XPENG-W (09868) Reports Interim Results with Net Loss Attributable to Shareholders Widening 173.35% to RMB 3.121 Billion

Stock News
Aug 24

XPENG-W (09868) has released its interim results for the six months ended June 30, 2026. Total revenue reached RMB 32.777 billion, representing a year-on-year decrease of 3.84%. The net loss attributable to ordinary shareholders widened by 173.35% to RMB 3.121 billion, with a basic loss per share of RMB 1.63.

According to the announcement, total vehicle deliveries for the six-month period amounted to 166,000 units, a decline of 15.8% compared to 197,200 units delivered during the same period in 2025. As of June 30, 2026, the company's physical sales network comprised 740 stores spanning 257 cities. Additionally, the self-operated charging station network reached 3,780 stations, including 2,720 XPENG ultra-fast charging stations.

"The consecutive successes of the GX and MONA L03 have bolstered our confidence in upcoming new models, allowing us to translate our competitive advantages in smart technology and design leadership into more best-selling products and stronger brand momentum," said Mr. He Xiaopeng, Chairman and Chief Executive Officer of XPENG.

"XPENG Robotics has achieved several significant milestones in the development of mass-production-ready versions recently. I believe XPENG will not only become one of China's most valuable humanoid robotics companies, but also a global leader in physical AI, driving the large-scale application and commercialization of advanced general-purpose humanoid robots and autonomous driving technology in both domestic and international markets."

"In the second quarter of 2026, despite industry-wide cost pressures, our operations remained stable. Thanks to breakthroughs in premium positioning and international expansion, the company's gross margin continued to exceed 20%," said Dr. Gu Hongdi, Vice Chairman and Co-President of XPENG.

"I expect the mass production and commercialization of physical AI technology to accelerate over the coming year, generating substantial gross profit growth to support ongoing R&D investment in physical AI."

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