XPeng delivered 429,445 vehicles in 2025, a 126% surge from the 190,068 units in 2024, as the Guangzhou-based carmaker exceeded its initial annual target but fell short of fourth-quarter guidance.
With a target of doubling deliveries to 380,000 vehicles, the company reached its annual guidance in November, a month ahead of schedule, becoming the first Chinese company to complete its yearly goal.
XPeng’s strong performance in 2025 was driven by an expanded product lineup and a rapidly growing global footprint.
The company aimed to double its international presence from 30 to 60 markets.
Recent entries into Colombia, a dealership agreement in Mauritius, and an upcoming launch in Pakistan have expanded XPeng‘s reach to at least 57 markets worldwide.
XPeng, which had been initially active in the Nordics and Central Europe, more than tripled its presence in Europe throughout 2025.
The company has now expanded into Southern and Eastern Europe and also begun selling in the UK and Ireland.
Most recent launches include Slovakia, Hungary and Slovenia, Lithuania, Latvia, and Estonia.
In the Old Continent, sales represented over 2,000 monthly units in November.
Fourth Quarter Results
In December, XPeng delivered 37,508 vehicles, a 2% increase from a year ago.
Monthly figures rebounded from November, when the brand registered the first sequential decline in six months.
Deliveries between October 1 and December 31 reached 116,249 units, falling short of the company’s guidance of 125,000 to 132,000 vehicles by 7%.
In its latest earnings report, XPeng said it expected to deliver between 125,000 and 132,000 vehicles in the final quarter of 2025, representing a rise of 36.6% to 44.3%.
The target implied full-year deliveries would reach between 438,196 and 445,196 vehicles.
Hybrid Production
The brand produced its one-millionth vehicle in mid-November, seven years after its first car rolled off the production line and just 14 months after reaching the 500,000-unit milestone.
The milestone vehicle was an extended-range version of the X9 multi-purpose van, which was launched around the same time.
In a strategic shift, the company — which had exclusively produced fully electric vehicles until late 2025 — entered the hybrid segment with this model launch.
It is also preparing to unveil hybrid versions of the newly launched G7 SUV, its cheapest G6 model, and the P7+ sedan.
The upcoming P7+ EREV was spotted for the first time testing on public roads in China in late November, while the hybrid G7 was first teased a few days ago.
The new P7+ will be globally debuted on January 8, as previously reported by EV.
The model will feature both fully electric and extended-range versions, and will launch across 36 markets simultaneously.
Stock Performance and Outlook
XPeng‘s shares — listed both in Hong Kong and the United States — have more than doubled this year.
The company surpassed both Li Auto‘s and Geely Auto‘s market cap on the Hong Kong Stock Exchange for the first time.
The carmaker is also the most valuable US-listed Chinese automaker, with a market cap of $19.4 billion by the end of the year. Li Auto follows at $18.1 billion and Nio at $12.5 billion.
XPeng‘s US-listed shares opened in 2025 at $11.55 and reached their yearly high of $28.24 on November 11.
The record share value was driven by a 30% surge in just one week, following the company’s 2025 ‘AI Day’ event.
By then, XPeng revealed progress in autonomy projects, including the IRON humanoid robot and a six-seat flying car.
The company plans to launch three Robotaxi models in 2026, which are expected to be a key catalyst.
Over the past month, however, the stock lost that 30% gain, retreating to around $20.40.
In the last trading session of 2025, shares closed at $20.28, down by nearly 5%.
