Xpeng Inc. (NYSE: XPEV)

XPeng Inc. is a Chinese smart electric vehicle and new energy vehicle company that designs develops manufactures and markets smart EVs and NEVs primarily targeting middle class consumers in China while expanding into global mid to high end passenger vehicle segments. The company focuses on integrating software and hardware innovation to deliver differentiated mobility experiences through advanced driver assistance systems smart connectivity and core vehicle technologies. XPeng Inc. develops full stack advanced driver assistance software in house and has deployed such systems on mass produced vehicles including its XNGP platform which became available in cities without HD map coverage starting November 2023. The company’s principal executive offices are located in Guangzhou Guangdong Province China.

XPeng Inc. generates revenue primarily through the sale of smart electric vehicles and new energy vehicles including battery electric vehicles and extended range electric vehicles across sedan SUV and MPV models. The company also derives revenue from after sales services charging solutions and value added services such as insurance technology support and automotive loan referral programs. Revenue growth has been driven by increasing vehicle deliveries which rose from 141601 units in 2023 to 190068 units in 2024 and further to 429445 units in 2025 reflecting strong year on year growth. Total revenues increased from RMB30676.1 million in 2023 to RMB40866.3 million in 2024 and further to RMB76719.7 million in 2025 accompanied by improving gross profit margins from 1.5% in 2023 to 14.3% in 2024 and 18.9% in 2025.

The company does not report distinct operational segments in its business overview and financial disclosures.

XPeng Inc. positions itself as a leading Chinese smart EV and NEV company competing in the mid to high end global passenger vehicle segment against other electric vehicles including pure play EVs plug in hybrids and fuel cell vehicles as well as internal combustion engine vehicles from traditional OEMs. The company’s competitive advantages stem from its innovative product offerings localized for Chinese consumers its ability to deliver great to drive and great to be driven experiences robust software and hardware technologies scalable and efficient platforms and a strong smart EV and NEV team. XPeng Inc. emphasizes fast iteration of software and seamless integration with hardware to lead innovation in smart EV and NEV technologies.

XPeng Inc. serves a broad customer base primarily consisting of middle class consumers in China who are attracted by the company’s attractive design industry leading electrification and smart technologies interactive smart mobility experience and long driving range. The company has expanded its physical sales and service network to 721 stores covering 255 cities in China as of December 31 2025 including both directly operated and franchised stores while also engaging in online marketing to enhance brand recognition and customer acquisition. While specific customer names are not disclosed in the filing the company indicates its products appeal to individual consumers seeking advanced technology comfort and family oriented mobility solutions across its sedan SUV and MPV model lineup.