Prime Highlight
- Xpeng has set an ambitious goal to sell up to 600,000 vehicles in 2026, signaling strong confidence in its growth and recovery in China’s competitive EV market.
- The company is shifting beyond cars toward “physical AI,” combining electric vehicles with robotics, AI, and self-driving technology to create new growth engines.
Key Facts
- Xpeng delivered 429,445 vehicles last year, nearly doubling its 2024 sales and implying potential growth of up to 40% under its 2026 target.
- The company plans to begin robotaxi street trials and ramp up humanoid robot production, supported by its strategic partnership with Volkswagen.
Background
Chinese electric vehicle maker Xpeng has set a target to sell up to 600,000 vehicles in 2026, showing strong confidence in its growth plans. The company delivered 429,445 vehicles last year, almost double its 2024 total, and now wants to increase sales by as much as 40%.
The new target was shared during an internal company meeting, where leaders said Xpeng aims to win back market share in China’s crowded electric car market.
But Xpeng is no longer focusing only on cars. The company is shifting toward what it calls “physical AI.” This means it plans to combine electric vehicles with artificial intelligence, robotics, and self-driving technology.
As part of this move, Xpeng will start street trials of robotaxis and increase production of humanoid robots. The company believes this strategy will help it stand out from rivals and open new business areas beyond car sales.
Support from Volkswagen has given Xpeng more financial stability and access to advanced technology. This partnership has helped the company become one of the top electric vehicle makers in China.
However, the plan carries risks. The global auto industry still faces supply chain problems, including shortages of key chips. At the same time, competition in China remains tough, with many brands fighting for buyers.
Xpeng’s stock has gone up and down in recent months. Investors stay cautious about electric vehicle companies because of economic pressure and strict rules in China.
Despite these challenges, Xpeng believes higher car sales and new AI-driven products will support long-term growth. By expanding into robotics and self-driving technology, the company aims to be seen not only as a carmaker but as a leader in future mobility technology.