XPeng Inc. (XPEV) Announced Q4 2025 Earnings on March 20, 2026, Reporting "total revenues were RMB 22.25 billion for the fourth quarter of 2025".

XPeng Inc. reported its financial results for the fourth quarter of 2025, stating that total revenues were RMB 22.25 billion for the fourth quarter of 2025.

Revenues from vehicle sales were RMB 19.07 billion for the fourth quarter of 2025, while revenues from services and others were RMB 3.18 billion for the fourth quarter of 2025.

Gross margin was 21.3% for the fourth quarter of 2025, and vehicle margin was 13% for the fourth quarter of 2025.

Management noted a net profit of RMB 0.38 billion for the fourth quarter of 2025.

For the full fiscal year 2025, gross margin reached 18.9%, and the company had a free cash inflow of approximately RMB 5 billion, ending the year with a RMB 47.66 billion cash position.

Management highlighted a strategic focus on physical AI transformation and a business model driven by technology leadership.

The company integrated its autonomous driving center and smart cabin center into a General Intelligence Center to improve research and development efficiency. XPeng plans to increase investment in physical AI related R&D to RMB 7 billion this year.

The company also emphasized globalization, aiming to double overseas deliveries in 2026 year over year, with international business contributing over 20% of total revenue. To support this, the company plans to target 680 overseas stores for sales and service and introduce 4 new models to the global market.

For the first quarter of 2026, XPeng expects deliveries to be between 61,000 and 66,000 units, and revenue is expected to be between RMB 12.2 billion and RMB 13.2 billion.

Notable product updates include the gradual rollout of the VLA 2.0 autonomous driving system and the planned preorders for the XPeng GX, a 6 seat full size SUV, in the third quarter of 2026.

The company announced that its next generation humanoid robot, IRON, is targeted to enter mass production by the end of 2026.

Additionally, management noted that Volkswagen is their first external customer for both the Turing SoC and VLA 2.0, and that shipments of the Turing SoC are targeted to reach nearly 1 million units this year.