XPENG INC SEC Filings

XPeng Inc. has scheduled a board meeting for May 28, 2026 to review and approve its first quarterly results for the three months ended March 31, 2026 and to approve their publication.

Management will host a first quarter 2026 earnings conference call at 7:00 a.m. U.S. Eastern time on May 28, 2026 (7:00 p.m. Beijing/Hong Kong time), with pre-registration required via the provided online link. A live and archived webcast will be available on the company’s investor relations website, and a telephone replay will be accessible until June 4, 2026.

XPeng Inc. is calling an annual general meeting on June 26, 2026 in Guangzhou. Shareholders of Class A and Class B ordinary shares as of May 14, 2026 can vote, while ADS holders vote via instructions to Citibank.

Key items include re-electing three independent non-executive directors, re-appointing PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as auditors with estimated RMB13.2 million in 2026 audit fees, and authorizing the board to set director pay.

Shareholders are asked to grant a general mandate to issue up to 20% of issued shares and a repurchase mandate for up to 10% of shares and ADSs, plus an extension of the issuance mandate by repurchased shares. A special resolution would adopt a new memorandum and articles of association to align with Hong Kong’s core shareholder protection standards, allow technology-assisted general meetings, and update corporate governance provisions.

XPeng Inc. is calling an annual general meeting on June 26, 2026 in Guangzhou. Shareholders of Class A and Class B ordinary shares as of May 14, 2026 can vote, while ADS holders vote via instructions to Citibank.

Key items include re-electing three independent non-executive directors, re-appointing PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as auditors with estimated RMB13.2 million in 2026 audit fees, and authorizing the board to set director pay.

Shareholders are asked to grant a general mandate to issue up to 20% of issued shares and a repurchase mandate for up to 10% of shares and ADSs, plus an extension of the issuance mandate by repurchased shares. A special resolution would adopt a new memorandum and articles of association to align with Hong Kong’s core shareholder protection standards, allow technology-assisted general meetings, and update corporate governance provisions.

XPeng Inc. reported that it delivered 31,011 vehicles in April 2026, a 13% increase from the prior month. The company links this growth partly to the March rollout of its VLA 2.0 intelligent driving system, which raised test-drive satisfaction at its retail stores.

XPeng also noted that the average time customers take to make a purchase decision after a test drive fell by 44.7% month-over-month, highlighting intelligent driving as a key driver of sales. In April, the company unveiled the XPENG GX, its first full-sized flagship SUV, and celebrated the first locally produced P7+ at Magna’s plant in Graz, Austria, expanding its European manufacturing footprint.

XPeng Inc. reported that it delivered 31,011 vehicles in April 2026, a 13% increase from the prior month. The company links this growth partly to the March rollout of its VLA 2.0 intelligent driving system, which raised test-drive satisfaction at its retail stores.

XPeng also noted that the average time customers take to make a purchase decision after a test drive fell by 44.7% month-over-month, highlighting intelligent driving as a key driver of sales. In April, the company unveiled the XPENG GX, its first full-sized flagship SUV, and celebrated the first locally produced P7+ at Magna’s plant in Graz, Austria, expanding its European manufacturing footprint.

XPeng Inc. has proposed amendments to its ninth amended and restated memorandum and articles of association and plans to adopt a tenth amended and restated version. The changes aim to align with Hong Kong Listing Rules, including Core Shareholder Protection Standards for virtual general meetings and electronic voting, and the Corporate Governance Code on nomination committee terms of reference, as well as other housekeeping updates.

The amendments and adoption of the new memorandum and articles will be put to shareholders for approval by special resolution at the forthcoming annual general meeting, with a proxy statement/circular and AGM notice to be sent to shareholders.

XPeng Inc. has proposed amendments to its ninth amended and restated memorandum and articles of association and plans to adopt a tenth amended and restated version. The changes aim to align with Hong Kong Listing Rules, including Core Shareholder Protection Standards for virtual general meetings and electronic voting, and the Corporate Governance Code on nomination committee terms of reference, as well as other housekeeping updates.

The amendments and adoption of the new memorandum and articles will be put to shareholders for approval by special resolution at the forthcoming annual general meeting, with a proxy statement/circular and AGM notice to be sent to shareholders.

XPeng Inc. granted 2,256,962 restricted share units (RSUs), equal to the same number of new Class A ordinary shares, to 69 employees under its 2025 Share Incentive Scheme. These shares represent about 0.12% of total issued shares both before and after the grant.

The RSUs are granted at nil purchase price and vest mainly between 2026 and 2030 based on continued service, with several detailed vesting schedules. Vesting is not tied to performance targets, but the plan includes clawback mechanisms for misconduct, confidentiality or non-compete breaches, reputational harm, or issues with performance-linked awards.

The Hong Kong Stock Exchange has approved listing of shares issuable under the scheme, and XPeng states that no financial assistance was provided to grantees to acquire shares. After this grant, 153,106,913 Class A ordinary shares remain available for future awards under the main scheme limit and 9,531,047 under the service provider sublimit.

XPeng Inc. granted 2,256,962 restricted share units (RSUs), equal to the same number of new Class A ordinary shares, to 69 employees under its 2025 Share Incentive Scheme. These shares represent about 0.12% of total issued shares both before and after the grant.

The RSUs are granted at nil purchase price and vest mainly between 2026 and 2030 based on continued service, with several detailed vesting schedules. Vesting is not tied to performance targets, but the plan includes clawback mechanisms for misconduct, confidentiality or non-compete breaches, reputational harm, or issues with performance-linked awards.

The Hong Kong Stock Exchange has approved listing of shares issuable under the scheme, and XPeng states that no financial assistance was provided to grantees to acquire shares. After this grant, 153,106,913 Class A ordinary shares remain available for future awards under the main scheme limit and 9,531,047 under the service provider sublimit.

XPeng Inc., a China-based smart electric vehicle maker, files its annual report detailing rapid growth, ongoing losses and extensive China-related risks. Revenue rose from RMB30,676.1 million in 2023 to RMB40,866.3 million in 2024 and further to RMB76,719.7 million in 2025, as vehicle deliveries climbed to 429,445 units. Net losses narrowed from RMB10,375.8 million in 2023 to RMB1,139.5 million in 2025, but the company remains loss-making and capital intensive.

The report highlights XPeng’s dependence on operations in China, variable interest entity (VIE) structures for restricted businesses, heavy R&D spending on ADAS and smart systems, exposure to semiconductor shortages, and reliance on EV subsidies and favorable policies. It also discusses HFCA Act audit risks, restrictions on fund transfers from PRC subsidiaries, the need for continued external financing, and execution risks around new plants in Guangzhou and Wuhan and strategic collaborations with DiDi and Volkswagen.

XPeng Inc., a China-based smart electric vehicle maker, files its annual report detailing rapid growth, ongoing losses and extensive China-related risks. Revenue rose from RMB30,676.1 million in 2023 to RMB40,866.3 million in 2024 and further to RMB76,719.7 million in 2025, as vehicle deliveries climbed to 429,445 units. Net losses narrowed from RMB10,375.8 million in 2023 to RMB1,139.5 million in 2025, but the company remains loss-making and capital intensive.

The report highlights XPeng’s dependence on operations in China, variable interest entity (VIE) structures for restricted businesses, heavy R&D spending on ADAS and smart systems, exposure to semiconductor shortages, and reliance on EV subsidies and favorable policies. It also discusses HFCA Act audit risks, restrictions on fund transfers from PRC subsidiaries, the need for continued external financing, and execution risks around new plants in Guangzhou and Wuhan and strategic collaborations with DiDi and Volkswagen.

XPENG INC. President Wang Fengying exercised restricted share units to acquire 600,000 Class A ordinary shares on April 1, 2026, increasing her direct holdings to 1,650,000 shares. These shares were issued at a nil purchase price upon vesting under the company's 2019 Equity Incentive Plan.

The award originally covered 2,400,000 RSUs granted on March 24, 2023 and vests in four equal annual installments of 600,000 units each, starting April 1, 2023. Following the April 1, 2026 vesting, 600,000 RSUs from this grant remain scheduled to vest on April 1, 2027, subject to continued service and individual performance targets.

XPENG INC. President Wang Fengying exercised restricted share units to acquire 600,000 Class A ordinary shares on April 1, 2026, increasing her direct holdings to 1,650,000 shares. These shares were issued at a nil purchase price upon vesting under the company's 2019 Equity Incentive Plan.

The award originally covered 2,400,000 RSUs granted on March 24, 2023 and vests in four equal annual installments of 600,000 units each, starting April 1, 2023. Following the April 1, 2026 vesting, 600,000 RSUs from this grant remain scheduled to vest on April 1, 2027, subject to continued service and individual performance targets.

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.

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.

XPeng Inc. reported strong growth for the fourth quarter and full year 2025, moving into profitability in Q4 while sharply narrowing annual losses. Q4 revenue reached RMB22.25 billion, up 38.2% year over year, with vehicle sales of RMB19.07 billion and total deliveries of 116,249 units.

Q4 gross margin improved to 21.3% and vehicle margin to 13.0%, driving a net profit of RMB0.38 billion versus losses in 2024 and the prior quarter. Non-GAAP net profit was RMB0.51 billion. For 2025, XPeng delivered 429,445 vehicles, a 125.9% increase, and lifted revenue to RMB76.72 billion, up 87.7%.

Full-year gross margin rose to 18.9% from 14.3%, while net loss narrowed to RMB1.14 billion from RMB5.79 billion, and non-GAAP net loss to RMB0.46 billion. The company continued heavy investment, with R&D at RMB9.49 billion and SG&A at RMB9.40 billion. Year-end cash and equivalents plus deposits totaled a cash position of RMB47.66 billion, and gearing ratio was 41.8%.

XPeng Inc. reported strong growth for the fourth quarter and full year 2025, moving into profitability in Q4 while sharply narrowing annual losses. Q4 revenue reached RMB22.25 billion, up 38.2% year over year, with vehicle sales of RMB19.07 billion and total deliveries of 116,249 units.

Q4 gross margin improved to 21.3% and vehicle margin to 13.0%, driving a net profit of RMB0.38 billion versus losses in 2024 and the prior quarter. Non-GAAP net profit was RMB0.51 billion. For 2025, XPeng delivered 429,445 vehicles, a 125.9% increase, and lifted revenue to RMB76.72 billion, up 87.7%.

Full-year gross margin rose to 18.9% from 14.3%, while net loss narrowed to RMB1.14 billion from RMB5.79 billion, and non-GAAP net loss to RMB0.46 billion. The company continued heavy investment, with R&D at RMB9.49 billion and SG&A at RMB9.40 billion. Year-end cash and equivalents plus deposits totaled a cash position of RMB47.66 billion, and gearing ratio was 41.8%.

XPENG INC. director Yang Donghao filed an initial ownership report showing both direct shares and equity awards. He holds 9,072 Class A ordinary shares directly and has 27,216 Restricted Share Units (RSUs) granted under the 2019 Equity Incentive Plan, with a nil purchase price upon vesting.

According to the grant terms, the RSUs vest in three equal annual installments starting on July 12, 2024. One-third, or 9,072 RSUs, vested on July 12, 2025, and the remaining 18,144 RSUs are scheduled to vest in two equal annual installments on July 12, 2026 and July 12, 2027, subject to his continued service.

XPENG INC. director Yang Donghao filed an initial ownership report showing both direct shares and equity awards. He holds 9,072 Class A ordinary shares directly and has 27,216 Restricted Share Units (RSUs) granted under the 2019 Equity Incentive Plan, with a nil purchase price upon vesting.

According to the grant terms, the RSUs vest in three equal annual installments starting on July 12, 2024. One-third, or 9,072 RSUs, vested on July 12, 2025, and the remaining 18,144 RSUs are scheduled to vest in two equal annual installments on July 12, 2026 and July 12, 2027, subject to his continued service.