XPeng Inc (NYSE:XPEV), a prominent Chinese electric vehicle manufacturer, disclosed on Thursday a strategic cooperation agreement with Antom, a global payments technology firm, designed to refine the payment experience for its electric vehicle (EV) charging services worldwide. This collaboration, publicly announced earlier on Monday, positions XPeng as the pioneering Chinese automaker to engage in a worldwide payment system partnership with Antom.
The scope of this partnership is set to commence in Hong Kong, with planned progression into key Southeast Asian markets and additional international regions by the year 2026. Antom brings to the table extensive capabilities, supporting over 300 distinct payment methods spread across more than 200 markets worldwide.
XPeng itself commands a substantial charging infrastructure footprint, with its network reaching 31 countries and comprising more than 2.66 million charging piles, a critical asset underpinning its international user base. The integration facilitated by this alliance enables XPeng to embed a wide array of payment options, including electronic wallets and mobile banking applications, into its charging services, enhancing convenience for users on a global scale.
Notably, XPeng's overseas vehicle deliveries have shown robust growth, increasing by 96% year-over-year to total 45,008 units in 2025, underscoring the company’s expanding global presence.
Expanding Global Charging Leadership Through Payment Innovation
The agreement with Antom represents a strategic advancement for XPeng as it intensifies efforts to extend its global reach. By deploying Antom’s sophisticated payment solutions, XPeng seeks to streamline the entire charging process for consumers, delivering a frictionless experience from the discovery of charging points to the completion of transactions.
XPeng's commitment to scaling its charging network is further evidenced by collaborations with local enterprises such as Cornerstone Technologies and EV Power within Hong Kong. These partnerships currently underpin the operation of over 1,600 public EV chargers, significantly enhancing charging facility accessibility and user convenience in that locale.
Looking forward, XPeng anticipates rolling out charging services in additional international markets including Singapore, Thailand, Malaysia, Indonesia, among others. This is bolstered by Antom's ability to assimilate region-specific payment systems, for example, DANA in Indonesia and Touch ‘n Go eWallet in Malaysia, thereby supporting XPeng's localized market integration and enabling smoother user transactions.
Recent Performance and Market Reception
Despite these strategic initiatives, XPeng's stock faced downward pressure last Monday following a disappointing delivery report for January 2026. The company disclosed a delivery volume of 20,011 vehicles during that month, reflecting a 34% decline year-over-year. This contraction contrasts with its broader expansion efforts.
Simultaneously, XPeng launched the XPeng P7+ across 36 countries, including a European debut at the 2026 Brussels Motor Show in January, reflecting its ongoing commitment to product expansion parallel to infrastructure development.
In early trading on Monday, XPeng shares experienced a modest increase of 0.45%, trading at $17.80 per share as per Benzinga Pro data.