XPeng Inc. (NYSE:XPEV) stock declined on Monday after the company reported weak deliveries in January 2026.

The Chinese EV maker said it delivered 20,011 vehicles in January, a 34% year-over-year (Y/Y) decline.

The XPENG P7+ was launched simultaneously across 36 countries, and made its European launch at the 2026 Brussels Motor Show in January.

As of December 31, 2025, the company has expanded its global presence to 60 countries and regions.

Its overseas sales network now encompasses 380 physical stores, representing year-over-year growth of more than 150%, while its worldwide sales and service network has grown ...