UBXPENG@EP2611A

DBS Analyst Tse Maintains Buy Rating on XPeng, Sets Target Price at HKD 109

Bank of America raises XPeng target price to HKD 98, reiterates Buy rating

Chinese Auto Sales Break 100 Million, BYD Launches Chip, Xpeng and Li Auto Advance Robotics

Morgan Stanley Maintains Overweight Rating on XPeng, Lowers Target Price to 118 HKD

XPeng International Sales Share Rises to Nearly 20% as Company Accelerates Overseas Localization Production Layout

Xpeng's He Xiaopeng: GX Model Has Good Margins, Launches Sales Stability Strategy and VLA Tech Upgrade This Year

XPeng Unveils Global Robotaxi Strategy: Economy Models in 2027, Commission-Based Product Model

XPeng Group Q1 Loss Widens to 1.784 Billion, Shares Open Low 3.47%

XPeng predicts Q2 revenue below expectations, plans to launch four new models

XPeng Releases 1Q26 Earnings: Strong Q2 Delivery Guidance, Strategic Pivot to Entity AI

Xpeng Group Unveils VLA Upgrade Plan, Aiming for Preliminary L5 Spatial Capability by Year-End

XPeng Group 2026 Q1 Earnings Call Sets New Strategy: Commercial Value Core, XPeng GX for Stability

XPeng GX pre-orders exceed 26,800 in 12 hours, factory faces biggest capacity challenge

XPeng Group Reports Q1 Loss of 1.87B RMB, Q2 Delivery Forecast Beats Market Expectations

XPeng Motors Q1 2026 Revenue at 13 Billion Yuan, Down 17.8% YoY

XPENG-W released FY2026 Q1 earnings on May 28 Pre-Market (BJT), actual revenue HKD 14.78 B (forecast HKD 14.58 B), actual EPS HKD -1.0586 (forecast HKD -0.8956)

XPeng Group Holds Robot Mass Production Mobilization Meeting, Targets 2026 Year-End Launch

Guangdong's 100 Billion Yuan Strategic Emerging Industry Fund Launches, Prioritizes XPeng Group Signing

XPeng VP Welcomes Tesla FSD Entry, Both Use Pure Vision Strategy

XPeng completes acquisition of 90.1% stake in Indonesian EV entity EIDO, launching local production in Southeast Asia

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In a report released yesterday, from Bank of China maintained a Buy rating on XPeng, Inc. Class A, with a price target of HK$83.00.Memorial Day Sale – Claim 70% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$109.00 price target.

- Bank of China and DBS have both maintained a Buy rating on XPeng, Inc. Class A.  
- The price target set by Bank of China is HK$83.00, while DBS has set a higher target of HK$109.00.  
- This reflects strong confidence in the company's stock performance moving forward.

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Bank of China Remains a Buy on XPeng, Inc. Class A (9868)

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Macquarie upgraded XPeng (XPEV) to Buy and BofA raised its price target following Q1 2026 earnings. Despite a quarterly loss due to sluggish sales, XPeng's gross margin improved to 20.6%. Analysts cited strong order intake for new models like the GX and optimistic Q2 delivery forecasts of 100,000-106,000 units as key drivers for their bullish outlook, highlighting potential upside from future investments in robotaxis and humanoid robots.

- XPeng (XPEV) reported a loss for Q1 2026 due to sluggish sales, despite a significant gross margin improvement to 20.6%.  
- Analysts from Macquarie and Bank of America have raised price targets and maintained Buy ratings, citing optimism around new models and increased sales projections.  
- XPeng is targeting over 10,000 monthly overseas unit sales by Q4 2026, with a strong outlook for Q2 deliveries between 100,000 and 106,000 units, suggesting potential for recovery.

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Bank of America Corp

Macquarie Upgrades XPeng Stock to Buy (XPEV) after Q1 Earnings; BofA Raises Price Target

DBS analyst Raphael Tse has maintained a Buy rating on XPeng, Inc. Class A (9868) with a price target of HK$109.00. The current analyst consensus is a Moderate Buy with an average price target of HK$95.10. Tse has an average return of -10.1% and a 16.67% success rate, covering the Consumer Cyclical sector.

- Raphael Tse from DBS has maintained a Buy rating on XPeng, Inc. Class A, with a price target of HK$109.00.  
- The analyst average return is -10.1%, with a 16.67% success rate in the Consumer Cyclical sector.  
- The overall consensus on XPeng, Inc. Class A is a Moderate Buy, with an average price target of HK$95.10.

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DBS Remains a Buy on XPeng, Inc. Class A (9868)

XPENG reported a Q1 2026 net loss of RMB 1.78 billion with revenue down 17.6% YoY due to lower deliveries. However, the company expects a sharp rebound in Q2, forecasting 100,000-106,000 deliveries and revenue growth of over 50%. Management highlighted a strategic shift towards 'physical AI,' including Robotaxis and humanoid robots, while launching new models like the GX and MONA M03 to drive future growth.

- XPENG anticipates a significant rebound in vehicle deliveries for Q2 2026, shifting focus from smart EVs to "physical AI" applications.  
- The company reported a decline in first-quarter revenues, primarily due to lower vehicle deliveries, and forecasts Q2 revenue will increase significantly with four new SUV models.  
- XPENG also aims to advance its Robotaxi and humanoid robot initiatives, targeting mass production by year-end, while international sales are projected to exceed 20% of total revenue.

Market Beat

Morgan Stanley

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XPENG Q1 Earnings Call Highlights

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Q2 overall GPM is expected to be roughly flat vs. Q1. Approx. 20.6%.

XPEV (1Q26 Trans): Humanoid robot to begin mass production by year-end

New-vehicle Cycle: Early Inflection

XPEV: Inflection Point in Sight — Does the 'Eastern Tesla' Story Still Have Legs?

Xpeng reported a net loss of 1.78 billion yuan ($260 million) in Q1 2026, ending its brief profitability streak. Despite a 17.6% revenue drop to 13.03 billion yuan, gross margin improved to 20.6%. The company expects Q2 deliveries between 100,000 and 106,000 vehicles, driven by new model launches, signaling a potential sales rebound. Xpeng's chairman emphasized advancing AI strategies, including robotaxis and humanoid robots.

- Xpeng reported a net loss of 1.78 billion yuan ($260 million) in the first quarter of 2026, ending its brief period of profitability from late 2025.  
- The company anticipates vehicle deliveries between 100,000 and 106,000 units in the second quarter, a significant quarter-on-quarter increase, driven by new model launches.  
- Despite a 33.32% year-on-year drop in first-quarter deliveries, Xpeng's improving gross margin reflects a potential recovery as sales stabilize.

CnEVPost

Xpeng reports wider Q1 loss but forecasts strong Q2 delivery rebound

XPeng 1Q26 First Take: results modestly beat a low bar. However, vs. the trough-like Q1 print, the market is clearly more focused on Q2 guidance, especially after the 'one car, two powertrains' range‑extender strategy faced temporary pressure in Q1. Q2 sales and revenue guidance came in above expectations. This suggests the 2026 Mona M03 refresh and the all-new GX can help XPeng start to turn the corner. Details below. Key takeaways follow. 1) ASP reached RMB 175k, slightly above the street’s RMB 172k, up RMB 11k QoQ, driving auto revenue to RMB 11 bn vs. consensus RMB 10.8 bn. The QoQ ASP uplift was mainly driven by continued mix optimization (higher-priced X9 mix up, lower-priced Mona M03 mix down) and a higher overseas contribution. These factors effectively offset the impact from heavier promotions. 2) Auto GPM was 12.1%, down 90bps QoQ as scale benefits faded and upstream materials costs rose, yet still above the street’s 11.3%. The better‑than‑expected ASP helped partially offset cost pressure. 3) Non-GAAP net loss was slightly wider than expected (actual -RMB 1.78 bn vs. -RMB 1.66 bn), mainly on higher R&amp;D QoQ. Non-GAAP net income came in at -RMB 1.7 bn, wider than the -RMB 1.14 bn expected, with the variance driven by lower other income and larger FX losses. On Q2 guidance, where investor focus is higher, XPeng offered constructive signals. Key items: 1) Q2 deliveries guided to 100k–106k units, ahead of the street’s 97k. With 31k already delivered in Apr, the guide implies May/Jun average monthly deliveries of 34.5k–37.5k. Incremental volume is expected to come mainly from the 2026 Mona M03 refresh and the new GX. 2) Q2 revenue guided to RMB 19.6–20.8 bn, also above the street’s RMB 19.3 bn, primarily on stronger volumes. The guide implies Q2 ASP of roughly RMB 175k; despite a sharply higher mix of the lower-priced Mona M03, blended ASP should hold at Q1’s elevated level. Dolphin Research expects the higher-priced GX (RMB 269.8k–349.8k) to lift the overall ASP. $XPeng(XPEV.US) $XPENG-W(09868.HK)

XPeng (XPEV) reported a net loss of RMB 1.78 billion for Q1 2026, up from RMB 0.66 billion last year. Net loss per ADS was RMB 1.87, with total revenues at RMB 13.03 billion, a 17.6% decline. Vehicle sales revenue fell 23.5%, with deliveries down 33.3%. For Q2 2026, XPeng anticipates vehicle deliveries between 100,000 and 106,000 and revenues of RMB 19.60 billion to RMB 20.80 billion. Shares rose 5.57% to HK$66.35.

- XPeng (XPEV) reported a net loss of RMB 1.78 billion for Q1 2026, significantly increasing from a loss of RMB 0.66 billion in the same quarter last year.  
- Total revenues fell by 17.6% to RMB 13.03 billion, driven by a 23.5% drop in vehicle sales, with total deliveries down 33.3%.  
- For Q2 2026, the company projects vehicle deliveries between 100,000 and 106,000, with revenues estimated between RMB 19.60 billion and RMB 20.80 billion.

rttnews

XPeng Posts Wider Loss In Q1

XPeng Inc. (XPEV) shares rose 4% in pre-market trading after reporting improved profit margins, with gross margin at 20.6% and vehicle margin at 12.1%. However, revenue fell 18% to ¥13.03 billion, and vehicle deliveries dropped by 33.3% to 62,682 units in Q1 2026, resulting in a net loss of ¥1.78 billion, wider than expected.

- XPeng Inc. (XPEV) saw a 4% increase in pre-market trading following a report of improved profit margins, with gross margin rising to 20.6%.  
- However, the company reported an 18% decrease in revenue to ¥13.03 billion and a significant drop in vehicle deliveries, down by one-third.  
- XPeng experienced a net loss of ¥1.78 billion in Q1 2026, exceeding analyst expectations and highlighting challenges in the slowing Chinese EV market.

XPeng Earnings: XPEV Stock Rises on Stronger Margins Even as Revenue Slumps

The market keeps going up with minimal pullbacks. That is a market that will run out of air at the top! Be careful everyone. I am staying defensive!

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Wah Anthropic almost 1 trillion liao, sure got bubble vibes lah but the monetization damn fast also. For EV I prefer Li Auto's profit discipline over Xpeng growth, and with crude shooting up I keeping more cash this weekend leh

I read somewhere that for AI, one cannot just look at whether the valuation of the company is at a historic high but whether it is justified by a growing demand and at this juncture, the answer seems yes. Whether this demand can bring in profits that will be over and above the amount of capex being poured in is the crucial thing we have to keep an eye on.

Private AI valuations bubble risk, monetization still lags. Li Auto's profit &gt; Xpeng's losses. Hedge crude oil for escalating Mideast strikes weekend.

Anthropic’s implied valuation versus OpenAI￼ reflects investor willingness to price future AI infrastructure dominance before normalized earnings exist. The risk resembles prior liquidity-driven cycles, but unlike earlier tech bubbles, frontier AI firms are already generating meaningful enterprise revenue. Sustainability likely depends less on model hype and more on monetization durability, inference economics, and regulatory outcomes.In China EVs, Li Auto appears to be prioritizing margin protection while XPENG is leaning into scale and share capture. H2 2026 may favor whichever strategy better converts software adoption and pricing power into sustainable cash flow amid intensifying competition.

OpenAI

Xpeng's Q1 headline numbers look rough. Revenue down 17.6% to RMB 13 billion. Deliveries down 33.3% to 62,682. Net loss widened to RMB 1.78 billion. Headlines are brutal. But here's what most people are completely missing. Gross margin hit 20.6%, up 5 percentage points year over year. XPEV just improved profitability WHILE cutting volume. In a brutal EV price war, that's actually impressive. Here's the number that matters: Q2 delivery guidance is 100,000 to 106,000 units. That's nearly double Q1 in a single quarter. If they hit even the low end, this stock looks completely different by end of June. The thesis is unit economics are finally inflecting. I think the bottom was Q1.

The market keeps climbing and the optimism feels excessive. But is that really the reality on the ground? Ask yourself and your friends around you .Chipmakers and storage companies are reaching trillion-dollar valuations while layoffs continue across many industries. Does it genuinely make sense for the economy to keep moving in this direction when everyday conditions seem so disconnected from the market’s enthusiasm? Something not right. Stop chasing the high. Trade prudently and keep more money in your bank account.

Holding Xpeng since the lows last year. Wider losses but the delivery number is what I care about. Volume this year, margin next year. Not touching it 💎

The market is still going up with narrow leadership and tepid volume. Unless breadth expands and volume picks up along with it, I am staying safe.

The Xpeng story this quarter is interesting. Wider losses but stronger delivery guidance means they're spending to capture volume. Li Auto is protecting margin but losing topline. Two different bets on the same cycle — and right now the market is telling you it prefers volume growth over near-term profit 👀

UBXPENG@EP2611A(29713.HK)

Bank of China Remains a Buy on XPeng, Inc. Class A (9868)

Macquarie Upgrades XPeng Stock to Buy (XPEV) after Q1 Earnings; BofA Raises Price Target

DBS Remains a Buy on XPeng, Inc. Class A (9868)

XPENG Q1 Earnings Call Highlights

XPEV (1Q26 Trans): Humanoid robot to begin mass production by year-end