Chinese electric vehicle maker XPeng (XPEV) has set a target of selling 550K to 600K vehicles in 2026, according to a report from Chinese media site 36Kr. Sources indicate that the target was revealed at an internal strategy at the Guangzhou-based company.
For comparison, XPeng (XPEV) reported vehicle deliveries of 120,757 in 2022, 141,601 in 2023, 190,068 in 2024, and 429,445 in 2025. The 2026 target works out to 28% to 40% growth from the 2025 volume.
Notably, XPeng (XPEV) aims to double overseas sales in 2026, after overseas deliveries reached 45,008 units in 2025 and about 10% of total volume. To that end, the automaker is building localized supply chains and production footprints in Europe and ASEAN, including localized supply-chain teams and European manufacturing partnerships, to reduce tariffs, lower costs, and shorten delivery times.
Shares of XPeng (XPEV) are up 3.8% for the early part of 2026 and are more than 75% higher over the last 52 weeks. The market cap on XPEV is just over $20B. The Chinese EV stock has a Buy rating across Seeking Alpha analysts, Wall Street analysts, and the Seeking Alpha Quant Rating system.