XPeng Inc. (NYSE:XPEV) stock declined on Monday after the company reported weak deliveries in January 2026.
The Chinese EV maker said it delivered 20,011 vehicles in January, a 34% year-over-year (Y/Y) decline.
The XPENG P7+ was launched simultaneously across 36 countries, and made its European launch at the 2026 Brussels Motor Show in January.
As of December 31, 2025, the company has expanded its global presence to 60 countries and regions.
Its overseas sales network now encompasses 380 physical stores, representing year-over-year growth of more than 150%, while its worldwide sales and service network has grown to over 1,000 outlets.
Rival EV Makers Show Diverging Delivery Trends
Rival Nio Inc. (NYSE:NIO) posted a 96.1% year-over-year surge in January deliveries, underscoring strong demand.
Li Auto Inc. (NASDAQ:LI), by contrast, delivered 27,668 vehicles, down from 29,927 a year earlier, highlighting a widening performance gap among China's EV leaders.
Recent Earnings
In November 2025, Xpeng reported third-quarter revenue of 20.38 billion Chinese yuan ($2.86 billion), a 101.8% Y/Y jump that landed just shy of the $2.87 billion consensus forecast.
Adjusted net loss per ADS was 0.16 yuan versus the analyst consensus loss estimate of 0.47 yuan. In USD terms, the adjusted EPADS was a loss of 2 cents.
Price Action: In premarket trading Monday, XPeng shares fell 6.06% to $16.89, according to Benzinga Pro. Nio declined 1.70% to $4.62, while Li Auto slipped 0.48% to $16.55.
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