XPENG (NYSE: XPEV) surges March deliveries and outlines Latin America growth plan

Rhea-AI Filing Summary

XPENG Inc. reported strong operational momentum, delivering 27,415 vehicles in March 2026, an 80% increase over the prior month. For the first quarter of 2026, the company delivered 62,682 vehicles, underscoring growing demand for its smart electric vehicles.

The company also advanced its global strategy by introducing a three-year plan for Latin America and officially entering the Mexican market on March 25, 2026. XPENG plans to launch both pure electric and range-extended electric models in 2027 and is targeting a leading position in the region by 2028 as part of its broader international expansion.

Positive

• Rapid delivery growth: XPENG delivered 27,415 vehicles in March 2026, an 80% month-over-month increase, and 62,682 vehicles in the first quarter, indicating strong demand and scaling production.
• Strategic international expansion: The company entered Mexico and set a three-year Latin America strategy, planning new model launches in 2027 and targeting a leading regional position by 2028.

Negative

• None.

Insights

EV sector equity analyst

XPENG shows strong Q1 delivery growth and advances global expansion.

XPENG delivered 27,415 vehicles in March 2026, up 80% from the prior month, and 62,682 in the first quarter. This indicates accelerating demand for its smart EV lineup and operational scaling in its core business.

The company also formally entered Mexico and presented a three-year Latin America strategy, with plans to launch pure electric and range-extended models in 2027 and aim for a leading regional position by 2028. This signals a push beyond China into higher-growth export markets, though execution and competitive dynamics in Latin America will shape actual outcomes.

Key Figures

March 2026 deliveries: 27,415 vehicles Month-over-month delivery growth: 80% Q1 2026 deliveries: 62,682 vehicles +2 more

5 metrics

March 2026 deliveries 27,415 vehicles Vehicle deliveries in March 2026

Month-over-month delivery growth 80% Increase in March 2026 vs prior month

Q1 2026 deliveries 62,682 vehicles Total vehicle deliveries in first quarter 2026

Latin America strategy horizon Three years Strategy period introduced March 25, 2026

Target leadership year 2028 XPENG aims for leading position in Latin America

Key Terms

range-extended electric models, advanced driver-assistance system, electrical/electronic architecture, forward-looking statements, +1 more

5 terms

range-extended electric models technical

"plans to launch both pure electric and range-extended electric models in 2027"

Range-extended electric models are vehicles that drive on electric motors using a battery as the primary power source but include a small internal-combustion engine or generator to recharge the battery when needed, acting like a built-in backup charger. For investors, they blend electric-vehicle appeal with reduced range anxiety, which can broaden market demand, alter manufacturing and fuel-cost dynamics, affect regulatory credit eligibility, and influence resale values and profit margins.

advanced driver-assistance system technical

"develops in-house its full-stack advanced driver-assistance system technology"

electrical/electronic architecture technical

"core vehicle systems including powertrain and the electrical/electronic architecture"

forward-looking statements regulatory

"This announcement contains forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

safe harbor provisions regulatory

"made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995"

Safe harbor provisions are rules or legal protections that shield companies or individuals from certain penalties or liabilities when they follow specific guidelines or procedures. They provide a sense of security, encouraging compliance and innovation by reducing the fear of legal repercussions if they act in good faith. For investors, these provisions help ensure that companies are transparent and accountable without the risk of unfair punishment for honest mistakes.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

April 2026

Commission File Number: 001-39466

XPENG INC.

No.10, Cencun Fengzhuang Avenue

Tianhe District, Guangzhou

Guangdong 510640

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒    Form 40-F ☐

TABLE OF CONTENTS

Exhibit 99.1 Press release: XPENG Announces Vehicle Delivery Results for March and First Quarter 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

XPENG INC.
By:		/s/ Xiaopeng He
Name:		Xiaopeng He
Title:		Chairman and Chief Executive Officer

Date: April 1, 2026

Exhibit 99.1

XPENG Announces Vehicle Delivery Results for

March and First Quarter 2026

GUANGZHOU, China, Apr. 1, 2026 (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 March and the first quarter of 2026.

In March 2026, XPENG delivered a total of 27,415 vehicles, representing an 80% increase over the prior month. In the first quarter of 2026, XPENG delivered 62,682 vehicles.

On March 25, 2026, XPENG introduced a three-year strategy for Latin America and officially entered the Mexican market, marking a major milestone in its global expansion. Under this strategy, the Company plans to launch both pure electric and range-extended electric models in 2027, laying the groundwork for broader market coverage and targeting a leading position in the region by 2028.

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

Source: XPeng Inc.

FAQ

How many vehicles did XPENG (XPEV) deliver in March 2026?

XPENG delivered 27,415 vehicles in March 2026, an 80% increase over the prior month. This sharp month-on-month growth highlights rising demand and improved delivery capacity for the company’s smart electric vehicles.

What were XPENG (XPEV) total vehicle deliveries in Q1 2026?

XPENG delivered 62,682 vehicles in the first quarter of 2026. This aggregate figure reflects the company’s growing sales scale and supports its positioning as a leading smart EV provider serving technology-focused consumers.

What expansion plans did XPENG (XPEV) announce for Latin America?

XPENG introduced a three-year strategy for Latin America and officially entered the Mexican market. The plan is part of its global expansion efforts and aims to establish a strong presence across key countries in the region.

When will XPENG (XPEV) launch new models in Latin America?

Under its Latin America strategy, XPENG plans to launch both pure electric and range-extended electric models in 2027. These product introductions are intended to support broader market coverage across the region’s diverse customer preferences.

What regional market position is XPENG (XPEV) targeting in Latin America?

XPENG is targeting a leading position in the Latin American market by 2028. This objective builds on its entry into Mexico and planned 2027 model launches as it works to expand its global smart EV footprint.

Where are XPENG (XPEV) main manufacturing plants located?

XPENG’s smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou in China’s Guangdong province. These facilities support production for both its domestic market and expanding international operations, including newly targeted regions like Latin America.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 6.9 KB