The Xpeng G9L, which is scheduled to launch and begin deliveries in China in September 2026. Credit: Xpeng
- Xpeng has begun double-shift production of the Mona L03 SUV and is working with suppliers to accelerate the capacity ramp-up.
- Overseas deliveries of the Mona L03 will begin in the fourth quarter, helping lift Xpeng’s quarterly overseas sales above 40,000 units.
Xpeng (NYSE: XPEV) will accelerate new model launches as it seeks to lift monthly sales above 60,000 units in the fourth quarter.
The EV maker’s chairman and CEO He Xiaopeng said during an earnings call on Monday that the large 5-seat flagship G9L SUV (sport utility vehicle) will officially launch and begin deliveries in China in September.
The Mona lineup’s L05 SUV will launch in China in the fourth quarter. Together with the previously introduced GX and Mona L03, the new model will give Xpeng coverage across the major SUV segments.
Mr He said these models will drive a significant increase in Xpeng’s sales in the fourth quarter, with the company targeting monthly sales of more than 60,000 units.
Achieving that target would represent an increase of about 58% from Xpeng’s July deliveries of 38,027 units.
Xpeng Monthly Deliveries 2024-2026
Month
2024
2025
2026
January
8,250
30,350
20,011
February
4,545
30,453
15,256
March
9,026
33,205
27,415
April
9,393
35,045
31,011
May
10,146
33,525
32,158
June
10,668
34,611
40,126
July
11,145
36,717
38,027
August
14,036
37,709
September
21,352
41,581
October
23,917
42,013
November
30,895
36,728
December
36,695
37,508
Xpeng monthly deliveries
2024
2025
2026
The company has guided for third-quarter deliveries of 115,000 to 121,000 units, implying average monthly deliveries of about 38,487 to 41,487 units in August and September.
Xpeng delivered 103,295 vehicles in the second quarter, up 64.8% from the previous quarter. Mr He said new locked-in orders rose more than 50% sequentially in the third quarter, reaching a record high.
However, extreme weather and supply-chain issues affected the production ramp-up of new models and slowed deliveries.
Xpeng has begun double-shift production of the Mona L03 SUV and is working with suppliers to accelerate the capacity ramp-up. Mr He expects deliveries of the model to increase significantly in the coming months.
The G9L began pre-sales in China on August 11 at a starting price of 259,800 yuan ($38,300). The large 5-seat SUV is available in battery electric vehicle (BEV) and extended-range electric vehicle (EREV) versions.
All 6 variants use an 800-volt ultra-fast-charging platform. The EREV version has a CLTC combined range of 1,602 kilometers, while the BEV version offers a range of up to 755 kilometers.
The G9L will compete with models including Li Auto’s (NASDAQ: LI) Li L7 and the Huawei-backed Aito M7. It will form Xpeng’s dual-flagship lineup with the 6-seat GX SUV.
The Mona L05 is a mid-size SUV that will also be offered in BEV and EREV versions. It measures 4,870 millimeters in length and has a 2,940-millimeter wheelbase, and is positioned above the already-launched Mona L03, according to its regulatory filing.
Overseas markets will also be an important source of Xpeng’s sales growth in the fourth quarter. Mr He expects overseas deliveries of the Mona L03 to begin in the fourth quarter, helping lift the company’s quarterly overseas sales above 40,000 units.
Xpeng Monthly Exports 2024-2026
Month
2024
2025
2026
January
398
2,010
3,204
February
708
2,502
3,648
March
911
3,103
4,705
April
1,012
3,702
6,006
May
1,578
3,605
6,503
June
1,840
3,779
7,533
July
1,858
3,000
9,700
August
2,500
3,018
September
2,790
5,004
October
3,600
4,999
November
3,602
5,057
December
2,610
5,235
Xpeng monthly exports
2024
2025
2026
Xpeng’s overseas sales exceeded 20,000 units for the first time in the second quarter, up 81% year-on-year. Its overseas business contributed more than 25% of revenue in the first half.
Mr He said Xpeng vehicles sold overseas had an average selling price of more than 40,000 euros ($46,640). The company also plans to launch multiple EREV models in overseas markets in 2027.
In assisted driving, Xpeng will begin rolling out the first major upgrade to its second-generation Vision-Language-Action (VLA) model in late August.
The on-device model in version 6.3.0 will have 3.5 times as many parameters as before, while perception sensitivity will increase by 300%. The update will also add longer-horizon reasoning and predictive capabilities.
Xpeng also plans to integrate VLA with a Vision-Language Model (VLM) in the new version, bringing some robotaxi features to mass-produced vehicles.
The company aims to obtain regulatory approval in Europe in the first half of 2027 and begin rolling out the second-generation VLA to users in more overseas markets.
Xpeng’s second-quarter revenue reached 19.74 billion yuan, while its gross margin rose to 20.7%.
($1 = 6.7841 yuan, $1 = 0.8576 euros)
