XPeng Q2 2026 results: Revenue up 8%, deliveries reach 103,295 units

XPeng has reported its second-quarter 2026 results, with revenue reaching RMB 19.74 billion, up 8.0% year on year. Gross margin rose to 20.7%, while vehicle deliveries for the quarter totalled 103,295 units.

R&D spending came to RMB 2.91 billion, an increase of 32.1% from a year earlier. XPeng ended the quarter with RMB 40.48 billion in cash and cash equivalents.

The company also continues to expand its sales and charging network. XPeng has 740 stores across 257 cities in China, while its own charging network has grown to 3,780 stations.

Overseas operations continue to grow as well, with XPeng vehicles now sold in more than 60 countries and regions and 467 stores outside China.

For the third quarter, XPeng expects vehicle deliveries of 115,000 to 121,000 units, with total revenue forecast at RMB 21.7 billion to RMB 23.4 billion.

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