Chinese electric vehicle manufacturer Xpeng reported deliveries of 27,415 vehicles in March, marking a 79.70% increase from February, according to data released on Wednesday.
Despite the monthly rebound, deliveries declined 17.44% compared with the same period a year earlier, extending the company’s streak of year-on-year declines to three consecutive months.
In the first quarter, Xpeng delivered a total of 62,682 vehicles, down 33.32% year-on-year and 46.08% lower than the fourth quarter of 2025. The result was within the company’s previously issued guidance range of 61,000 to 66,000 vehicles.
To support demand, Xpeng plans to launch an updated version of its Mona M03 sedan on April 2. The current model starts at 119,800 yuan ($17,430), targeting the entry-level electric vehicle segment.
The updated Mona M03 will introduce enhanced computing capabilities, including Xpeng’s self-developed Turing AI chip, aimed at improving intelligent driving functions. The company said integrating proprietary hardware and software is expected to support higher margins on its core models while expanding adoption of its in-house technology.
Xpeng reported its first quarterly net profit in the fourth quarter of 2025, reflecting improvements in cost structure and product mix. The company added that cumulative shipments of its Turing AI chips have exceeded 200,000 units, with full-year shipments projected to reach around one million units.
Looking ahead, Xpeng plans to launch four new models equipped with advanced smart driving features this year, including its flagship six-seater SUV GX, which is scheduled to go on sale in the second quarter.
The automaker is also accelerating its overseas expansion, including its recent entry into the Mexican market as part of a three-year strategic plan for Latin America.
Beyond automotive operations, Xpeng is advancing into robotics, with its next-generation humanoid “Iron” robot targeted for mass production and delivery by the end of 2026.
