XPeng Forecasts Nearly 30% YoY Drop in Q1 Deliveries

XPeng Inc. released its fourth-quarter 2025 financial results, reporting revenue of RMB 22.25 billion, an increase of 38.2% year-over-year, and Non-GAAP net profit of approximately RMB 510 million. Despite the strong quarterly performance, the company forecasts vehicle deliveries for the first quarter of 2026 to be between 61,000 and 66,000 units, representing a year-over-year decline of 29.8% to 35.1%. This expected drop is primarily attributed to seasonal factors and market conditions. XPeng is accelerating the launch of new models to boost sales in the coming periods.