XPENG Reports First Quarter 2026 Unaudited Financial Results

<ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Cash position</i><i xmlns="http://www.w3.org/1999/xhtml"><sup xmlns="http://www.w3.org/1999/xhtml">[i]</sup></i><i xmlns="http://www.w3.org/1999/xhtml"> was RMB42.09 billion (US$6.10 billion) as of March 31, 2026</i></li> <li xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Quarterly total revenues were RMB13.03 billion, a 17.6% decrease year-over-year</i></li> <li xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Quarterly gross margin was 20.6%, an increase of 5.0 percentage points over the same period of 2025</i></li> <li xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Quarterly vehicle margin was 12.1%, an increase of 1.6 percentage points over the same period of 2025</i></li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">GUANGZHOU, China</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">May 28, 2026</span> /PRNewswire/ -- XPeng Inc. (&#34, <b xmlns="http://www.w3.org/1999/xhtml">XPENG</b>&#34, or the &#34, <b xmlns="http://www.w3.org/1999/xhtml">Company</b>, &#34, ("<b xmlns="http://www.w3.org/1999/xhtml">XPENG</b>" or the "<b xmlns="http://www.w3.org/1999/xhtml">Company</b>,"