XPeng delivered 40,126 vehicles in June — its strongest month of 2026 — a result that carried second-quarter deliveries to 103,295 and landed the quarter inside the 100,000-to-106,000 range the carmaker had previously guided to.
The quarterly total cleared the low end of that guide by 3,295 units and sat 2,705 below the ceiling, a sequential jump of 64.8% from the first quarter’s 62,682 deliveries.
Against the year-ago period, the figure was essentially flat, running about 0.3% above the roughly 103,000 vehicles XPeng delivered in the second quarter of 2025.
The Guidance
The company guided second-quarter deliveries to 100,000 to 106,000 vehicles and revenue to 19.6 billion to 20.8 billion yuan when XPeng reported a first-quarter net loss of 1.78 billion yuan, a range that leaned on a steep back-loaded ramp.
With April deliveries of 31,011 and May deliveries of 32,158, the guidance left June needing to reach roughly 37,000 to 43,000 units — a level XPeng had not approached in 2026 — and June’s 40,126 delivered it.
The May figure had marked a fifth straight year-over-year decline, down 4.1%, with the GX launched too late in the month to contribute, so June’s total confirmed the ramp the guidance had bet on.
A First Half Still Below Its Full-Year Pace
Adding June to the year’s earlier months, XPeng delivered 165,977 vehicles in the first half — the sum of the 62,682 first quarter and the 103,295 second, and equally the 125,851 delivered through May plus June’s 40,126.
That first-half total equals between 27.7% and 30.2% of the 550,000-to-600,000 vehicles XPeng is targeting for the full year, leaving under a third of the annual goal banked at the halfway mark.
Clearing even the low end of that target would require a second half of about 384,000 vehicles, roughly 2.3 times the first half; the high end would demand close to 434,000, about 2.6 times.
So while the second quarter met its guide, the full-year ambition of 28% to 40% growth over 2025’s 429,445 units now rests on a back half far steeper than anything XPeng has delivered this year.
Full-Year Frame
XPeng is targeting global deliveries of 550,000 to 600,000 vehicles in 2026, growth of 28% to 40% over the 429,445 units it delivered in 2025.
A second-quarter result inside the 100,000-to-106,000 guide clears the first checkpoint on that path, but the gap between a 165,977 first half and a target requiring roughly 384,000 to 434,000 more vehicles.
XPeng said the electric vehicles it delivered from January to June would cut life-cycle greenhouse-gas emissions by more than 2.66 million tons against comparable combustion cars, a reduction it likened to the carbon absorbed by 43.92 million young trees over 10 years.
The GX Ramp at the Center
XPeng‘s second-quarter recovery rested largely on the GX, the six-seat SUV it launched on May 20, which delivered 6,739 units in June as large-scale handovers began.
The company said the 10,000th GX rolled off the production line on Wednesday, a manufacturing milestone that ran ahead of the roughly 7,000 units delivered across May and June as output built inventory for the ramp.
XPeng priced the GX between 279,800 and 359,800 yuan and pitched it against premium rivals including the new-generation Nio ES8, the Nio ES9, the Li Auto L9 and the Onvo L90, a segment where volume had long skewed toward the entry-level Mona M03.
The GX secured 24,863 non-cancellable firm orders within its first 12 hours on sale, with the flagship Ultra trim accounting for more than 80% and wait times for the battery-electric version stretching to 26 to 30 weeks.
The Mona M03 fully electric sedan — which is priced from 119,800 yuan — has held the position as China’s top-selling A-class pure-electric sedan for 19 consecutive months and remained the volume anchor beneath the premium push.
Upcoming L03 SUV
XPeng set the Mona L03’s China debut for July 2 in Beijing, with pre-orders opening the same evening and display vehicles arriving in stores from July 1, in what He called the company’s fastest product rollout to date ahead of a European launch days later.
The Mona L03 is the second model in the entry-level Mona series and its first SUV, positioned as a mass-market vehicle He has indicated will not exceed 300,000 yuan, with an expected price around 150,000 yuan.
The company has also filed the larger Mona L05 mid-size SUV and a flagship G9L with China’s regulator, both planned for the second half of 2026, part of a four-model rollout meant to broaden a lineup still anchored by the Mona M03.
XPeng confirmed it will launch the Mona L03 and a premium SUV in Europe from July, anchored by a brand event in Munich, as it pushes to double overseas sales in 2026 after delivering 22,787 vehicles across European markets in 2025.
Adding the Mona L03 to the European lineup would bring XPeng below the price range of its existing offerings and into direct competition with affordable Chinese EVs from BYD and the Stellantis-backed Leapmotor.
The carmaker now operates in 28 European countries and guided that international revenue would top 20% of its total starting in the second quarter, while planning a Middle East and Africa hub centered on Egypt.
XPeng rolled its first mass-produced robotaxi off the line in Guangzhou in May, built on the GX platform with Level 4-capable hardware and four in-house Turing chips, with pilot operations targeted for the second half of 2026.
