Key Points – XPeng expects a strong Q2 rebound, guiding for deliveries of 100,000 to 106,000 vehicles and revenue of RMB 19.6 billion to RMB 20.8 billion after a weak first quarter.
First-quarter revenue fell 17.6% year over year, and the company posted a net loss of RMB 1.78 billion. – The company is broadening beyond EVs into “physical AI”, with CEO He Xiaopeng saying XPeng is transforming from a smart EV maker into a physical AI company
Management highlighted plans for Robotaxis and humanoid robots, including pilot Robotaxi operations in Guangzhou and mass production of the IRON humanoid robot by year-end. – International expansion and new models are becoming key growth drivers, with overseas deliveries topping 6,000 units in April and international revenue expected to exceed 20% of total revenue starting in Q2. XPeng also highlighted the GX SUV launch and said its new models and localized production in Europe and Southeast Asia should support higher margins and volume growth. – Smart Money Is Buying Auto Suppliers, Not Car Brands XPENG (NYSE:XPEV) said it expects a sharp rebound in second-quarter deliveries after a weaker first quarter, while management outlined a broader push to position the company around “physical AI” applications including advanced driver assistance, Robotaxis and humanoid robots. Co-founder, Chairman and CEO He Xiaopeng said on the company’s first-quarter 2026 earnings call that XPeng formally changed its official Chinese name from XPeng Motors to XPeng Group, reflecting what he described as a transformation “from a smart EV company to a physical AI company.” He said the company’s smart EV business is expected to remain the foundation for growth, profitability and cash flow, while new AI-driven businesses could become additional revenue sources. – Act Fast: These 3 Undervalued Stocks Won’t Stay Low for Long “Physical AI applications represent one of the most significant global strategic opportunities of the next decade,” He said through a…