XPeng Inc. Reports Q4 Revenue of RMB22.25 Billion, Barclays Lowers PT to RMB16

XPeng Inc. reported fourth-quarter revenue of RMB22.25 billion, a 9.2% increase sequentially and 38.2% year-over-year. Vehicle sales revenue rose to RMB19.07 billion, and the company recorded a net profit of RMB0.38 billion with a gross margin of 21.3%. For the full year 2025, XPeng's revenue surged 87.7% to RMB76.72 billion, supported by total deliveries of 429,445 vehicles. Looking ahead, the company expects first-quarter 2026 deliveries between 61,000 and 66,000 vehicles and revenue of RMB12.20 billion to RMB13.28 billion.