-- Cash position[i] was RMB40.48 billion (US$5.97 billion) as of June 30, 
      2026 
 
   -- Quarterly total revenues were RMB19.74 billion, a 51.5% increase 
      quarter-over-quarter 
 
   -- Quarterly gross margin was 20.7%, an increase of 3.4 percentage points 
      over the same period of 2025 
 
   -- Quarterly vehicle margin was 12.1%, remained relatively stable 
      quarter-over-quarter 

GUANGZHOU, China, Aug. 24, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global Physical AI company, today announced its unaudited financial results for the three months ended June 30, 2026.

Operational and Financial Highlights for the Three Months Ended June 30, 2026

 
                   2026Q2   2026Q1  2025Q4   2025Q3   2025Q2   2025Q1 
 
Total deliveries   103,295  62,682  116,249  116,007  103,181  94,008 
 
   -- Total deliveries of vehicles were 103,295 for the second quarter of 2026, 
      representing an increase of 0.1% from 103,181 in the corresponding period 
      of 2025. 
 
   -- XPENG's physical sales network had a total of 740 stores, covering 257 
      cities as of June 30, 2026. 
 
   -- XPENG self-operated charging station network reached 3,780 stations, 
      including 2,720 XPENG ultra-fast charging stations as of June 30, 2026. 
 
   -- Total revenues were RMB19.74 billion (US$2.91 billion) for the second 
      quarter of 2026, representing an increase of 8.0% from the same period of 
      2025, and an increase of 51.5% from the first quarter of 2026. 
 
   -- Revenues from vehicle sales were RMB17.05 billion (US$2.51 billion) for 
      the second quarter of 2026, representing an increase of 1.0% from the 
      same period of 2025, and an increase of 55.0% from the first quarter of 
      2026. 
 
   -- Gross margin was 20.7% for the second quarter of 2026, compared with 
      17.3% for the same period of 2025 and 20.6% for the first quarter of 
      2026. 
 
   -- Vehicle margin, which is gross profit of vehicle sales as a percentage of 
      vehicle sales revenue, was 12.1% for the second quarter of 2026, compared 
      with 14.3% for the same period of 2025 and 12.1% for the first quarter of 
      2026. 
 
   -- Net loss was RMB1.34 billion (US$0.20 billion) for the second quarter of 
      2026, compared with a loss of RMB0.48 billion for the same period of 2025 
      and a loss of RMB1.78 billion for the first quarter of 2026. Excluding 
      share-based compensation expenses and fair value gain on derivative 
      liability relating to the contingent consideration, non-GAAP net loss was 
      RMB1.24 billion (US$0.18 billion) for the second quarter of 2026, 
      compared with a loss of RMB0.39 billion for the same period of 2025 and a 
      loss of RMB1.69 billion for the first quarter of 2026. 
 
   -- Net loss attributable to ordinary shareholders of XPENG was RMB1.34 
      billion (US$0.20 billion) for the second quarter of 2026, compared with a 
      loss of RMB0.48 billion for the same period of 2025 and a loss of RMB1.78 
      billion for the first quarter of 2026. Excluding share-based compensation 
      expenses and fair value gain on derivative liability relating to the 
      contingent consideration, non-GAAP net loss attributable to ordinary 
      shareholders of XPENG was RMB1.24 billion (US$0.18 billion) for the 
      second quarter of 2026, compared with a loss of RMB0.39 billion for the 
      same period of 2025 and a loss of RMB1.69 billion for the first quarter 
      of 2026. 
 
   -- Basic and diluted net loss per American depositary share (ADS) were both 
      RMB1.40 (US$0.21) and basic and diluted net loss per ordinary share were 
      both RMB0.70 (US$0.10) for the second quarter of 2026. Each ADS 
      represents two Class A ordinary shares. 
 
   -- Non-GAAP basic and diluted net loss per ADS were both RMB1.29 (US$0.19), 
      and non-GAAP basic and diluted net loss per ordinary share were both 
      RMB0.65 (US$0.10) for the second quarter of 2026. 
 
   -- Cash position was RMB40.48 billion (US$5.97 billion) as of June 30, 2026, 
      compared with RMB42.09 billion as of March 31, 2026. 
 
([i]) 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]) 
                  June 30,     March 31,    June 30, 
                        2026          2026      2025          YoY      QoQ 
Vehicle sales          17.05         11.00     16.88        1.0 %   55.0 % 
Vehicle margin        12.1 %        12.1 %    14.3 %     -2.2 pts  0.0 pts 
Total revenues         19.74         13.03     18.27        8.0 %   51.5 % 
Gross profit            4.08          2.68      3.17       28.9 %   52.2 % 
Gross margin          20.7 %        20.6 %    17.3 %      3.4 pts  0.1 pts 
Net loss                1.34          1.78      0.48      179.9 %  -25.1 % 
Non-GAAP net 
 loss                   1.24          1.69      0.39      221.1 %  -26.6 % 
Net loss 
 attributable 
 to ordinary 
   shareholders         1.34          1.78      0.48      179.9 %  -25.1 % 
Non-GAAP net 
 loss 
 attributable 
   to ordinary 
 shareholders           1.24          1.69      0.39      221.1 %  -26.6 % 
Comprehensive 
 loss 
 attributable 
   to ordinary 
 shareholders           1.60          2.06      0.49      223.4 %  -22.4 % 
 
 ([ii]) Except for vehicle margin and gross margin, where absolute changes 
                              instead of percentage changes are presented. 
 

Management Commentary

"The back-to-back success of the GX and MONA L03 gives us greater confidence in our upcoming new models, as we translate our leading edge in smart technologies and design into more blockbuster products and stronger brand momentum," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "The development of the mass-production version of XPENG's humanoid robot has recently reached several significant milestones. I believe XPENG will not only build one of China's most valuable humanoid robotics companies, but also become a global leader in physical AI, spearheading the large-scale adoption and commercialization of advanced general-purpose humanoid robots and autonomous driving technologies in China and overseas."

"During the second quarter of 2026, our operations remained resilient despite industry-wide cost pressures. Driven by breakthroughs in our premiumization and globalization efforts, our gross margin continued to exceed 20%," added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. "I expect the mass production and commercialization of physical AI technologies to accelerate over the coming year, generating meaningful gross profit growth to support our continued R&D investment in physical AI."

Recent Developments

Deliveries in July 2026

   -- Total deliveries were 38,027 vehicles in July 2026. 
 
   -- As of July 31, 2026, year-to-date total deliveries were 204,004 vehicles. 

Launch of MONA L03

On July 16, 2026, XPENG held the global launch event of MONA L03, the Next-Gen AI SUV Coupe, in Munich, Germany.

Entering into the Dogotix Share Purchase Agreement

On August 24, 2026, Dogotix Inc. (a subsidiary of the Company) entered into a share purchase agreement (the "Dogotix Share Purchase Agreement") with, among others, certain subscribers, pursuant to which such subscribers conditionally agreed to subscribe for certain shares to be newly issued by Dogotix Inc. at an aggregate purchase price of US$900 million. For details, please refer to the announcement of the Company dated August 24, 2026, in relation to, among others, the Dogotix Share Purchase Agreement.

Unaudited Financial Results for the Three Months Ended June 30, 2026

Total revenues were RMB19.74 billion (US$2.91 billion) for the second quarter of 2026, representing an increase of 8.0% from RMB18.27 billion for the same period of 2025 and an increase of 51.5% from RMB13.03 billion for the first quarter of 2026.

Revenues from vehicle sales were RMB17.05 billion (US$2.51 billion) for the second quarter of 2026, representing an increase of 1.0% from RMB16.88 billion for the same period of 2025, and an increase of 55.0% from RMB11.00 billion for the first quarter of 2026. The quarter-over-quarter increase was mainly attributable to higher vehicle deliveries.

Revenues from services and others were RMB2.70 billion (US$0.40 billion) for the second quarter of 2026, representing an increase of 93.9% from RMB1.39 billion for the same period of 2025 and an increase of 32.6% from RMB2.03 billion for the first quarter of 2026. The year-over-year and quarter-over-quarter increases were primarily attributable to 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 period, under the agreement entered into with the Manufacturer; and (ii) parts and accessories sales.

Cost of sales was RMB15.66 billion (US$2.31 billion) for the second quarter of 2026, representing an increase of 3.7% from RMB15.11 billion for the same period of 2025 and an increase of 51.3% from RMB10.35 billion for the first quarter of 2026. The quarter-over-quarter increase was mainly in line with vehicle deliveries as described above.

Gross margin was 20.7% for the second quarter of 2026, compared with 17.3% for the same period of 2025 and 20.6% for the first quarter of 2026.