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XPeng reports Q1 2026 revenue drop 17.6%, net loss widens to RMB1.78B amid lower vehicle deliveries

Company Fundamentals
28 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

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 product mix. The company posted a net loss of RMB1.78 billion, wider than the previous year, reflecting increased R&D spending and lower sales volumes. XPeng plans to launch four new models in 2026 and aims to boost deliveries and revenues in Q2, expecting up to 106,000 vehicle deliveries and revenue growth of up to 13.8%.

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