- Xpeng’s January deliveries declined 34.07% year-on-year and fell 46.65% month-on-month.
- Additional purchase tax costs and reduced policy support contributed to the impact.
Xpeng Monthly Deliveries 2024-2026
Month
2024
2025
2026
January
8,250
30,350
20,011
February
4,545
30,453
March
9,026
33,205
April
9,393
35,045
May
10,146
33,525
June
10,668
34,611
July
11,145
36,717
August
14,036
37,709
September
21,352
41,581
October
23,917
42,013
November
30,895
36,728
December
36,695
37,508
Xpeng monthly deliveries
2024
2025
2026
Xpeng (NYSE: XPEV, HKG: 9868) saw its delivery volume decline last month as China’s auto market entered its traditional off-season and faced impacts from reduced policy support.
The Chinese electric vehicle (EV) maker delivered 20,011 vehicles in January, down 34.07% year-on-year and down 46.65% month-on-month, according to data released today.
The Xpeng X9 MPV (multi-purpose vehicle) continued strong sales in January, with cumulative deliveries reaching 51,897 units since its launch, the company said.
Entering 2026, China’s new energy vehicle (NEV) buyers now face a 5% purchase tax, rather than the previous full exemption from the 10% rate.
Additionally, vehicle trade-in subsidies in multiple Chinese cities expired at the end of last year. China has extended the subsidies with adjusted details, currently in a transitional phase.
On January 8, Xpeng updated four models, adding extended-range electric vehicle (EREV) options for two of them.
Last week, the company began accepting pre-orders for the 2026 X9 battery electric vehicle (BEV).
The X9 was initially launched in China on January 1, 2024, offering only BEV options. On November 20 last year, Xpeng introduced the extended-range X9 MPV, its first EREV model.
On January 22, Xpeng began offering 7-year low-interest financing plans in China, joining Tesla (NASDAQ: TSLA) and Xiaomi (HKG: 1810, OTCMKTS: XIACY).
Xpeng targets 550,000 to 600,000 vehicle deliveries in 2026, representing growth of about 28.1% to 39.7%.
