XPeng detailed plans for its upcoming product launches on Monday, including the beginning of deliveries of the G9L SUV and the launch of the recently spotted Mona L05 SUV.
The announcements, made by the company’s founder and Chief Executive Officer He Xiaopeng during the second quarter earnings call, marked the first official confirmation of the mid-size L05’s launch window — now scheduled for the fourth quarter.
XPeng had not previously disclosed a timeline for the model, which was spotted roadtesting without camouflage on Chinese roads earlier this month — roughly three months after its first filing with China’s Ministry of Industry and Information Technology on May 9.
Additionally, deliveries for the G9L SUV — which debuted on August 11 — will begin in September, the founder confirmed.
“With the launch of four brand new SUV models, we will cover all major SUV segments,” he said, referring to the GX — launched in May and the second best-selling model in July — and the Mona L03, which debuted globally last month.
G9L Five-Seat Large SUV
The G9L opened pre-sales from 259,800 yuan ($38,700) across six BEV and EREV variants.
A large five-seat SUV stretching 5,120 mm on a 3,100 mm wheelbase, the model enters a segment contested by Li Auto’s L7, the Huawei-backed Aito M7 and the Onvo L80.
XPeng confirmed last month that the G9L will also launch in overseas markets, following the path of the GX and the Mona L03.
September deliveries will give the G9L roughly one month of contribution to XPeng’s third-quarter figures, which the company guided at 115,000 to 121,000 vehicles — nearly flat considering last year’s 116,007 units.
L05’s Launch Window
The L05 is the third model under XPeng‘s lower-cost Mona sub-brand, after the M03 sedan and the L03 compact SUV.
A five-seat fastback SUV measuring 4,870 mm in length on a 2,940 mm wheelbase, the model sits in the mid-size SUV class and represents a step up from the L03’s 4,650 mm body.
MIIT filings disclosed in May and June revealed two powertrain configurations.
The EREV variant carries a 37.2 kWh lithium iron phosphate battery with a 1.5-liter range extender, delivering up to 253 km (157 miles) of CLTC electric-only range.
BEV versions use 58.2 kWh and 71.1 kWh packs for up to 560 km and 660 km (348 and 410 miles) of CLTC range.
Whether the L05 will be sold in overseas markets remains unclear.
“In 2027, we will also introduce multiple star models, including extended range EV models in overseas markets, further expanding our geographic coverage and market share,” He stated during the call.
Q3 Guidance and the Q4 Gap
Speaking during the call, the company’s founder noted that he expects “XPeng deliveries to increase significantly in the fourth quarter, with monthly deliveries targeting more than 60,000 units.”
Third-quarter guidance of 115,000 to 121,000 vehicles implies August and September deliveries of approximately 76,973 to 82,973 units, after July’s 38,027.
At the low end of the range, the required monthly run rate barely exceeds July’s result.
Cumulative deliveries through July 31 reached 204,004 vehicles.
XPeng set an internal target of 550,000 to 600,000 global deliveries for 2026.
Subtracting the Q3 guidance from the remaining annual total leaves a fourth-quarter requirement of approximately 266,000 to 316,000 vehicles, or roughly 88,700 to 105,300 per month across October, November and December.
He Xiaopeng’s stated target of more than 60,000 monthly deliveries in the fourth quarter would yield roughly 180,000 units over three months.
Added to the 204,004 delivered through July and the 76,973 to 82,973 implied for August and September, that produces a full-year total of roughly 461,000 to 467,000 — between 83,000 and 89,000 short of the 550,000 floor.
XPeng‘s all-time monthly delivery record stands at 42,013, set in October 2025.
Q2 Results
XPeng reported second-quarter revenue of 19.74 billion yuan ($2.91 billion) on Monday, below the 20.57 billion yuan analysts expected.
Deliveries of 103,295 vehicles were essentially flat against 103,181 a year earlier.
Vehicle margin fell to 12.1% from 14.3%.
Reacting to the results, XPeng’s US-listed shares fell by over 7% to $11.28 — the lowest value since the first trading day of 2025, when the stock traded as low as $11.14.
