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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)

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