XPeng Inc. closed the first half of 2025 with numbers that would make any EV executive blush: 34,611 vehicles delivered in June, a 224 % year-over-year spike, and 197,189 vehicles shipped since January—already ahead of the company’s full-year 2024 total. The streak marks eight consecutive months above 30,000 units and locks in a second-quarter record of 103,181 deliveries.
How XPeng outran its own 2024 finish line in six months
XPeng’s entire 2024 saw roughly 190,000 vehicles handed to customers. Surpassing that milestone by July 1 shows more than momentum—it shows scaling discipline. Analysts at CnEVPost note that XPeng’s Guangzhou and Zhaoqing plants are now running double-shift schedules, giving the brand a theoretical 400,000-unit annual capacity.
A quarterly snapshot
| Period | Deliveries | YoY change |
|---|---|---|
| Q2 2024 | 31,175 | — |
| Q1 2025 | 94,008 | +201 % |
| Q2 2025 | 103,181 | +231 % |
The sequential lift matters: XPeng isn’t just riding easy comps; it’s adding volume quarter-on-quarter.
Product catalysts: G7 SUV and the Mona sedan push
Together, the pair supplement the premium P7+, G6 and P5 line-up, enabling XPeng to serve a larger price span than Tesla currently does in China.
A chip of its own: “Turing” beats Nvidia on paper
In May the company unveiled its Turing autonomous-driving SoC, claiming 3× the inference performance of Nvidia’s Orin X while consuming 30 % less power. Volkswagen has already confirmed plans to integrate the chip in select Chinese-market ID models. Owning core silicon short-circuits one of Tesla’s big moats—vertically integrated autonomy hardware.
Crossing borders at speed—40 countries and counting
XPeng now sells or has signed distribution MOUs in over 40 countries and regions, including recent launches in Germany, the Netherlands, Australia and the UAE. European units ship with CCS2 and comply with the EU’s new e-Call regulations, which many Chinese peers still scramble to meet.
How XPeng stacks up against Tesla and BYD
| Metric (H1 2025) | XPeng | Tesla* | BYD* |
|---|---|---|---|
| Global deliveries | 197,189 | ~872,000 | ≈ 1.45 million |
| YoY growth | +122 % | –3 % | +28 % |
| Export markets | 40+ | 50+ | 70+ |
| L2/L3 autonomy option | XNGP (city+highway) | FSD v12 (Beta, U.S.) | DiPilot (China) |
*Tesla and BYD figures based on company reports and Shanghai Association data through June 2025.
While XPeng’s volume still trails BYD and Tesla, its growth rate dwarfs both—and that typically commands investor attention.
Stock-market reaction: why funds are nibbling
XPeng shares (NYSE: XPEV) jumped 8 % in early trading on July 1, outperforming the KraneShares Electric Vehicles ETF by 4 points. Volume was 1.6× the 30-day average as buy-side desks cited “delivery visibility and margin leverage” thanks to higher-priced exports. Options traders piled into August $20 calls, betting on a breakout above April’s high. (Not investment advice.)
Risks that could derail the rise
- European anti-dumping probes: XPeng must navigate potential tariffs that already target BYD and SAIC.
- Domestic price war: Tesla’s Model Y discounts and BYD’s relentless cost cutting still squeeze margins.
- Scale-up execution: Adding a third assembly line in Wuhan runs the usual ramp-risk gauntlet.
Outlook: 400 k deliveries now seems conservative
XPeng’s official 2025 guidance remains “sub-400 k,” but internal targets leaked to Chinese media peg 450 k–480 k as the stretch goal. If monthly deliveries merely plateau at 35 k, XPeng would coast to >400 k for the year. Should the G7 hit projected 10 k/month once full production spins, XPeng could vault over 450 k—doubling 2024 in one calendar cycle.
XPeng’s 224 % June surge and half-year record confirm that the Guangzhou newcomer is no longer a niche player nipping at Tesla’s heels—it’s a high-growth juggernaut with its own chips, its own global pipeline, and a product ladder that stretches from budget hatchbacks to premium SUVs. If Tesla’s Model 2 slips past 2026, XPeng may already have claimed the mass-market territory Elon Musk once called inevitable.
