XPeng Delivers 116,007 Vehicles in Q3 2025, Up 149.3% YoY
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Should l Buy XPEV?
Source: Globenewswire
- Surge in Deliveries: XPeng achieved record quarterly deliveries of 116,007 vehicles in Q3 2025, reflecting a remarkable 149.3% year-over-year growth, which not only underscores the company's robust momentum in the EV market but also sets a new benchmark for performance.
- Significant Revenue Growth: The company reported revenue of RMB 20.38 billion in Q3, up 101.8% year-over-year, with vehicle sales revenue accounting for 88.6% of total revenue, indicating that the surge in sales volume has been a key driver of financial improvement.
- Increased R&D Investment: XPeng's R&D expenses rose to RMB 2.43 billion in Q3 2025, a 48.7% increase year-over-year, which not only strengthens its competitive edge in intelligent driving technology but also lays a solid foundation for future product innovations.
- Risk Warning: Despite progress in product diversification, the heavy reliance on the MONA M03 and P7+ models, which together account for over 70% of total deliveries, poses risks if market demand shifts, necessitating a faster rollout of new models to enhance market resilience.
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Analyst Views on XPEV
Wall Street analysts forecast XPEV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XPEV is 29.67 USD with a low forecast of 20.00 USD and a high forecast of 50.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
1 Hold
1 Sell
Moderate Buy
Current: 16.880
Low
20.00
Averages
29.67
High
50.00
Current: 16.880
Low
20.00
Averages
29.67
High
50.00
About XPEV
XPeng Inc is a holding company mainly engaged in the design, development, manufacturing and marketing of smart electrical vehicles (EVs). The Company develops full-stack advanced driver assistance systems (ADAS) software in house and has deployed such software on mass-produced vehicles. The Company offers various models, including G9 (mid- to large-sized sport utility vehicle (SUV), P7i (sports sedan), G6 (coupe SUV), X9 (seven-seater multi-purpose vehicle (MPV)), MONA M03 (sedan) and P7+ (family sedan). The Company operates stores across China, including both stores directly operated by the Company and franchised stores. The Company also offers technical research and development services, services embedded in a sales contract, maintenance service, supercharging service.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Intensifying Competition: Brands like Xiaomi and Nio reported year-on-year delivery increases in January, with Xiaomi exceeding 39,000 deliveries, highlighting intensified market competition that may pressure BYD's sales.
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- Overall Market Trend: U.S. stock futures were lower, with Dow futures falling around 100 points, indicating a cautious market sentiment that could further impact investor attitudes towards Xpeng.
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