XPENG published its results for the second quarter of 2026 on 24 August. The figures first: 103,295 cars delivered, revenue of RMB 19.74 billion and a gross margin of 20.7%, up 3.4 percentage points on a year earlier. Cash reserves reached RMB 40.48 billion. XPENG's own outlook for the third quarter is 115,000 to 121,000 deliveries and revenue of RMB 21.7 to 23.4 billion.
What concerns Europe
The part that matters to a European reader was said on the earnings call the same day, as reported by CnEVPost. He Xiaopeng expects L03 deliveries outside China to begin in the fourth quarter and to lift sales outside China above 40,000 cars a quarter. In Denmark the L03 can be ordered now with deliveries from September or October; the XPENG L03 page has the details.
The second date concerns driver assistance. XPENG is aiming for EU approval in the first half of 2027, so that the second generation of VLA can roll out to more markets outside China. Which chips the European cars run today, and what separates the markets, is set out in the driver-assistance hardware and software guide.
The third is the L05, which launches in China in the fourth quarter of 2026. No European date has been set, and the XPENG L05 page tracks it. The G9L comes first, with its launch and first deliveries in China in September, while the European version has a page of its own. Together the models are meant to take XPENG past 60,000 cars a month in the fourth quarter, according to He Xiaopeng.
Images: XPENG
Sources