XPENG Reports Q1 2026 Results: Gross Margin Sustains High Level of 20.6%, Accelerating Physical AI Mass Production, Commercialization and Globalization

First-quarter revenue totaled RMB 13.03 billion. Quarterly gross margin reached 20.6%. Overseas deliveries surpassed 6,000 units for the first time in April, targeting sustained monthly overseas deliveries above 10,000 units in Q4. The Ultra trim took over 80% of early GX orders, becoming one of the most popular choices in the premium segment market in China. In April, ADAS mileage penetration on VLA 2.0-equipped XPENG vehicles surpassed 50% for the first time. VLA 2.0 is currently under testing in Europe. GUANGZHOU, China , May 28, 2026 /PRNewswire/ -- XPENG, a leading Chinese AI-driven technology company, today announced its financial results for the first quarter of 2026. Accelerating Physical AI Commercialization: VLA 2.0, Robotaxi and Humanoid Robotics in Full Swing During the earnings call, He Xiaopeng, Chariman & CEO, detailed the company's ongoing transformation from an automotive manufacturer into a global leader in physical AI world. VLA 2.0: VLA 2.0, which saw its ADAS mileage penetration rate on XPENG vehicles exceed 50% for the first time in April, is now being tested in Europe. Robotaxi: XPENG GX fleet is already conducting L4 public-road testing in Guangzhou ahead of Robotaxi pilot operations in Q3. The GX's L4 full-redundancy ... Full story available on Benzinga.com