XPENG Sales Drop 34% in January - CleanTechnica

XPENG experienced a significant slowdown in sales growth at the start of 2026 after a period of rapid expansion. While January 2025 sales surged by 268% compared to the previous year, reaching 30,350 units, January 2026 saw a 34% decline to 20,011 units. This drop may reflect broader market conditions or a temporary pause following the unsustainably rapid growth in 2025. The Chinese electric vehicle (EV) market’s complexity and competitiveness add uncertainty to interpreting these trends. Despite the slow start, XPENG aims to increase its vehicle sales by 28% to 40% in 2026, targeting 550,000 to 600,000 units compared to 429,445 in 2025, supported by planned new model launches and market expansions. The company is emphasizing the environmental benefits of its recent sales, noting that January 2026 deliveries are expected to reduce life-cycle greenhouse gas emissions by over 300,000 tons,