XPENG INC. (XPEV) SEC Filings

XPENG INC. (XPEV) reported Q2 2026 and first-half 2026 results showing a sharp volume rebound, stronger margins, but significantly larger losses versus last year. Q2 vehicle deliveries rose to 103,295, up from 62,682 in Q1 2026 and roughly flat versus 103,181 in Q2 2025.

Q2 total revenue was RMB19.74 billion, up 8.0% year over year and 51.5% quarter over quarter, with vehicle sales of RMB17.05 billion. Gross profit reached RMB4.08 billion and gross margin improved to 20.7% from 17.3% a year earlier, while vehicle margin was 12.1%. High-margin services and others revenue, helped by technical R&D services and parts, grew strongly with a 75.1% margin.

Despite better scale and margins, profitability deteriorated year on year. Q2 net loss was RMB1.34 billion (non-GAAP net loss RMB1.24 billion), versus a loss of RMB0.48 billion (non-GAAP RMB0.39 billion) in Q2 2025, though losses narrowed sequentially from Q1 2026. For the first half of 2026, revenue fell 3.8% to RMB32.78 billion, vehicle sales revenue declined 10.3%, and net loss widened to RMB3.12 billion (non-GAAP RMB2.92 billion). XPENG increased R&D spending to RMB5.82 billion and ended June 30, 2026 with a cash position of RMB40.48 billion. A subsidiary, Dogotix Inc., agreed to a conditional US$900 million share subscription.

XPENG INC. (XPEV) has entered into a Dogotix Share Purchase Agreement to raise substantial external equity funding for its humanoid-robotics subsidiary Dogotix. XPeng Dogotix and institutional investors including IDG Capital, Alibaba, Tencent and Gaorong Ventures agreed to subscribe for an aggregate 394,700,800 Dogotix Series A Preferred Shares for US$800 million, while executive-affiliated entities will subscribe for 49,337,600 Dogotix Ordinary Shares for US$100 million and Dogotix Warrants giving rights to a further 246,688,000 Ordinary Shares at a US$500 million aggregate exercise price. Dogotix may also place up to 7,400,640 additional Series A shares for US$15 million.

Dogotix will also adopt the Dogotix 2026 Equity Incentive Plan and implement a carve‑out of XPeng’s robotics business into Dogotix Group. Assuming full subscriptions, full warrant exercise and full plan utilisation, XPeng’s equity interest in Dogotix will decrease from 100.00% to approximately 68.41%, yet Dogotix will remain a consolidated subsidiary. Dogotix expects to receive about US$900 million of proceeds from this round, earmarked for growth, expansion, capital expenditure and working capital for the XPeng Robotics Business.

Investors receive Redemption Rights if Dogotix does not complete a qualified IPO within seven years or upon other trigger events, at the higher of (i) 100% of purchase price plus 8% compound interest and unpaid dividends or (ii) 120% of purchase price plus unpaid dividends. Dogotix’s robotics business reported unaudited net losses of RMB87 million in 2024 and RMB369 million in 2025, with net liabilities of about RMB447 million as of 31 March 2026, so this capital injection significantly strengthens its balance sheet while introducing dilution and redemption obligations at the Dogotix level.

XPeng Inc., a Cayman Islands company controlled through weighted voting rights and listed in Hong Kong under stock code 9868, has scheduled a Board meeting for August 24, 2026. The Board will consider and approve the second quarterly results for the three months ended June 30, 2026 and the interim results for the six months ended the same date, along with their publication.

Company management will host a Second Quarter 2026 earnings conference call at 8:00 a.m. U.S. Eastern time (8:00 p.m. Beijing/Hong Kong time) on August 24, 2026. A live and archived webcast will be available on the investor relations website, and a replay can be accessed by phone using replay PIN 10056093 until September 1, 2026.

XPeng Inc. reported July 2026 vehicle delivery and expansion metrics. The company delivered 38,027 vehicles in July, an increase of 4% year over year. As of July 31, 2026, cumulative deliveries reached more than 1.2 million units worldwide. Electric vehicles delivered from January to July 2026 are expected to reduce life-cycle greenhouse gas emissions by more than 3.23 million tons compared with internal combustion engine vehicles, equivalent to the carbon absorbed by 53.75 million young trees over 10 years.

XPeng is accelerating global expansion. It held its Brand Day and L03 Global Launch Event in Munich, with the new global model scheduled to launch in 65 countries and regions in 2026. The company outlined a long-term strategy for Australia, including plans to introduce five all-new models in the second half of 2026 and expand its local sales and service network. XPeng also plans a global rollout in 2027 of its NGP (Next Generation Pilot) system, powered by its in-house VLA 2.0 model, reinforcing its positioning as a Physical AI-focused mobility company.

XPENG INC. director Yang Donghao acquired 9,072 Class A ordinary shares on July 14, 2026 through the vesting and conversion of 9,072 Restricted Share Units granted under the 2019 Equity Incentive Plan at a nil purchase price. Following this vesting, he holds 18,144 Class A shares directly, and from the original 27,216 RSU grant, 9,072 RSUs are scheduled to vest on July 12, 2027, subject to his continued service.

XPeng Inc. granted an aggregate of 1,255,122 restricted share units (RSUs), representing the same number of Class A ordinary shares, to 47 employees on July 15, 2026 under its 2025 Share Incentive Scheme. The RSUs are granted at nil purchase price, and the Class A ordinary shares closed at HK$52.550 on the grant date. New shares to satisfy these RSUs equal about 0.07% of total issued shares before and after the grants. Vesting is purely service-based, spread across multiple dates from 2026 to 2030, with some tranches vesting in quarterly or annual installments as permitted by the scheme. The RSUs carry no performance targets but are subject to detailed clawback mechanisms in cases such as cause, confidentiality breaches, or reputational harm. Following these grants, 152,186,043 Class A ordinary shares remain available for future awards under the main scheme limit and 9,531,047 under the service provider sublimit.

Wu Jiaming reported acquisition or exercise transactions in this Form 4 filing.

XPENG INC. vice president of finance and accounting Wu Jiaming received 43,558 Class A ordinary shares on July 2, 2026, when an equal number of Restricted Share Units (RSUs) vested at a nil purchase price under the company’s 2019 Equity Incentive Plan.

These RSUs are part of a 174,232-unit award granted in July 2023 that vests in four equal annual installments tied to continued service and performance targets. After this vesting, Wu directly holds 124,674 Class A ordinary shares, and an additional 43,558 RSUs from the same award are scheduled to vest on July 1, 2027.

XPENG Inc. reported strong operating data, delivering 40,126 vehicles in June 2026 and 103,295 vehicles in the second quarter of 2026. Deliveries of the GX model reached 6,739 units in June, with its 10,000th vehicle rolling off the production line.

The company plans to debut the XPENG MONA L03 in China on July 2, 2026, with presales starting the same day and a broader global launch later in July. XPENG estimates that vehicles delivered from January to June 2026 will cut life-cycle greenhouse gas emissions by more than 2.66 million tons compared with traditional internal combustion cars, equivalent to the 10-year carbon absorption of 43.92 million young trees.

XPeng Inc. reported the poll results of its Annual General Meeting held on June 26, 2026, where all ten resolutions were approved by shareholders. The meeting covered financial reporting, board composition, auditor re-appointment, capital mandates and constitutional changes.

Shareholders adopted the audited consolidated financial statements for the year ended December 31, 2025 and re-elected independent non-executive directors Donghao Yang, HongJiang Zhang and Yudong Chen. They also re-appointed PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as auditors.

Investors granted the board a general mandate to issue additional Class A ordinary shares up to 20% of issued share capital and a separate mandate to repurchase shares and/or ADSs up to 10%. A special resolution approved and adopted the company’s tenth amended and restated memorandum and articles of association, which became effective on June 26, 2026.