Financial Data and Key Metrics Changes - XPeng reported total revenues of RMB 20.38 billion for Q3 2025, a 101.8% increase year-over-year and an 11.5% increase quarter-over-quarter [21] - Vehicle sales revenues were RMB 18.05 billion, reflecting a 105.3% year-over-year increase and a 6.9% quarter-over-quarter increase [21] - Gross margin reached 20.1%, up from 15.3% in Q3 2024 and 17.3% in Q2 2025 [22] - Net loss decreased to RMB 0.38 billion from RMB 1.81 billion year-over-year and RMB 0.48 billion quarter-over-quarter [23] - Cash reserves totaled RMB 48.33 billion as of September 30, 2025 [24] Business Line Data and Key Metrics Changes - Vehicle deliveries totaled 116,007 units in Q3 2025, a 149% increase year-over-year [5] - The XPeng P7 became one of the top three BEV sedans, contributing to over 40,000 monthly deliveries starting in September [5] - Revenues from services and others were RMB 2.33 billion, a 78.1% year-over-year increase [21] Market Data and Key Metrics Changes - Monthly overseas deliveries exceeded 5,000 units for the first time in September 2025, a 79% year-over-year increase [11] - XPeng expanded its sales and service network to 52 countries and regions, with 56 new overseas stores opened in Q3 2025 [11] Company Strategy and Development Direction - XPeng aims to achieve break-even in Q4 2025 and is focused on physical AI R&D, targeting mass production of VLA 2.0 models, Robotaxi, and humanoid robots by 2026 [5][6] - The company plans to open-source its physical world model and collaborate with mobility platforms for Robotaxi services [7] - XPeng is launching the XPeng X9 Super Extended Range EV, which is expected to drive growth in the NEV market [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving significant sales growth opportunities through the introduction of new models and expansion into international markets [10][19] - The company anticipates total deliveries in Q4 2025 to reach between 125,000 and 132,000 units, reflecting a year-over-year growth of 36.6%-44.3% [19] - Management highlighted the importance of a collaborative ecosystem for scaling Robotaxi operations and humanoid robots [15][54] Other Important Information - XPeng's R&D expenses increased to RMB 2.43 billion, reflecting a 48.7% year-over-year increase [22] - The company plans to introduce three super extended range products in Q1 2026 to capture more of the EREV market [10] Q&A Session Summary Question: What are XPeng's long-term competitive advantages in physical AI? - Management emphasized the importance of full-stack technology capability and cross-domain integration as key competitive advantages in physical AI [26][28] Question: What is the expected revenue trend from collaboration with Volkswagen? - Revenue from technical collaboration is expected to remain comparable to Q3 levels in Q4, with significant ramp-up anticipated in 2026 as joint vehicle production begins [30][32] Question: Can you elaborate on the humanoid robot strategy and competitive advantages? - Management highlighted the unique human-like design and advanced integration of hardware and software as competitive advantages in the humanoid robot market [35][38] Question: What are the key milestones for humanoid robot commercialization by 2026? - Management outlined the challenges in mass production and the goal to achieve full capability integration by the end of 2026, with initial deployment in commercial scenarios [40][45] Question: What is the plan for Robotaxi services in 2026? - XPeng plans to launch three Robotaxi models in 2026, focusing on addressing current industry challenges and establishing a sustainable business model [47][49]

Core Viewpoint - The Hang Seng Index fell by 0.71% on November 17, with southbound capital totaling HKD 913.76 billion in trading volume, resulting in a net inflow of HKD 84.48 billion [1] Trading Activity Summary - Southbound trading included a total of HKD 351.89 billion from the Shenzhen Stock Connect and HKD 561.86 billion from the Shanghai Stock Connect, with net inflows of HKD 41.13 billion and HKD 43.35 billion respectively [1] - The most actively traded stock was Alibaba-W, with a total trading volume of HKD 101.70 billion, followed by the Tracker Fund of Hong Kong and SMIC, with trading volumes of HKD 39.03 billion and HKD 38.54 billion respectively [1][2] - The top net buying stocks included the Tracker Fund of Hong Kong with a net inflow of HKD 37.27 billion, Alibaba-W with HKD 20.71 billion, and Xiaomi Group-W with HKD 2.80 billion [1][2] Continuous Net Buying Stocks - Three stocks experienced continuous net buying for more than three days, with Xiaomi Group-W leading at 14 days, followed by Alibaba-W and Huahong Semiconductor at 3 days each [2] - The total net buying amounts during this period were HKD 98.07 billion for Xiaomi Group-W, HKD 57.02 billion for Alibaba-W, and HKD 1.81 billion for Huahong Semiconductor [2]

Core Viewpoint - Xiaopeng Motors reported strong financial performance for Q3 2025, with significant increases in key operational metrics such as delivery volume, revenue, and gross margin [1][3]. Group 1: Delivery and Sales Performance - In Q3, Xiaopeng Motors delivered approximately 116,000 vehicles, a year-on-year increase of 149.3% [1]. - The monthly delivery volume reached a new high of 42,013 vehicles in October [1]. Group 2: Revenue Growth - Automotive sales revenue for Q3 amounted to 18.05 billion yuan, representing a year-on-year increase of 105.3% and a quarter-on-quarter growth of 6.9% [3]. - Total revenue for the quarter was 20.38 billion yuan, up 101.8% year-on-year and 11.5% quarter-on-quarter [3]. Group 3: Profitability and Margins - Xiaopeng Motors reported a net loss of 380 million yuan in Q3, significantly reduced from 1.81 billion yuan in the same period last year [3]. - The gross margin improved to 20.1%, an increase of 4.8 percentage points year-on-year, with automotive gross margin at 13.1% [3]. Group 4: Research and Development Focus - The company is committed to investing in physical AI research, with planned R&D expenditures reaching approximately 9.5 billion yuan by 2025, including 4.5 billion yuan specifically for AI [5]. - Xiaopeng Motors has already invested over 2 billion yuan in training costs for VLA technology since 2024 [5]. Group 5: Financial Position and Future Outlook - As of September 30, Xiaopeng Motors had cash and cash equivalents totaling 48.33 billion yuan, a record high [6]. - For Q4, the company expects vehicle deliveries to range between 125,000 and 132,000, with total revenue projected between 21.5 billion and 23 billion yuan [6].

Group 1 - The core point of the article is the appointment of Chen Yudong as an independent non-executive director of XPeng Motors-W (09868.HK), effective from January 1, 2026 [1]

XPeng reports a third-quarter per-share loss of 1 cent from sales of $2.9 billion. ...

小鹏汽车-W(09868)发布公告，陈玉东先生已获委任为公司的独立非执行董事，自2026年1月1日生效。 ...

智通财经APP讯，小鹏汽车-W(09868)发布公告，陈玉东先生已获委任为公司的独立非执行董事，自 2026年1月1日生效。 ...

陳先生，64 歲，自 2024 年 4 月起擔任福然德股份有限公司（於上海證券交易所上市，股票代 號 605050.SH）的獨立董事。陳先生自 2012 年 3 月至 2024 年 5 月擔任無錫威孚高科技集團股 份有限公司（於深圳證券交易所上市，股票代號 000581.SZ）的董事。陳先生於 2008 年 5 月 至 2023 年 12 月先後擔任博世（中國）投資有限公司的執行副總裁及總裁。陳先生曾於 2007 年 2 月至 2008 年 5 月擔任博世集團汽油機系統事業部副總裁。於 1998 年 12 月至 2006 年 1 月 期間擔任德爾福汽車零部件集團大中華區總工程師、商务總監及事業部中國區總經理。 陳先生於 1982 年 7 月於重慶大學獲得電機系學士學位。陳先生于 1987 年 8 月至 1991 年 6 月 就讀於密歇根大學，並獲得機械製造專業碩士及博士學位。陳先生亦於 1998 年 5 月獲得密歇 根州立大學工商管理碩士學位。陳先生曾獲得上海市優秀企業家榮譽稱號、中國汽車產業紀 念改革開放 40 周年傑出人物等多項殊榮。 除上文所披露外，陳先生於過去三年概無在其證券於香港或任何海外證券市場上 ...

Core Viewpoint - XPeng, a Chinese electric vehicle manufacturer, has forecasted fourth-quarter revenue that falls below market estimates due to a prolonged price war and increasing competition in the automotive sector in China, the largest auto market in the world [1] Company Summary - XPeng's revenue forecast for the fourth quarter is lower than expected, indicating potential challenges ahead [1] - The company is facing significant pressure from ongoing price wars, which are impacting its financial outlook [1] - Intensifying competition within the electric vehicle market in China is contributing to the company's cautious revenue projections [1] Industry Summary - The electric vehicle market in China is experiencing a price war, which is affecting multiple manufacturers and altering market dynamics [1] - Competition in the automotive sector is intensifying, posing risks to revenue growth for companies like XPeng [1] - The overall outlook for the automotive market in China remains uncertain due to these competitive pressures [1]

Exhibit 99.1 XPENG Reports Third Quarter 2025 Unaudited Financial Results GUANGZHOU, China, November 17, 2025 — XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended September 30, 2025. Operational and Financial Highlights for the Three Months Ended September 30, 2025 | | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 | 2024Q2 | | --- | --- | --- | --- | --- | --- ...