XPENG Faces 34% Sales Decline in January Amidst Market Challenges
XPENG, a prominent player in the electric vehicle market, reported a 34% drop in sales for January 2026, with 20,011 units sold compared to the previous year's figures. This decline follows a period of significant growth, including a 268% increase in January 2025. The downturn may reflect broader market trends or the unsustainable pace of growth seen in 2025. Despite the slow start to the year, XPENG remains optimistic about its growth prospects, targeting 550,000 to 600,000 vehicle sales in 2026, which would represent a 28% to 40% increase over 2025. The company continues to emphasize the environmental benefits of its vehicles and has expanded its global presence to 60 countries, with a significant increase in its sales and service network. 
