XPeng, Inc. Class A (9868) AI Stock Analysis

• Market Cap: HK$137.81B
• Dividend Yield: N/A
• Average Volume (3M): 15.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.46
• Revenue Growth: 86.21%
• EPS Growth: 51.50%
• Country: HK
• Employees: 15,364
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.44
• Shares Outstanding: 1,562,944,600
• 10 Day Avg. Volume: 13,798,139
• 30 Day Avg. Volume: 15,593,674
• PEG Ratio: -2.67
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 1.01
• P/FCF Ratio: -9.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$117.55
• Price Target Upside: 62.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 19
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$87.00 ▲(20.33% Upside)

XPeng's overall stock score is driven by strong revenue growth and positive technical indicators, suggesting potential upward momentum. However, the company's ongoing profitability challenges and negative valuation metrics significantly weigh down the score. The earnings call provided some optimism with improved gross margins and reduced net loss, but increased expenses and declining vehicle margins remain concerns.

Positive Factors

Revenue Growth

XPeng's strong revenue growth indicates robust demand for its products and effective market penetration, supporting long-term business expansion.

International Expansion

Successful international expansion enhances XPeng's global footprint, diversifies revenue streams, and reduces reliance on the domestic market.

Technological Advancements

Investments in cutting-edge technology position XPeng as a leader in innovation, potentially opening new revenue streams and market opportunities.

Negative Factors

Vehicle Margin Decrease

Declining vehicle margins may impact profitability, suggesting pricing pressures or increased costs that could affect long-term financial health.

Increased Expenses

Rising R&D and SG&A expenses could strain financial resources, potentially impacting cash flow and profitability if not managed effectively.

Continued Net Loss

Ongoing net losses highlight challenges in achieving profitability, which could affect long-term sustainability and investor confidence.

XPeng, Inc. Class A Business Overview & Revenue Model

Company Description

XPeng, Inc. Class A (9868) is a prominent Chinese electric vehicle (EV) manufacturer headquartered in Guangzhou, China. The company specializes in designing, developing, manufacturing, and selling smart EVs, focusing on integrating advanced technologies such as artificial intelligence and autonomous driving capabilities into its vehicles. XPeng's product lineup includes models like the G3 SUV, P7 sedan, and the upcoming P5 sedan, catering to a growing consumer demand for sustainable transportation solutions. The company operates primarily in the automotive sector, with a commitment to innovation and sustainability.

How the Company Makes Money

XPeng generates revenue primarily through the sale of electric vehicles, which constitutes its main revenue stream. The company sells its vehicles directly to consumers and also through a network of dealerships. In addition to vehicle sales, XPeng earns revenue from value-added services, including software subscriptions for its autonomous driving and in-car connectivity features. The company has established partnerships with technology firms to enhance its vehicle capabilities, which can lead to additional revenue through collaborative projects. Furthermore, XPeng may benefit from government incentives and subsidies aimed at promoting the adoption of electric vehicles, contributing to its overall earnings.

XPeng, Inc. Class A Financial Statement Overview

Summary

XPeng, Inc. demonstrates robust revenue growth, a positive indicator in the competitive auto-manufacturing industry. However, persistent operational losses and cash flow challenges underscore the need for improved cost management and efficiency in converting revenues to cash. The company's leverage is moderate, but the lack of profitability impacts its overall financial health.

Income Statement

The company shows significant revenue growth, with a 33.20% increase from 2023 to 2024. However, profitability remains a challenge as evidenced by negative EBIT and net income margins. The gross profit margin improved to 14.31% in 2024, but the net profit margin is still negative at -14.17%, indicating ongoing operational challenges.

Balance Sheet

The company maintains a solid equity base with an equity ratio of 37.80% in 2024, but the high debt-to-equity ratio of 0.47 highlights leverage concerns. Despite these, the return on equity remains negative due to losses, pointing towards inefficiencies in generating shareholder returns.

Cash Flow

The cash flow statements indicate zero operating and free cash flow in 2024, suggesting cash flow management issues. The lack of operating cash flow to support net income reflects challenges in converting revenue into cash, impacting liquidity and financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	60.29B	40.87B	30.68B	26.86B	20.99B	5.84B
Gross Profit	9.49B	5.85B	451.15M	3.09B	2.62B	265.99M
EBITDA	-3.92B	-2.91B	-8.02B	-7.58B	-3.94B	-2.27B
Net Income	-4.28B	-5.79B	-10.38B	-9.14B	-4.86B	-2.73B
Balance Sheet
Total Assets	92.43B	82.71B	84.16B	71.49B	65.65B	44.71B
Cash, Cash Equivalents and Short-Term Investments	33.87B	32.72B	31.67B	31.22B	39.72B	33.01B
Total Debt	30.67B	15.94B	15.39B	12.83B	5.05B	2.29B
Total Liabilities	62.09B	51.43B	47.83B	34.58B	23.50B	10.28B
Stockholders Equity	30.34B	31.27B	36.33B	36.91B	42.15B	34.43B
Cash Flow
Free Cash Flow	0.00	-4.44B	-1.36B	-12.91B	-5.41B	-1.50B
Operating Cash Flow	0.00	-2.01B	956.16M	-8.23B	-1.09B	-139.77M
Investing Cash Flow	0.00	-1.26B	631.17M	4.85B	-33.08B	-4.41B
Financing Cash Flow	0.00	669.32M	8.02B	6.00B	14.63B	34.33B

XPeng, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 72.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9868, the sentiment is Negative. The current price of 72.3 is below the 20-day moving average (MA) of 78.20, below the 50-day MA of 84.71, and below the 200-day MA of 80.55, indicating a bearish trend. The MACD of -3.77 indicates Positive momentum. The RSI at 33.49 is Neutral, neither overbought nor oversold. The STOCH value of 19.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9868.

XPeng, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2333	73 Outperform	HK$187.00B	10.47	13.04%	3.40%	7.93%	-12.94%
0175	72 Outperform	HK$167.59B	9.27	17.60%	1.99%	―	―
1211	66 Neutral	HK$902.85B	20.51	19.95%	1.52%	22.94%	10.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2015	59 Neutral	HK$129.39B	27.15	7.01%	―	-10.21%	-54.95%
9868	53 Neutral	HK$137.81B	-43.93	-9.03%	―	86.21%	51.50%
9866	39 Underperform	HK$87.54B	-3.39	-297.21%	―	14.73%	2.81%

XPeng, Inc. Class A Corporate Events

XPeng Inc. Reports Robust Growth in November 2025 Vehicle Deliveries and Unveils New AI Innovations

XPeng Inc. reported a significant increase in vehicle deliveries for November 2025, with 36,728 smart EVs delivered, marking a 19% year-on-year growth. The company’s cumulative deliveries from January to November 2025 reached 391,937 units, a 156% increase compared to the previous year. Additionally, XPeng’s overseas deliveries saw a 95% year-on-year rise, totaling 39,773 units. The company also hosted its 2025 XPENG AI Day, unveiling new AI applications like XPENG VLA 2.0, Robotaxi, and the Next-Gen IRON humanoid robot, which are expected to enter mass production in 2026. These developments highlight XPeng’s strategic advancements in AI and its potential impact on the EV market.

XPeng Inc. Appoints Yudong Chen as Independent Non-Executive Director

XPeng Inc. has announced the appointment of Mr. Yudong Chen as an independent non-executive director, effective January 1, 2026. Mr. Chen brings extensive experience from his previous roles in various companies, including Bosch and Delphi Automotive Group. His appointment is expected to enhance the board’s diversity and effectiveness, contributing valuable business experience and professionalism.

XPeng Inc. Reports Robust Q3 2025 Financial Growth Amid Expanding EV Market

XPeng Inc. reported significant growth in its third-quarter financial results for 2025, with a 101.8% increase in total revenues year-over-year, reaching RMB20.38 billion. The company also saw a substantial rise in vehicle deliveries, up 149.3% from the previous year, and improved its gross margin to 20.1%. Despite a net loss of RMB0.38 billion, XPeng’s financial performance indicates a strengthening position in the smart EV market, supported by an expanding sales network and charging infrastructure.

XPeng Inc. Schedules Board Meeting and Earnings Call for Q3 Results

XPeng Inc. has announced a board meeting scheduled for November 17, 2025, to discuss and approve the company’s third-quarter results for the period ending September 30, 2025. The company will also host an earnings conference call on the same day to present these results to stakeholders, which may influence investor perceptions and market positioning.

XPeng Inc. Achieves Record EV Deliveries and Expands Globally

XPeng Inc. reported record monthly deliveries of 42,013 smart electric vehicles in October 2025, marking a 76% year-over-year increase. The company is experiencing significant growth, with deliveries exceeding 40,000 units for the second consecutive month and a 190% increase in deliveries over the first ten months of the year. XPeng is also expanding its global footprint by entering seven new international markets and continues to see strong adoption of its advanced driver assistance system, XNGP. The company plans to showcase its latest AI advancements at the upcoming XPENG AI Day.

XPeng, Inc. Announces Significant RSU Grants to Senior Management and Employees

XPeng, Inc. has announced the grant of 5,075,940 Restricted Share Units (RSUs) to one senior management member and 318 employees under its 2025 Share Incentive Scheme. This initiative aims to align the interests of its employees with the company’s long-term goals. The RSUs will vest over a period of four years, with specific vesting schedules for senior management and employees, and are subject to performance targets for senior management. This move is expected to enhance employee motivation and retention, potentially impacting the company’s operational efficiency and market competitiveness.

XPeng Inc. Achieves Record EV Deliveries and Maintains Top ESG Rating

XPeng Inc. reported a significant increase in vehicle deliveries for September and the third quarter of 2025, with a record 41,581 Smart EVs delivered in September, marking a 95% year-over-year increase. The company also achieved a 149% year-over-year increase in deliveries for the third quarter, reaching 116,007 units. Additionally, XPeng’s P7 model became the fastest to achieve 40 jobs per hour on a new production line, and the company maintained its AAA MSCI ESG Rating for the third consecutive year. These achievements highlight XPeng’s strong operational performance and its leading position in the global automotive industry.

XPeng Inc. Files Form S-8 for 2025 Share Incentive Scheme

XPeng Inc. has announced the filing of a registration statement on Form S-8 with the U.S. Securities and Exchange Commission. This filing is related to the registration of Class A ordinary shares under the 2025 Share Incentive Scheme, which aims to incentivize and retain talent within the company. This move is expected to strengthen XPeng’s position in the competitive electric vehicle market by aligning employee interests with company growth, potentially enhancing stakeholder value.