The company delivered 103,295 vehicles during the quarter, maintaining a gross margin of 20.7%, up from 17.3% in the same period last year. Despite the revenue growth, XPENG posted a net loss of RMB1.34 billion, an improvement from the RMB1.78 billion loss reported in the first quarter of 2026.
In section Releases
XPENG Reports 51% Revenue Jump Amid Push into Physical AI
XPeng Inc. reported second-quarter 2026 revenues of RMB19.74 billion, a 51.5% increase over the previous quarter, as the Guangzhou-based automaker navigates high research costs and a transition toward integrated robotics and autonomous driving technologies.
Chairman and CEO Xiaopeng He pointed to the recent launches of the GX and MONA L03 models as drivers of brand momentum. The company is now pivoting toward a broader identity as a "Physical AI" firm, recently securing a $900 million subscription agreement for its robotics subsidiary, Dogotix Inc. While vehicle margins held steady at 12.1%, the company continues to absorb significant expenses related to developing new vehicle models and AI-related infrastructure. Looking ahead, XPENG anticipates delivering between 115,000 and 121,000 vehicles in the third quarter, projecting total revenues to reach up to RMB23.4 billion.
Comments (0)
No comments yet. Be the first!