XPeng posts higher gross margin while advancing robotaxi and humanoids
XPeng reported Q1 2026 gross margin of 20.6%, up five points year over year, but revenue fell 17.6% to 13.03 billion yuan and net loss was 1.78 billion yuan. Its vehicle margin was 12.1% versus Tesla’s 16.9% automotive margin. XPeng also received a Guangzhou road-testing permit and plans pilot robotaxi operations in 2H 2026, with mass production targeted for end-2026 and Optimus lines installed.