On Monday, shares of XPeng Inc. (XPEV.US) rose more than 5% in pre-market trading to $21.06. The increase follows reports that XPeng set its full-year 2026 delivery target at 550,000 to 600,000 vehicles during an internal strategy meeting. Compared to the company's 2025 delivery figure of 429,400 vehicles, this represents a projected growth of approximately 28.1% to 39.7%, implying an average monthly delivery volume of 45,800 to 50,000 vehicles is required. According to sources, XPeng plans to launch four new SUV models this year: the XPeng G01, XPeng G02, and the D02 and D03 from the Mona series. In 2025, XPeng's overseas deliveries reached 45,008 units, a significant 96% increase year-over-year. He Xiaopeng, the company's CEO, recently stated that XPeng executed its 2025 annual plan exceptionally well. He expressed confidence that 2026 will remain a year of rapid growth for XPeng and believes the growth rate in overseas markets will outpace that of the domestic market. "I expect that in the next three, five, and ten years, XPeng's sales volume, cooperation, and empowerment in overseas markets will reach a 1:1 ratio with the Chinese market, or even higher," he said. Separately, according to informed sources, XPeng has hired banks to assist with an initial public offering (IPO) in Hong Kong for its flying car unit. The sources indicate that XPeng has selected J.P. Morgan and Morgan Stanley to prepare for the listing. As the information is confidential, the sources requested anonymity. They also added that XPeng has confidentially submitted a listing application, with the process potentially completed as early as this year.
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