XPeng reports Q1 2026 revenue drop 17.6%, net loss widens to RMB1.78B amid lower vehicle deliveries
XPeng Inc. announced a 17.6% year-over-year revenue decline to RMB13.03 billion in Q1 2026, driven by a 33.3% drop in vehicle deliveries to 62,682 units. Despite revenue challenges, gross margin improved to 20.6%, supported by cost reductions and pro...
