs a share purchase agreement for US$900 million at a reported $6.2 billion post-money valuation, announced the same day as the June-quarter results.
Key Players
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