Chinese new energy vehicle manufacturer Xpeng Motors (XPEV) has recently become a focal point of market attention. The company released encouraging delivery data and launched pre-sales activities for new models. Driven by these positive developments, Xpeng’s American Depositary Shares (ADS) listed in the U.S. rose nearly 12% cumulatively by the end of this week’s trading.
On Wednesday this week, Xpeng Motors announced its latest monthly and quarterly delivery figures. The company, which focuses on pure electric and hybrid models, delivered a total of 40,126 vehicles in May, bringing its cumulative second-quarter deliveries to 103,295 units. Notably, the GX luxury SUV model, which was just launched in May, contributed 6,739 units to June’s delivery total.
Comparing historical data, May’s delivery figures this year significantly exceeded the 34,611 units delivered in the same period in 2025, and also surpassed the 32,158 units recorded in May 2026.
Alongside the growth in delivery data, Xpeng Motors launched and began pre-sales for the Mona 03 model this month, targeting key consumer segments and holding particular strategic significance in the Chinese market. However, it should be noted that the sharp rise in global gasoline prices—largely driven by the conflict between the United States and Iran—has to some extent stimulated sales of electric vehicles and even hybrid models, providing external tailwinds for Xpeng’s delivery growth.
According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 11, 2026, Yunqi Capital Ltd fully liquidated its entire stake in Xpeng Motors during the first quarter, totaling 212,600 shares. Based on the average unadjusted closing price during the period, the estimated transaction value was $3.95 million. As of the end of the first quarter, Yunqi Capital held no position in Xpeng Motors.
An institutional investor’s liquidation of a stock does not necessarily indicate issues with the company. Xpeng Motors is no longer a start-up electric vehicle company. In fact, the company achieved a milestone breakthrough in the fourth quarter—recording its first quarterly profit, with quarterly revenue growing 38% year-over-year and gross margin expanding to a record 21.3%, driven by cost control measures and a more favorable vehicle sales mix.
Looking at full-year performance, Xpeng’s deliveries surged 125% in 2025, reaching 429,445 units. This growth momentum has continued, with the company reporting an 80% increase in first-quarter deliveries this year.
A common misconception among investors is that Xpeng Motors focuses solely on the domestic market. In reality, the company has actively expanded its global footprint and now operates in 60 countries and regions, including the United Kingdom, Germany, France, Australia, and Thailand. Its next major target is the Latin American market; the company entered Mexico in March this year, launching the G6 and G9 SUV models.
Given its current growth trajectory, Xpeng Motors is increasingly demonstrating characteristics of one of China’s most formidable electric vehicle companies, with a clear strategic focus on autonomous driving, AI software, and intelligent vehicle ecosystems. Xpeng has established partnerships with multiple global major automakers and automotive suppliers. With the contribution from international market revenue expected to continue rising, Xpeng Motors has reduced its reliance on competition within China’s domestic market to a certain extent.
