XPeng (XPEV) investor relations material

Executive summary

• Announced first round of XPeng Robotics financing, raising over $900 million at a $6.2 billion valuation, setting a record in China's humanoid robotics industry.

• XPeng IRON humanoid robot to enter mass production by end of 2026, with large-scale commercialization in 2027 targeting retail and service sectors in China and overseas.

• Automotive business saw strong Q2 2026 performance, with 103,295 vehicle deliveries, up 65% quarter-over-quarter and year-over-year growth outpacing the industry.

• Overseas vehicle deliveries exceeded 20,000 units in Q2, accounting for over 25% of total revenues, with high average selling prices and gross profit.

• Major upgrades to VLA 2.0 ADAS technology, aiming for L4-level capabilities and global deployment, with regulatory approval in Europe targeted for 2027.

Financial highlights

• Q2 2026 total revenues reached RMB 19.74 billion (US$2.91 billion), up 8% year-over-year and 51.5% quarter-over-quarter.

• Vehicle sales revenue was RMB 17.05 billion, up 1% year-over-year and 55% quarter-over-quarter.

• Services and other revenues were RMB 2.7 billion, up 93.9% year-over-year and 32.6% quarter-over-quarter, driven by R&D services and parts sales.

• Gross margin was 20.7%, up from 17.3% a year ago; vehicle margin was 12.1%, down from 14.3% year-over-year.

• Net loss was RMB 1.34 billion (US$0.20 billion), compared to RMB 0.48 billion a year ago and RMB 1.7 billion in Q1 2026.

• Cash position as of June 30, 2026, was RMB 40.48 billion (US$5.97 billion).

Outlook and guidance

• Q3 2026 deliveries expected at 115,000-121,000 units, up 11.3%-17.1% quarter-over-quarter.

• Q3 2026 revenue guidance is RMB 21.7-23.4 billion, up 9.9%-18.5% quarter-over-quarter.

• Anticipates significant increase in deliveries in Q4 2026, targeting over 60,000 units monthly.

• Expects to be among the first globally to mass-produce and commercialize advanced humanoid robots and deploy advanced ADAS overseas.