Xpeng deliveries up 2% in Dec, Q4 volume below guidance

- Xpeng delivered 116,249 vehicles in the fourth quarter, falling below the lower end of its guidance range of 125,000 to 132,000 units.
- For the full year 2025, Xpeng delivered 429,445 vehicles, representing a strong 125.94 percent increase.
(An Xpeng Mona M03 displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost)
Xpeng (NYSE: XPEV, HKG: 9868) saw moderate delivery growth last month as it concluded 2025 with an overall strong performance.
The Chinese electric vehicle (EV) maker delivered 37,508 vehicles in December, marking a 2.22 percent year-on-year increase and a 2.12 percent rise from November, according to data released today.
Model-specific delivery figures for Xpeng are expected to be available later this month.
Xpeng Monthly Deliveries 2023-2025
Month
2023
2024
2025
January
5,218
8,250
30,350
February
6,010
4,545
30,453
March
7,002
9,026
33,205
April
7,079
9,393
35,045
May
7,506
10,146
33,525
June
8,620
10,668
34,611
July
11,008
11,145
36,717
August
13,690
14,036
37,709
September
15,310
21,352
41,581
October
20,002
23,917
42,013
November
20,041
30,895
36,728
December
20,115
36,695
37,508
Xpeng monthly deliveries
2023
2024
2025
Xpeng Quarterly Deliveries 2023-2025
Quarter
2023
2024
2025
Q1
18,230
21,821
94,008
Q2
23,205
30,207
103,181
Q3
40,008
46,533
116,007
Q4
60,158
91,507
116,249
Xpeng quarterly deliveries
2023
2024
2025
Xpeng delivered 116,249 vehicles in the fourth quarter, falling below the lower end of its guidance range of 125,000 to 132,000 units.
The quarterly deliveries rose 27.04 percent year-on-year and were flat compared to the third quarter’s 116,007 units.
The company previously guided the fourth quarter total revenue to range between RMB 21.5 billion ($3.07 billion) and RMB 23.0 billion, representing about 33.5 percent to 42.8 percent year-on-year growth.
Xpeng Annual Deliveries 2018-2025
Year
Deliveries
2018
29
2019
12,728
2020
27,041
2021
98,155
2022
120,757
2023
141,601
2024
190,068
2025
429,445
For the full year 2025, Xpeng delivered 429,445 vehicles, a 125.94 percent increase year-on-year.
The company delivered 45,008 vehicles in overseas markets in 2025, a 96 percent year-on-year increase, Xpeng said.
By the end of 2025, Xpeng had expanded its overseas presence to 60 countries and regions.
Cumulative deliveries since inception reached 1,019,824 units by the end of 2025.
The company is banking on extended-range electric vehicle (EREV) models to drive 2026 sales growth.
On November 20, it launched the extended-range version of its X9 MPV (multi-purpose vehicle), marking its first EREV model.In recent days, Xpeng previewed the facelifted P7+ sedan that will add EREV options and teased the extended-range version of its G7 SUV.
The company has also filed for the EREV version of its G6 SUV in China.
This marks Xpeng’s second localized production project in Asia-Pacific and third globally, with mass production slated for 2026.
($1 = RMB 6.9937)




