XPeng Surges Past Tesla in 2025 on EV Delivery and Margin Gains

Tesla Stock Was in the EV Spotlight This Year, but This Chinese Rival Claimed the Top Prize

  • XPeng surpassed Tesla in 2025 growth, fueled by a rapid rise in vehicle deliveries and a diverse EV lineup.
  • The company’s strong performance is supported by investment in AI, proprietary software, and robotics, alongside improving profit margins.
  • XPeng’s latest quarterly results showed a 150% year-over-year increase in deliveries, outpacing both revenue and margin growth compared to Tesla.
  • While retail investor sentiment lags, most Wall Street analysts continue to rate XPeng stock as a ‘Buy’ or ‘Strong Buy.’

XPeng, a China-based electric vehicle manufacturer, achieved major gains in 2025, outpacing Tesla in share price growth and vehicle deliveries. The company’s sharp increase in sales is attributed to its expansive electric vehicle lineup and its ability to adapt quickly to changes in consumer demand. XPeng’s offerings include premium SUVs, sedans, multi-purpose vehicles (MPVs), and affordable models, allowing it to target a broad segment of the market.

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This diverse lineup features advanced technologies, such as in-house AI chips, a proprietary in-car operating system, and driver-assistance systems. Notable models include the ‘X9’ ultra-smart seven-seater MPV, the ‘G9’ premium SUV, the ‘G6’ coupe SUV, and the newest ‘P7’ sports sedan. These vehicles come with ranges between 265 and 436 miles and prices spanning from approximately $24,300 to $48,700. The more affordable ‘Mona’ subbrand, launched in August 2024, introduced the Mona M03 hatchback coupe, priced competitively under $16,700, as noted in company data.

According to recent reports, XPeng saw sales throughout 2024 rise steadily, reaching a record 116,007 vehicles delivered in the third quarter—a gain of nearly 150% compared to the previous year. The company celebrated its one millionth vehicle produced in November. Corresponding revenue figures mirrored this growth, doubling year over year and increasing 11.5% over the previous quarter, as stated by Fiscal.ai.

Gross margins began rising in late 2023, with a positive trajectory highlighted by recent margin data. In contrast, Tesla’s margins declined due to slowing delivery growth and the lack of high-margin regulatory credits.

Beyond electric vehicles, XPeng is investing in robotics and Ai technology. The company recently introduced its “IRON” robot, designed with lifelike movements and appearances, expected to begin mass production for factory and sales support by the end of 2026.

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Despite these advances, retail investor sentiment remains subdued, as shown by recent sentiment tracking. However, about 80% of Wall Street analysts covering the company recommend buying the stock, with an average price target reflecting further upside potential.

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