XPENG (NYSE:XPEV) reported a transformative fiscal year 2025, characterized by exponential volume growth and a significant leap in manufacturing efficiency.
The company delivered a record 429,445 vehicles, representing a 125.9% year-over-year increase.
This surge drove full-year revenues to RMB 76.72 billion (+87.7% YoY), while the company’s focus on cost optimization and a premium product mix pushed its fourth-quarter gross margin to a record 21.3%.
The commercial success of the MONA M03 sedan and the flagship P7+ were the primary engines of this momentum.
The MONA M03 alone contributed over 160,000 units in 2025, while the P7+ saw its 100,000th unit roll off the assembly line just as 2026 began.
This volume helped XPENG reach its first quarterly net profit in Q4 (RMB 0.38 billion) and fortified its balance sheet with a substantial RMB 47.66 billion cash position.
Looking ahead to 2026, XPENG has set an ambitious delivery target of 550,000 to 600,000 units.
To achieve this, the company is pivoting to a "one-car, dual-power" strategy, launching seven new "Super Extended-Range" (EREV) models alongside its pure electric (BEV) offerings.
This move is designed to eliminate range anxiety for a broader consumer base and circumvent European tariffs on Chinese-made BEVs.
The 2026 lineup will also debut XPENG's in-house Turing AI chip (720 TOPS) and VLA 2.0 software, which the company claims provides foundational L4 autonomous driving capabilities.
Meanwhile, global expansion remains a core pillar for 2026, with XPENG aiming to double its overseas sales after reaching 45,008 international deliveries in 2025.