XPeng Inc. (NYSE:XPEV) witnessed a downturn in its stock value on Monday following the company's announcement of its January 2026 vehicle delivery figures, which highlighted a substantial year-over-year contraction. The Chinese electric vehicle manufacturer disclosed that it delivered 20,011 vehicles during the month, marking a 34% decline compared to January 2025.
During this period, XPeng introduced the XPENG P7+ model simultaneously across 36 countries, with its European debut taking place at the 2026 Brussels Motor Show. By the end of 2025, XPeng had established a presence in 60 countries and regions worldwide. This expansion has been accompanied by growth in the company's overseas infrastructure, with the international sales network encompassing 380 physical stores, an increase exceeding 150% year-over-year. The comprehensive global sales and service network now comprises over 1,000 outlets.
In the broader industry context, XPeng's delivery figures stand in contrast to those of some of its leading Chinese electric vehicle competitors. Nio Inc. (NYSE:NIO) reported a remarkable 96.1% year-over-year rise in deliveries for January, underscoring strong market demand. Li Auto Inc. (NASDAQ:LI), meanwhile, delivered 27,668 vehicles, which represents a decrease from 29,927 in the prior year, indicating a divergence in performance among China’s major EV manufacturers.
Financially, XPeng's recent earnings reflected robust revenue growth. For the third quarter of 2025, the company posted revenue of 20.38 billion Chinese yuan (approximately $2.86 billion), representing a 101.8% increase year-over-year. This was marginally below the consensus forecast of $2.87 billion. Despite the revenue surge, XPeng reported an adjusted net loss per ADS of 0.16 yuan, which was narrower than the analyst consensus estimate of a 0.47 yuan loss. In US dollar terms, the adjusted earnings per ADS reflected a 2 cent loss.
The market responded negatively to the delivery announcement, with XPeng shares dropping 6.06% in premarket trading on Monday to $16.89, in accordance with data from Benzinga Pro. Concurrently, Nio shares decreased by 1.70% to $4.62, and Li Auto shares fell 0.48% to $16.55.
This juxtaposition of strong expansion efforts and disappointing delivery figures presents a complex picture for XPeng, highlighting ongoing challenges in vehicle sales performance amid aggressive global growth strategies.