XPeng January Deliveries Fall 34% to 20,011 Vehicles Despite Global Network Expansion
XPeng delivered 20,011 vehicles in January 2026, marking a 34% year-over-year decline, significantly underperforming rival Nio’s 96.1% surge. The company simultaneously launched its P7+ model in 36 countries and expanded its global network to 380 stores and over 1,000 outlets.
1. January Deliveries Decline Sharply
XPeng Inc. reported January 2026 deliveries of 20,011 vehicles, a 34% year-over-year decline from the 30,460 units delivered in January 2025. This marks the company’s first double-digit drop in monthly deliveries since mid-2023, as domestic competition intensifies and government EV incentives are being scaled back. In premarket trading, XPeng shares fell 6.06%, reflecting investor concern over near-term demand weakness.
2. Expanded Global Footprint
As of December 31, 2025, XPeng has broadened its presence to 60 countries and regions, up from 45 a year earlier. The overseas sales network now comprises 380 physical stores—an increase of more than 150% year-over-year—and over 1,000 combined sales and service outlets. The company also launched the XPENG P7+ model simultaneously across 36 markets, making its European debut at the Brussels Motor Show in January, aiming to diversify revenue sources beyond China.
3. Strong Revenue Growth Offset by Continued Losses
In the third quarter of fiscal 2025, XPeng generated revenue of 20.38 billion yuan, up 101.8% year-over-year and narrowly missing analyst consensus by 0.5%. Adjusted net loss per American Depository Share was 0.16 yuan, versus the consensus loss estimate of 0.47 yuan, equating to an adjusted loss of roughly 2 U.S. cents per ADS. While the widening top line highlights robust order momentum for new models, the company remains unprofitable as it invests in R&D for full-stack autonomous driving technologies.