Overview
- XPeng said Wednesday it delivered 62,682 vehicles in Q1 2026, landing within its 61,000 to 66,000 guidance but marking its first year-over-year quarterly decline since 2023.
- March deliveries rose to 27,415, an 80% jump from February, though still about 17% below March 2025 levels.
- The company is aiming for 550,000 to 600,000 deliveries in 2026, which puts the quarter at roughly a tenth of the target and signals a back‑loaded year.
- XPeng is expanding overseas with a formal entry into Mexico and a three‑year Latin America strategy that prepares pure electric and range‑extended models for 2027.
- It is boosting AI and self‑driving investment, rolling out its VLA 2.0 driver‑assist software, and setting up robotaxi pilots for the second half of 2026 with a driverless rollout targeted for early 2027.