Chinese electric vehicle maker Xpeng reported a strong month-on-month rebound in March deliveries but continued to record lower volumes compared with a year earlier, underscoring the uneven recovery facing some EV makers in China. According to EV Magazine, Xpeng delivered 27,415 vehicles in March, a jump of roughly 80% from February yet still down about 17% from March a year ago. According to PR Newswire, the company’s deliveries for the first quarter totalled 62,682 vehicles, a decrease of around one-third year-on-year and inside Xpeng’s previously issued guidance range.
Management is seeking to revive demand through refreshed, lower-priced models and greater integration of in-house technology. Xpeng is due to unveil an updated Mona M03 sedan, with the current model positioned at the affordable end of the market. Company communications highlight that the revised Mona line will incorporate Xpeng’s self-developed Turing AI chip and upgraded computing power to bolster its intelligent driving features, a move the automaker says should support healthier margins on core models.
Xpeng has been explicit about translating its AI investments into volume products. Company releases describe the MONA M03 Max as bringing advanced driver assistance to a price segment around US$20,000 by replicating the same computing architecture and unified software used in higher-end models. According to corporate statements, that strategy, combining proprietary chips, cloud and in-vehicle AI models and a full vehicle electronic architecture, aims to extend class-leading smart-driving capabilities across its range.
The firm has pointed to tangible progress in chip roll-out: cumulative shipments of its Turing AI chips have surpassed 200,000 units, with the company forecasting full-year shipments to approach roughly one million units. Xpeng also logged its first quarterly net profit in the fourth quarter of 2025, which it attributed to improvements in cost structure and a more favourable product mix, according to company statements.
Beyond passenger cars, Xpeng is broadening its business scope. The automaker reiterated plans to introduce four new models equipped with advanced smart-driving systems this year, including a flagship six-seat GX SUV slated for sale in the second quarter. The company is also accelerating international expansion, having entered the Mexican market in late March as part of a three-year Latin America strategy that envisages an ambition to become a regional leader by 2028.
Xpeng is meanwhile investing in robotics as a separate growth avenue. The company says it is developing a next-generation humanoid, named Iron, targeted for mass production and deliveries by the end of 2026, reflecting an effort to extend its AI and hardware capabilities beyond vehicles.
