XPeng Inc. Delivery Performance and Market Impact for 2025
XPeng Inc. reported a strong 2025 vehicle delivery volume that exceeded 429,000 units, representing a 126 % increase over the previous year. The company’s December deliveries reached 37,508 vehicles, a 2 % year‑over‑year rise, yet the quarter fell short of the guidance issued earlier in the year.
2025 Full‑Year Deliveries
- Total 2025 deliveries: 429,000 + units
- Annual growth: 126 % compared with 2024
- Quarter‑4 performance: below analyst expectations, although the year‑long total surpassed all targets set by the company.
December 2025 Deliveries
- December vehicle deliveries: 37,508
- Year‑over‑year change: +2 %
- Market reaction: Share price fell 5.7 % to HK$20.06 on 31 December 2025, reflecting short‑term volatility despite robust delivery figures.
Financial and Market Context
| Item | Value |
|---|---|
| Close price (30 Dec 2025) | HK$79.05 |
| 52‑week high | HK$110.8 |
| 52‑week low | HK$17.92 |
| Market capitalization | HK$151,393,681,408 |
| Sector | Consumer Discretionary |
| Primary listing | Hong Kong Stock Exchange (HKEX: 9868) |
XPeng’s delivery growth aligns with its strategy to expand its smart, electric vehicle portfolio in China, offering vehicles along with finance, parts, and maintenance services. The company’s performance has attracted significant option activity, with call volume 1.5 times the expected level and implied volatility rising to 51.71 % as of 31 December 2025.
Comparative Performance
A recent industry review identified XPeng among the Chinese manufacturers that exceeded 2025 sales targets, placing it alongside Geely, Xiaomi, and Leapmotor. In contrast, competitors such as BYD, Chery, and HIMA fell short of their projections.
Overall, XPeng’s 2025 delivery results demonstrate strong operational execution, though the company’s December figures and quarterly guidance reveal areas for improvement as it continues to scale production and meet market demand.
