XPENG Announces Vehicle Delivery Results for November 2025

Rhea-AI Summary

XPENG (NYSE: XPEV) reported 36,728 vehicle deliveries in November 2025, a +19% year-over-year increase.

For the period January–November 2025, cumulative deliveries reached 391,937 units, up 156% YoY. Overseas deliveries for January–November 2025 were 39,773 units, a 95% YoY rise.

On November 5, XPENG held its 2025 AI Day, unveiling Physical AI applications including VLA 2.0, Robotaxi, and Next-Gen IRON humanoid robot, which the company said are expected to enter mass production in 2026. In November, XNGP achieved an urban driving monthly active user penetration rate of 84%. XPENG plans a China pilot of VLA 2.0 in late December.

Positive

• November deliveries of 36,728 vehicles (+19% YoY)
• Jan–Nov cumulative deliveries 391,937 units (+156% YoY)
• Overseas Jan–Nov deliveries 39,773 units (+95% YoY)
• Urban driving MAU penetration 84% in November

Negative

• None.

News Market Reaction

-2.20%

42 alerts

-2.20% News Effect

-4.0% Trough in 10 hr 24 min

-$459M Valuation Impact

$20.39B Market Cap

0.6x Rel. Volume

On the day this news was published, XPEV declined 2.20%, reflecting a moderate negative market reaction. Argus tracked a trough of -4.0% from its starting point during tracking. Our momentum scanner triggered 42 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $459M from the company's valuation, bringing the market cap to $20.39B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

November 2025 deliveries: 36,728 vehicles November YoY growth: 19% YoY YTD 2025 deliveries: 391,937 units +5 more

8 metrics

November 2025 deliveries 36,728 vehicles Company-wide Smart EV deliveries for November 2025

November YoY growth 19% YoY Year-over-year increase in November 2025 deliveries

YTD 2025 deliveries 391,937 units Cumulative deliveries January–November 2025

YTD deliveries growth 156% YoY Year-on-year increase in cumulative deliveries Jan–Nov 2025

Overseas YTD deliveries 39,773 units Overseas deliveries January–November 2025

Overseas deliveries growth 95% YoY Year-on-year increase in overseas deliveries Jan–Nov 2025

XNGP penetration 84% Urban driving monthly active user penetration in November

Planned mass production year 2026 Target mass production timing for Physical AI applications

Market Reality Check

Price: $16.77 Vol: Volume 8,211,200 vs 20-da...

low vol

$16.77 Last Close

Volume Volume 8,211,200 vs 20-day average 13,861,342 (relative volume 0.59x) indicates lighter-than-usual trading. low

Technical Price $19.19 is trading below the 200-day MA $20.73, signaling a weaker pre-news trend.

Peers on Argus

Peers showed mixed moves: LI +0.53%, NIO +2.81%, F +1.83%, STLA +0.34%, while RI...

Peers showed mixed moves: LI +0.53%, NIO +2.81%, F +1.83%, STLA +0.34%, while RIVN -5.66%. With XPEV at -0.81%, trading action looked more stock-specific than a clear sector-wide move.

Common Catalyst Several China EV peers (NIO, LI) also reported November 2025 delivery updates, indicating a common focus on monthly delivery performance across the group.

Historical Context

5 past events · Latest: Dec 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Monthly deliveries update	Positive	-2.2%	Reported November deliveries growth and expansion of AI and XNGP usage.
Nov 17	Q3 2025 earnings	Positive	-10.3%	Strong YoY growth in deliveries, revenue and margins with narrowed net loss.
Nov 05	Earnings call notice	Neutral	-4.0%	Scheduled Q3 2025 results release and conference call details.
Oct 31	Monthly deliveries update	Positive	+0.5%	Record October deliveries and expansion into seven new international markets.
Oct 30	AI Day announcement	Neutral	-1.0%	Announcement of 2025 XPENG AI Day focused on Physical AI and robotaxi.

Pattern Detected

Recent news with strong operational and financial growth (deliveries, revenues, margins) often coincided with negative or muted price reactions, suggesting a pattern of the stock selling off or underperforming around ostensibly positive updates.

Recent Company History

This announcement continues XPENG’s focus on operating metrics, highlighting November deliveries of 36,728 vehicles and strong year-to-date growth after prior records. In late October, XPENG reported record October deliveries of 42,013 units and rapid international expansion. The November 17 earnings release showed Q3 2025 deliveries of 116,007, revenues of RMB20.38bn, and a 20.1% gross margin, yet the stock fell 10.32%. AI-focused events like XPENG AI Day and earnings-call announcements also saw mostly negative or flat reactions, framing today’s delivery update against a backdrop of cautious trading response.

Market Pulse Summary

This announcement underscored XPENG’s continued scale-up, with November deliveries of 36,728 vehicle...

Analysis

This announcement underscored XPENG’s continued scale-up, with November deliveries of 36,728 vehicles and year-to-date growth of 156%, alongside overseas deliveries of 39,773 units. It also highlighted progress in advanced technology, including Physical AI, Robotaxi and a planned 2026 mass production timeline, plus an 84% urban XNGP penetration rate. In context of prior record October deliveries and Q3 revenue growth, key items to watch include future delivery trends, international expansion, and how new AI features support margins.

Key Terms

physical ai, robotaxi, humanoid robot

3 terms

physical ai technical

"unveiling a suite of groundbreaking "Physical AI" applications, including XPENG VLA 2.0, Robotaxi"

Physical AI combines artificial intelligence with physical devices or environments, enabling machines to interact with and adapt to the real world in a human-like way. It matters to investors because it can lead to smarter robots, autonomous vehicles, or advanced sensors that improve efficiency and open new markets, potentially creating significant business opportunities and competitive advantages.

robotaxi technical

"applications, including XPENG VLA 2.0, Robotaxi, and Next-Gen IRON humanoid robot."

A robotaxi is a self-driving vehicle designed to transport passengers without a human driver. It operates autonomously, using sensors and computers to navigate roads and pick up riders, similar to a taxi service but without a driver. For investors, robotaxis represent a potential shift in transportation, promising lower costs and new opportunities in mobility services.

humanoid robot technical

"VLA 2.0, Robotaxi, and Next-Gen IRON humanoid robot. These AI applications are expected"

A humanoid robot is a machine built to look or move like a human, with a head, torso, arms and legs, and software that lets it walk, grasp objects or follow spoken commands. For investors, these robots matter because they can change labor needs, create new product and service markets, and affect costs and productivity much like an automated worker or appliance; they also bring regulatory, safety and adoption risks that can influence returns.

AI-generated analysis. Not financial advice.

• 36,728 vehicles delivered in November, up 19% YoY

GUANGZHOU, China, Dec. 1, 2025 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for November 2025. XPENG delivered 36,728 Smart EVs in November 2025, representing a year-over-year increase of 19%. From January to November 2025, XPENG's cumulative deliveries reached 391,937 units, up 156% year-on-year.

XPENG's overseas deliveries from January to November 2025 reached 39,773 units, marking a 95% year-on-year increase.

On November 5, XPENG successfully hosted its 2025 XPENG AI Day event, unveiling a suite of groundbreaking "Physical AI" applications, including XPENG VLA 2.0, Robotaxi, and Next-Gen IRON humanoid robot. These AI applications are expected to enter mass production in 2026.

In November, XNGP achieved an urban driving monthly active user penetration rate of 84%. In late December, XPENG will invite users in China to participate in a pilot program of VLA 2.0.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts:

For Investor Enquiries:

IR Department
XPeng Inc.
Email: ir@xiaopeng.com

Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: xpeng@tpg-ir.com

For Media Enquiries:

PR Department
XPeng Inc.
Email: pr@xiaopeng.com

View original content:https://www.prnewswire.com/news-releases/xpeng-announces-vehicle-delivery-results-for-november-2025-302628973.html

SOURCE XPeng Inc.

FAQ

How many vehicles did XPENG (XPEV) deliver in November 2025?

XPENG delivered 36,728 vehicles in November 2025, up 19% YoY.

What were XPENG's cumulative deliveries for January–November 2025 (XPEV)?

Cumulative deliveries from January–November 2025 were 391,937 units, a 156% YoY increase.

How many overseas vehicles did XPENG deliver in Jan–Nov 2025 (XPEV)?

Overseas deliveries for January–November 2025 totaled 39,773 units, up 95% YoY.

What did XPENG announce at its November 5, 2025 AI Day and when is production expected (XPEV)?

XPENG unveiled Physical AI products including VLA 2.0, Robotaxi, and Next-Gen IRON, which the company said are expected to enter mass production in 2026.

What is XPENG's urban driving monthly active user penetration rate reported in November 2025 (XPEV)?

XPENG reported an urban driving monthly active user penetration rate of 84% in November 2025.

When will XPENG start the VLA 2.0 pilot in China and who can participate (XPEV)?

XPENG plans to invite users in China to participate in a VLA 2.0 pilot in late December 2025.