XPeng Narrows Loss as 2025 Deliveries and Revenue Surge on AI-Driven EV Growth

An update from XPeng, Inc. Class A ( (HK:9868) ) is now available.

XPeng reported a sharp acceleration in scale for 2025, with vehicle deliveries surging 125.9% year-on-year to 429,445 units and total revenue climbing 87.7% to RMB76.72 billion, driven by robust vehicle sales and an expanding retail and charging footprint. Profitability metrics improved significantly as gross margin rose to 18.9% and vehicle margin to 12.8%, while net loss narrowed to RMB1.14 billion and non-GAAP net loss to RMB0.46 billion, supported by a strengthened cash position of RMB47.66 billion.

Management framed 2025 as an inflection year for Physical AI, highlighting record fourth-quarter gross margin of 21.3% and a quarterly net profit of RMB0.38 billion as evidence of a differentiated, technology-led path to profitability versus traditional automakers. The company plans to leverage its strong balance sheet to continue heavy investment in AI-defined vehicles, higher-level autonomous driving, global rollout of its second-generation VLA model, and the scale production of advanced humanoid robots, underscoring its ambitions to deepen its role in next-generation mobility and robotics.

The most recent analyst rating on (HK:9868) stock is a Buy with a HK$135.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

More about XPeng, Inc. Class A

XPeng Inc. is a China-based global AI mobility technology company focused on smart electric vehicles and Physical AI applications. The group develops and sells AI-defined EVs, advanced driver-assistance and autonomous driving technologies, supported by a growing physical sales and ultra-fast charging network in China and expanding international markets.

Average Trading Volume: 15,580,966

Technical Sentiment Signal: Buy

Current Market Cap: HK$144B

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