XPeng posts record deliveries but net loss nearly triples

XPeng reported Q2 2026 revenue of RMB19.74 billion ($2.91 billion), up 8% year over year and 51.5% sequentially, on record deliveries of 103,295 vehicles with gross margin holding at 20.7%. Net loss nearly tripled year over year to RMB1.34 billion on heavy AI, robotics and flying-car investment, though overseas deliveries topped 20,000 for the first time; XPeng guided Q3 2026 deliveries of 115,000 to 121,000 units.