XPeng's European CO2 Gambit With Porsche Offers Little Respite as Shares Languish Near Record Lows
Published on 08/15/2026 at 15:53 | Redaktion boerse-global.de
The Chinese electric vehicle maker finds itself in an unusual position: forging closer ties with a storied German sports car brand while its own stock price scrapes along the bottom of its trading range. XPeng shares closed Friday at €10.12, a mere 1.3 percent above the 52-week low of €9.99 hit on August 13. The equity has shed 44 percent since the start of the year and 16 percent over the past month alone, leaving it 59 percent below its November 12 peak.
That disconnect between the company's operational momentum and its market valuation is set to face a critical test on August 24, when XPeng releases unaudited second-quarter results before the US market open. Management has guided for revenue between RMB 19.60 billion and RMB 20.80 billion, with the earnings call scheduled for 8 a.m. Eastern Time.
A German Alliance With a Green Twist
Perhaps the most intriguing development in recent days involves a surprising partnership across the automotive divide. Porsche has exited the Volkswagen Group's CO2 pooling arrangement to form a new open pool with XPeng covering 2026 and 2027, according to a filing with the European Commission. The arrangement allows Porsche to offset emissions from its high-performance sports cars against XPeng's zero-emission fleet, potentially sidestepping EU penalties of €95 per gram of CO2 exceeded.
For XPeng, the deal opens an additional revenue stream in Europe, where the manufacturer is already scaling up aggressively. The company projects nearly 50,000 European deliveries for full-year 2026 and has shifted production of the G6, G9, and P7+ models to Magna Steyr's facility in Graz, Austria, to circumvent EU retaliatory tariffs.
The European push extends beyond the continent. In Australia, XPeng plans to introduce five models — the G6, X9, L03, G9L, and L05 — between the second half of 2026 and the first quarter of 2027. The Philippines market entry begins in September with the X9 and L03, bypassing third-party distributors entirely.
Should investors sell immediately? Or is it worth buying XPeng?
A Flagship Priced to Disrupt
Back in China, XPeng has unveiled the G9L, a five-seat flagship SUV offered in both pure-electric and super range-extended configurations. Pre-order pricing starts at RMB 259,800, roughly $38,260. The vehicle's 800-volt platform promises 450 kilometers of additional range from a nine-minute charge, positioning it as a direct challenge in the large-SUV segment.
The product offensive arrives against a backdrop of softening demand. July deliveries reached 38,027 vehicles, up 4 percent year-over-year but down 5.2 percent from June. Cumulative global deliveries surpassed the 1.2 million mark at the end of July. Yet the headline numbers obscure a steeper challenge: media reports indicate first-seven-month deliveries fell 12.78 percent compared with the same period last year, with monthly volumes never regaining the peak of over 42,000 units reached in October 2025.
Part of the drag is systemic. China's auto market has posted declining sales for ten consecutive months, with domestic passenger vehicle sales contracting more than 20 percent in the first seven months of the year. XPeng is effectively swimming against a sector-wide current.
Analysts Split on the Outlook
Wall Street's response has been measured. Goldman Sachs reiterated a buy rating on August 3 with a $20 price target, while UBS confirmed its hold stance on August 12. No major house has initiated a wholesale revaluation of the stock this month.
The consensus picture for 2026 has nonetheless improved markedly. Analysts now project a loss of RMB 0.931 per share for the full year, a significant narrowing from the previously forecast RMB 2.61 deficit, with revenue holding steady at RMB 94.7 billion.
The relative strength index sits at 34.4, signaling oversold conditions, yet investors appear unmoved by the operational narrative. The August 24 earnings report will offer the clearest signal yet whether the market's skepticism or the company's growth story carries more weight.
Ad
XPeng Stock: New Analysis - 15 August
Fresh XPeng information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
