Chinese electric vehicle (EV) makers XPeng (XPEV) and Xiaomi (XIACF) impressed investors yet again with solid delivery numbers for August. XPeng reported a 169% year-over-year growth in its August deliveries. Meanwhile, Xiaomi announced on Weibo (WB) that its deliveries continued to be above 30,000 units last month.
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The favorable news about August deliveries of these two EV makers comes amid intense competition in the Chinese market, which has triggered a price war and drawn the government’s scrutiny.
XPeng Impresses with August Deliveries
XPeng delivered 37,709 EVs in August, reflecting a 169% year-over-year jump and about 3% sequential growth compared to the prior month. Overall, the company’s deliveries for the first eight months of 2025 increased 252% year-over-year to 271,615 units.
Innovative offerings, such as the next-generation P7 and Mona M03, are driving higher deliveries for XPeng. The company aims to double its deliveries this year to about 380,000 units.
XPEV stock has rallied 78% year-to-date, driven by the EV maker’s robust performance and continued demand for its models. Recently, the stock surged on news that Chairman and CEO He Xiaopeng increased his stake in the company by purchasing 3.1 million Class A ordinary shares. Generally, a purchase of shares in the company by an insider reflects confidence in its growth potential.
Is XPEV a Good Stock to Buy Now?
Currently, Wall Street has a Moderate Buy consensus rating on XPeng stock based on nine Buys, three Holds, and one Sell recommendation. The average XPEV stock price target of $25.31 indicates 20.4% upside potential.
Xiaomi’s Deliveries Continue to See Momentum
Xiaomi’s deliveries exceeded the 30,000-unit mark for a second consecutive month. The Chinese smartphone maker, which unveiled its first EV in late 2023, doesn’t provide specific delivery figures. According to the China Passenger Car Association (CPCA), Xiaomi delivered 30,452 units in July, marking a 19.6% growth from 25,459 units in June.
Xiaomi has emerged as a strong competitor to Tesla (TSLA) in the Chinese market. Its SU7 sedan has been consistently outselling the Tesla Model 3. While Xiaomi is ramping up production for the newly released YU7 crossover, it is already giving Tesla’s Model Y a tough time.
Is XIACF Stock a Buy, Sell, or Hold?
With 12 Buys and two Holds, Wall Street has a Strong Buy consensus rating on Xiaomi stock. The average XIACF stock price target of $8.65 indicates 26.4% upside potential. XIACF stock has jumped 55% year-to-date.
