Asia
XPeng's July Deliveries Climb 4%
EV maker XPeng (HKG:9868) delivered 38,027 vehicles in July, up 4% from a year prior.As of July 31, deliveries reached over 1.2 million units worldwide, according to a Monday Hong Kong bourse filing.
HKG:9868
HKG:9868
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US Markets
China's EV Manufacturers Report Strong July Sales, Led by Leapmotor's 102% Surge
Most Chinese electric-vehicle manufacturers reported higher deliveries in July versus a year earlier, led by Zhejiang Leapmotor Technology (HKG:9863), which saw its sales double from a year earlier.Stellantis-backed Leapmotor delivered 101,267 vehicles globally in July, up 102% year over year, exceeding the 100,000-unit mark in a single month for the first time.Deliveries in the first seven months of the year totaled 457,754 units, up 68.4% and achieving about 46% of its full-year target of 1 million.BYD (HKG:1211, SHE:002594) sold 419,211 new energy vehicles in July, up 21.8% from 344,296 a year earlier, according to a Hong Kong bourse filing on Sunday. The company exported 180,538 NEV units during the month.XPeng (HKG:9868) delivered 38,027 vehicles globally in July, up 4% year over year, the company said in a press release on Saturday. Cumulative deliveries surpassed 1.2 million units as of July 31.Li Auto (HKG:2015) sold 30,468 vehicles in July, with cumulative deliveries reaching 1.8 million as of July 31, the company said in a bourse filing on Sunday. While the company did not mention year-over-year growth, data from July 2025 shows that latest deliveries rose 0.86% from the 30,731 vehicles sold last year.NIO (HKG:9866, SGX:NIO) delivered 35,934 vehicles in July, up 71% from a year earlier. The sales consisted of 20,008 vehicles from its namesake NIO brand, 10,155 vehicles from its ONVO brand, and 5,771 units from its FIREFLY brand. Cumulative deliveries reached 1.2 million units.Geely Automobile (HKG:0175) sold 250,161 vehicles in July, up 5% from a year earlier. Exports surged 202% to 106,663 units from 35,272 units.The company's Zeekr brand saw sales jump 111% to 35,837 units from 16,977 units last year. Lynk & Co deliveries, however, plunged 40% to 16,382 units.However, overall NEV sales at home are expected to have fallen to 980,000 units in July from the previous month amid a seasonal slowdown, CnEVPost reported, citing data from the China Passenger Car Association.July is a traditionally slow season for auto sales in China as high temperatures and heavy rain and flooding in some regions affect showroom traffic and deliveries, according to CnEVPost.
HKG:0175HKG:1211HKG:2015HKG:9863HKG:9866HKG:9868SGX:NIOSHE:002594
Asia
XPeng to Recall Over 33,000 X9 Vehicles Over Front Air Spring Defect
XPeng (HKG:9868) will recall 33,473 X9 vehicles in China from Aug. 28 due to a defect in the front air springs that could affect vehicle handling and increase the risk of a crash, according to a State Administration for Market Regulation statement on Friday.The recall covers X9 vehicles manufactured between Aug. 8, 2023 and Aug. 11, 2025.The regulator said manufacturing process fluctuations could reduce the airtightness of the front air springs, causing them to gradually leak after prolonged use in hot and humid conditions.XPeng will replace the front air spring strut assembly with an improved version free of charge. Vehicles that have already received the upgraded parts will not require further repairs.
HKG:9868
Asia
Shanghai Holds Auto Industry Compliance Meeting to Tackle Online Info Dissemination
Shanghai's cyberspace administration, alongside economic, commerce, market regulation and police authorities, held a compliance guidance meeting on Tuesday as part of a special campaign to regulate online information dissemination in the automotive sector.Representatives from 15 automakers including SAIC (SHA:600104), Tesla, BYD (HKG:1211, SHE:002594), Xiaomi (HKG:1810), XPeng (HKG:9868), NIO (HKG:9866, SGX:NIO), and Li Auto (HKG:2015) attended, alongside over 80 major dealer groups and platforms like Xiaohongshu, Bilibili (HKG:9626) and Hupu, according to a Wednesday statement.Officials outlined key governance areas and regulatory requirements. The market regulator detailed pricing compliance guidelines covering manufacturing to sales.
Shanghai Composite^SZSEHKG:1211HKG:1810HKG:2015HKG:9626HKG:9868SGX:NIOSHA:600104SHE:002594
Asia
Chinese Passenger Car Sales Fall 23% in June
Chinese retail sales of passenger cars slid 23.2% to 1.6 million units in June, the China Passenger Car Association said in a Wednesday press release.New energy vehicle sales fell 9% during the month, with domestic brands slipping 11%, mainstream joint venture-made NEVs plunging 45%, and luxury brands declining 11%.Retail sales of gas-powered vehicles plunged 39% year over year, with pure gasoline vehicle sales falling 42% and conventional hybrids slipping 7%.Vehicle exports surged 82% to 877,000 units in June, with 56.9% of the figure coming from NEVs.Production fell 2.7% year over year to 2.3 million units.China's biggest local automakers include Dongfeng Motor Group (HKG:0489), SAIC Motor (SHA:600104), Chongqing Changan Automobile (SHE:000625), BAIC Motor (HKG:1958), Guangzhou Automobile Group (SHA:601238, HKG:2238), Great Wall Motors (SHA:601633, HKG:2333), Chery Automobile (HKG:9973), and FAW Group (SHE:000800).Top new-energy vehicle manufacturers include BYD (SHE:002594, HKG:1211), Li Auto (HKG:2015), XPeng (HKG:9868) and NIO (HKG:9866, SGX:NIO).
Shanghai Composite^SZSEHKG:0489HKG:1211HKG:1958HKG:2015HKG:2238HKG:9866HKG:9868HKG:9973SGX:NIOSHA:600104SHA:601238SHE:000625SHE:000800SHE:002594
US Markets
BYD Leads China NEV Sales in June
BYD (HKG:1211, SHE:002594) led June's new energy vehicle sales as demand for such vehicles continues to surge abroad, even as domestic expansion faces distinct retail headwinds.BYD recorded the highest number of sales among Chinese NEV makers, selling 403,472 units during the month, up 5.46% from a year earlier. The carmaker's momentum was buoyed by its overseas performance, where passenger exports nearly doubled year over year to a record 174,897 units, offsetting a cool domestic retail market.Meanwhile, Zhejiang Leapmotor Technology (HKG:9863) and Nio (HKG:9866, SGX:NIO) recorded significant increases in their global deliveries, jumping 95% and 62.9% year over year, respectively, to deliver 93,376 units and 40,597 units.Leapmotor's numbers were boosted by its extended-range hybrid lineup, while Nio's deliveries were split across its luxury brand and its emerging sub-brands.SAIC Motor (SHA:600104) maintained strong overall volume, with group-wide sales reaching 395,000 units in June, up 8.1% from the previous year. Sales were boosted by electrification across the company's portfolio. Monthly NEV-specific sales 66.6% year over year to hit 201,000 units.Meanwhile, Geely Automobile's (HKG:0175) NEV sales climbed 2% year on year to 240,799 units, while those of Chery Automobile (HKG:9973) rose 9.5% to 240,585 units.Meanwhile, XPeng (HKG:9868) sold 40,126 vehicles during the month, bringing deliveries in the second quarter to 103,295 units. The carmaker plans to launch and presale a new model, XPENG MONA L03, on Thursday.Li Auto (HKG:2015) delivered 30,895 NEVs in the same month, bringing 1.7 million units into sale as of the end of June. The automaker said it surpassed 150,000 units in cumulative production after introducing a new flagship SUV, Li L8, on June 23.The number in NEV exports rose, but analysts from S&P Global said it is not enough to lift the slumping domestic demand.On a June 15 note, the ratings firm predicted NEV domestic sales to drop by 7% year on year to 25.4 million units in June as demand slowed down due to a reduction in trade-in and NEV purchase tax incentives."While mainland China automakers have been praised for their speed to market and ability to rapidly update products and technology, this frenetic cycle has a downside," S&P Global said. "The pace of model updates from mainland OEMs is causing some consumers to delay purchases, waiting for better deals both technologically and financially."
HKG:0175HKG:1211HKG:2015HKG:9863HKG:9866HKG:9868HKG:9973SGX:NIOSHA:600104SHE:002594
Asia
XPeng Delivers 40,126 Vehicles in June
XPeng (HKG:9868) delivered 40,126 vehicles in June, taking its second quarter deliveries to 103,295 units.The company plans to launch the XPENG MONA L03 in China tomorrow, July 2, with pre-sales beginning the same day, followed by a global market launch later in July, according to a Wednesday Hong Kong bourse filing.
HKG:9868
Asia
Market Chatter: Xpeng Launches New Model in Israel
Xpeng (HKG:9868) on Wednesday launched a new electric vehicle in Israel, state media Xinhua News reported.The firm launched the Xpeng P7+ electric executive car, the report said, citing the company's local importer Freesbe.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HKG:9868
US Markets
Chinese EV Makers Report Strong Sales Despite Domestic Headwinds
Chinese electric carmakers increased their output in May, but sales of electric vehicles at home could continue their downturn in the month.XPeng (HKG:9868) logged a 4% increase in its deliveries to 32,158 vehicles during the month, according to a Monday press release.The electric vehicle company's deliveries in the first five months of the year are seen to reduce greenhouse gases by 2 million tons compared with internal combustion engine units, supplanting the equivalent of carbon absorption of 33.2 million young trees, the report said.NIO's (HKG:9866; SGX:NIO) deliveries surged 62% to 37,705 vehicles in May, according to a separate press release.Deliveries of the NIO brand comprised 20,013 units, while that of its ONVO brand reached 12,029 vehicles, and its Firefly brand reached 5,663.Year-to-date deliveries for NIO reached 150,526, up 69% year over year.Xiaomi's (HKG:1810) deliveries topped 30,000, EV news website CNEV Post reported, citing the automaker.The tech company, which also made its foray into electric vehicles, did not share exact figures of deliveries, according to the news outlet.SAIC Motors' (SHA:600104) joint venture with General Motors and Guangxi Automobile, saw global sales reach 126,087 vehicles, according to Chinese news site Internet Info Agency.SAIC-GM-Wuling's Red Label saw sales of 45,224 units, while its Silver Label logged 46,026 units.The rise in deliveries contrasts with the performance of domestic car sales as companies may have moved past its "golden era," Reuters reported separately Thursday, citing NIO CEO William Li.Sales may not likely rebound despite strong exports, the report said.
Shanghai Composite^SZSEHKG:1810HKG:9866;SGX:NIOHKG:9868SHA:600104
US Markets
XPeng's Losses Nearly Triple in First Quarter as Deliveries Slide 33% Amid 'Seasonal Slowdown'
XPeng (HKG:9868) incurred wider losses in the first quarter of 2026 versus a year earlier, as vehicle deliveries fell sharply during what the carmaker described as a "seasonal slowdown."Guangdong, China-based XPeng booked 1.78 billion yuan in attributable net loss for the first quarter, nearly tripling from a net loss of 664.0 million yuan a year prior, according to a press release after market hours on Thursday.Loss per share ballooned to 0.93 yuan for the quarter ended March 31 from 0.35 yuan a year earlier.Total revenue declined 17.6% year over year to 13.03 billion yuan as revenue from vehicle sales plunged 23.5% from a year earlier to 11 billion yuan.Vehicle deliveries totaled 62,682 units in the first quarter, down 33% from 94,008 units in the first quarter of 2025."Even in a market downturn, our focus extends beyond scale," XPeng Co-Founder, Chairman and CEO He Xiaopeng told analysts during an earnings call.Despite the loss, gross margin improved to 20.6% from 15.6% a year earlier, while vehicle margin edged up to 12.1% from 10.5%, supported by cost reductions and improvement in product mix, XPeng said.Looking ahead, XPeng expects a recovery in the second quarter, with deliveries forecast to grow by up to 2.73% year over year to up to 106,000 units, or a quarter-over-quarter growth of up to 69%.Revenue is predicted to jump by up to 13.8% from a year earlier to up to 20.8 billion yuan."Starting with the GX, we plan to launch and begin deliveries of four all new SUV models within the next six months. These models have been defined and designed from day one as global vehicles," He said.XPeng launched the GX on May 20. The model secured 24,863 orders within the first 12 hours of its launch, the company said on Weibo."I believe XPeng is entering the strongest delivery growth trajectory in our history," He added.Deutsche Bank analyst Wang Bin said in a note to clients this week that the aggressive pricing of GX will boost XPeng's May orders to 50,000 units.Meanwhile, the first quarter also marked a transformation for XPeng."We formally changed our official Chinese name from XPeng Motors to XPeng Group, reflecting XPeng's transformation from a smart EV company to a physical AI company," He told analysts.In the first quarter, XPeng's revenue from "services and others" jumped 41% year over year to 2.03 billion yuan, owing to increased revenues from technical research and development services and parts and accessories sales, the company said."At this pivotal moment, we choose to bet firmly on physical AI with increasing R&D on AI, and I believe physical AI applications represent one of the most significant global strategic opportunities of the next decade," He said.He also hinted that XPeng will bring "robo taxis and humanoid robots" into mass production, and that the company will build the commercial ecosystem around these products.
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Asia
Xpeng Widens Loss in Q1
Xpeng (HKG:9868) recorded an attributable loss of 1.78 billion yuan in the first quarter of 2026, compared with 664 million yuan a year prior, according to a Thursday Hong Kong bourse filing.Loss per share widened to 0.93 yuan from 0.35 yuan in the corresponding period of the previous fiscal year.Revenue slipped 18% to 13 billion yuan from 15.8 billion yuan in the year-ago period.
HKG:9868
Asia
Market Chatter: Xpeng to Receive Local Government Funding in China
Chinese automaker Xpeng (HKG:9868) was selected to be part of a first batch that will receive funding from a local government investment fund in Guangdong, China, with an initial registered capital of 50 billion yuan, Reuters reported Wednesday.The fund plans to funnel capital into strategic emerging industries, though it was unclear how much it will invest in Xpeng, which has pivoted towards robotaxis, humanoid robots and flying cars, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HKG:9868
Asia
Xpeng Rolls Out First Mass-Produced Robotaxi in China
Xpeng (HKG:9868) rolled out its first mass-produced Robotaxi from its Guangzhou facility, according to a Monday press release.The new Robotaxi, built on Xpeng's GX platform, is the first autonomous taxi in China to enter mass production with a fully self-developed hardware and software stack, according to the automaker.The company plans to begin pilot Robotaxi operations in the second half of 2026 and aims to achieve fully autonomous operations without on-site safety officers by early 2027.
HKG:9868
Asia
Market Chatter: XPeng in Talks with Volkswagen to Buy Factory in Europe
XPeng (HKG:9868) is talking with Volkswagen and other carmakers for the possible purchase of a production facility in Europe, the Financial Times reported Wednesday."We are ... discussing with (Volkswagen) to see if there is any possibility we can find a location here in Europe," XPeng's Managing Director for Northeastern Europe, Elvis Cheng, said during the newspaper's Future of the Car summit on Wednesday.Xpeng's plan comes days after the German carmaker's CEO, Oliver Blume, said Volkswagen could bring its China-developed cars to Europe or even share factory capacity in Europe with Chinese partners, Reuters reported separately.Volkswagen purchased a 4.99% stake in Xpeng at the end of 2023.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HKG:9868
Asia
XPeng Delivers 31,011 Vehicles in April
XPeng (HKG:9868) delivered 31,011 vehicles in April, up 13% from the prior month, according to a Monday Hong Kong bourse filing.The company said test-drive satisfaction improved following the rollout of VLA 2.0, with the average purchase decision time after test drives falling 44.7% month over month.XPeng also unveiled the GX, its first full-sized flagship SUV, and began local production of the P7+ in Austria with partner Magna.
HKG:9868
Asia
XPeng Grants Nearly 2.3 Million RSUs to Employees Under Incentive Scheme
XPeng (HKG:9868) granted nearly 2.3 million restricted share units (RSUs) to 69 employees under a 2025 incentive plan, according to a Friday Hong Kong bourse filing.The RSUs represent the same number of underlying class A ordinary shares of the EV maker.The shares roughly represent 0.12% of the firm's enlarged issued share capital.The company now has about 153.1 million and 9.5 million class A ordinary shares available for future grant under the scheme mandate limit and the service provider sublimit.
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