Overview
- Xpeng posted record Q3 revenue of 20.38 billion yuan on 116,007 deliveries, narrowing its net loss to 380.9 million yuan as gross margin rose to 20.1% and vehicle margin to 13.1%.
- Fourth‑quarter guidance of 125,000–132,000 deliveries and 21.5–23.0 billion yuan in revenue trailed analyst estimates, and shares fell after Bernstein labeled the outlook “soft.”
- Xpeng highlighted longer‑term bets with plans to move its IRON humanoid robot toward mass production next year and to launch robotaxi models in 2026, supported by heavy R&D spending that rose 49% year over year.
- At its recent AI Day, Xpeng said Volkswagen will adopt its VLA 2.0 platform and in‑house Turing chip for certain B‑segment cars from early 2026, a step analysts viewed as validation of its technology.
- Xiaomi reported its first quarterly profit from EVs at about 700 million yuan on 108,796 deliveries, with EV revenue contributing strongly to group results even as overall revenue missed consensus.