Key Highlights

  • XPeng shares are trading up 7.36% at $9.71, against a previous close of $9.04.
  • October deliveries hit a record 50,237 vehicles, up 22% month over month and 20% year over year.
  • Overseas deliveries reached a record 13,326 units, up 166% year over year.
  • XPeng received a Level 4 Robotaxi demonstration operation license in Guangzhou on Oct. 26.
  • The company reports third-quarter results on Nov. 16, before the open of U.S. markets.

XPeng (NYSE:XPEV) shares are rallying after the company reported record October deliveries of 50,237 vehicles, up 20% year over year and 22% month over month. Overseas deliveries also hit a record. The Guangzhou-based automaker has repositioned itself from a smart EV maker into a physical AI company.

Record Deliveries and a Robotaxi License

Overseas deliveries reached 13,326 units, up 166% year over year. The company began L05 deliveries in the Chinese mainland on Nov. 1 after launching the model in October.

On Oct. 26, XPeng obtained a demonstration operation license to conduct Level 4 Robotaxi services in Guangzhou. The approval moves its Robotaxi from technology validation to real-world operational and business-model validation.

Peers Report Declines as Shares Bounce From a Low

NIO (NYSE:NIO) and Li Auto (NASDAQ:LI) reported declines, which highlights XPeng's relative strength. Shares are up about 7% near $9.71, off the 52-week low of $8.94, and the broader consumer discretionary sector is also higher.

Physical AI Strategy and Business Profile

XPeng designs, develops, manufactures and sells smart electric vehicles, including the Mona M03, P7+, G6, G9 and X9. It is also expanding into robotaxis, humanoid robots and flying cars, built on in-house Turing AI chips, foundation models and its XNGP/VLA driver-assistance software.

The company delivered 429,445 vehicles in 2025 and now sells in over 60 countries. Revenue was RMB 76.7 billion in 2025, and it posted its first quarterly net profit in the fourth quarter of 2025.

Profitability Concerns and Analyst Targets

Profitability remains a concern, as the second-quarter net loss widened. JPMorgan cut its target to $10 with a neutral rating, while Goldman Sachs has a $16 target. The stock is still down roughly 55% year to date, with a market Capitalization of about $9.22 billion, trailing EPS of negative $0.48 and a 52-week range of $8.94 to $28.24.

Third-Quarter Results on Nov. 16 as the Next Marker

Investors will watch the Nov. 16 third-quarter report for loss trends, delivery momentum from the L05 launch, overseas growth and progress on Robotaxi commercialization.