The robotics biz raised over $900mn in its first round at a post-money valuation above $6.2bn, and is slated to enter volume production by year-end. However, the core auto unit's per-vehicle GPM remains just 12.1%, and quarterly net loss widened to RMB 1.34bn. For Q4, the company targets 60k+ monthly deliveries, with overseas quarterly deliveries aiming for 40k.

$XPeng(XPEV.US) released its Q2 2026 results on Aug 24 (Beijing time), after HK close and before the US pre-market. Overall performance was lukewarm, and its Q3 guidance significantly missed Street expectations. Specifically:

1) Total revenue came in slightly below consensus: Q2 revenue reached RMB 19.7bn vs. the market’s RMB 19.9bn, mainly dragged by vehicle sales.

That said, 'services and other revenue' was a bright spot at RMB 2.7bn...

Q2 overall GPM is expected to be roughly flat vs. Q1. Approx. 20.6%.

New-vehicle Cycle: Early Inflection

2026 overseas delivery target to double YoY.

Q4 core auto biz: revenue up, no profit improvement.

Achieving annual sales of one million humanoid robots by 2030 is our long-term goal.

The ‘chilly’ car sales business meets the ‘hot’ AI expectations

I. Current Performance: Currently, $XPeng(XPEV.US) has announced the new P7 model. Within 7 minutes of its launch, the large order volume exceeded 10,000 units, which is comparable to the G7's performance of exceeding 10,000 units within 9 minutes of its launch. Continuous tracking of subsequent large order volumes is still required. II. Information on the new XPeng P7 launch event (1) Product positioning and pricing Product positioning: A new generation of pure electric luxury sports sedan, adhering to the concept of "Disrupting Imagination, Returning to the Future," aiming to create the "fastest pure electric sports sedan under 500,000 RMB" and the "King of Curves"...

The goal remains to achieve profitability in the fourth quarter and attain overall profitability in the high-teens.