Mar 1, 2026 at 2:52 PM UTC
Xpeng delivered 15,256 vehicles in February, marking a 49.90% year-on-year decline and a 23.76% month-on-month decrease. Xpeng plans to launch its second-generation VLA model on March 2 and roll out the updated version of its all-electric X9 MPV.
Xpeng (NYSE: XPEV, HKG: 9868) saw its February deliveries halved year-on-year, impacted by the Chinese Lunar New Year holiday and the tapering of national support policies.
The company delivered 15,256 vehicles in February, down 49.90% year-on-year and down 23.76% month-on-month, according to data released Sunday.
The Spring Festival holiday in mid-to-late February broadly impacted production and deliveries across China's auto industry. Local competitor Li Auto (NASDAQ: LI, HKG: 2015) also saw its deliveries affected during the same period, though it recorded a slight year-on-year increase.
The 2026 Spring Festival holiday was between February 15 and 23, whereas last year's holiday primarily occurred in January.
To counter domestic sales weakness, Xpeng is actively advancing its internationalization strategy. The company began global deliveries of its new P7+ model in February, with initial shipments destined for 18 countries.
The Guangzhou-based EV maker is also pinning hopes on upcoming technological innovations, planning an event on March 2 to officially launch its second-generation VLA (Vision-Language-Action) model.
On the same day, Xpeng will officially launch the 2026 pure-electric X9 MPV (multi-purpose vehicle). The new model, boasting a maximum range of 750 kilometers, aims to solidify its share in the premium family mobility market.
Xpeng's software capabilities in artificial intelligence are gaining recognition from global automotive leaders. CEO He Xiaopeng recently announced Volkswagen has become the first commercial customer for its second-generation VLA solution.
He has set ambitious long-term goals for the company's overseas operations, targeting annual overseas sales of 1 million vehicles by 2030 with over 70% of profits contributed from international markets.
Volkswagen's adoption of Xpeng's VLA 2.0 as its smart driving solution signifies the partnership's expansion into AI software capabilities.
Phate is the founder and main author of CnEVPost. He has been reporting since 2009, mainly on macroeconomics and capital markets. He started his career at China Daily and Reuters. Contact via: phate@cnevpost.com.
