XPeng's leadership presented a comprehensive overview of the company's performance for the second quarter of 2026, emphasizing significant advancements in both its core automotive business and the burgeoning humanoid robotics division. The financial results highlight a period of robust expansion, particularly driven by increased vehicle sales and strategic diversification into new technological frontiers.
The company announced an impressive 65% quarter-over-quarter surge in vehicle deliveries, reaching 103,295 units, which contributed to a total revenue of RMB 19.74 billion—an 8% increase year-over-year. This growth was complemented by a remarkable 93.9% year-over-year rise in services and other revenue, largely attributed to technical R&D milestones achieved with the Volkswagen Group. Notably, XPeng has made a strategic move into physical AI with its IRON humanoid robot, successfully raising over $900 million in initial financing at a post-money valuation of $6.2 billion. This funding is set to accelerate the mass production and commercial deployment of the IRON robot, which benefits from XPeng's established automotive manufacturing capabilities and proprietary AI technologies, including Turing AI chips and advanced foundation models. The company anticipates scaled production of IRON robots by the end of 2026, with an expected monthly capacity of several thousand units in 2027, targeting both internal use and external customers in retail and service sectors globally. XPeng also detailed its cutting-edge VLA 2.0 autonomous driving model, which demonstrated high performance in European road tests with minimal local training data, positioning the company for global ADAS deployment and exploring new software-based business models like Robotaxi services.
Looking ahead, XPeng projects continued growth for the third quarter of 2026, with anticipated deliveries ranging from 115,000 to 121,000 units and revenues between RMB 21.7 billion and RMB 23.4 billion. The company expects to launch four new SUV models, including the G9L and MONA L05, aiming for monthly deliveries exceeding 60,000 units by the fourth quarter. International markets are becoming a significant growth engine, with overseas deliveries surpassing 20,000 units in Q2 and contributing over 25% to total revenues in the first half of the year. The MONA L03 model is poised to lead international sales, with overseas deliveries starting in Q4. Furthermore, XPeng plans to seek regulatory approval for VLA 2.0 in Europe by mid-2027, solidifying its competitive advantage in global markets. The company's unique approach to robotics, focusing on commercial applications like sales and tour guides, leverages its comprehensive in-house R&D and supply chain synergies with its automotive division. This dual-pronged strategy, combining innovative vehicle technology with groundbreaking robotics, underscores XPeng's commitment to leading the future of smart mobility and artificial intelligence.
XPeng's ambitious trajectory in both electric vehicles and humanoid robotics reflects a forward-thinking vision that prioritizes technological innovation and strategic market expansion. By continually pushing the boundaries of AI and manufacturing, the company not only aims to deliver superior products but also to cultivate a dynamic ecosystem that fosters progress and creates enduring value for its customers and shareholders alik
