XPeng's Philippine Debut and Porsche's Carbon Pact Set the Stage for a Make-or-Break Earnings Report
Published on 08/20/2026 at 05:10 | Redaktion boerse-global.de
The next fortnight could reshape how investors view XPeng. The Chinese electric vehicle maker reports second-quarter results on Monday, August 24, then launches in the Philippines on September 25 — a one-two punch that lands as the stock hovers dangerously close to its 52-week floor.
The Manila event, staged at the Mall of Asia Arena, will showcase the L03 and X9 models. It extends a global push that has gathered unusual momentum: Porsche recently quit the Volkswagen Group's CO2 pool to form a new open pool with XPeng for 2026 and 2027, a move confirmed in European Commission filings on August 5. For a Stuttgart stalwart to tie its emissions accounting to a Chinese challenger — one its own parent barely took seriously a few years ago — speaks volumes about the scale and cleanliness of XPeng's fleet.
A Split on Wall Street
Institutional investors are drawing opposite conclusions from the same share price. Citadel Advisors tripled its position to 4.04 million American Depositary Shares during the second quarter, while Goldman Sachs cut its holdings by 71 percent to 2.27 million ADS. Deutsche Bank added to its stake while trimming its Nio position. Two houses building, one retreating — the market is effectively staging a debate over valuation in real time.
The stock closed at €10.32, barely three percent above its 52-week low of €9.99 set just days ago. From November's yearly peak of €24.40, the shares have shed 58 percent. Citadel's accumulation in this climate reads as a bet that the bottom is near; Goldman's exit suggests the opposite.
Should investors sell immediately? Or is it worth buying XPeng?
New Flagship, Familiar Pressure
Operationally, the company keeps churning out milestones. July deliveries reached 38,027 vehicles, up 4 percent year-on-year, pushing cumulative global deliveries to 1.2 million by July 31. In France, XPeng has now surpassed 6,000 delivered vehicles, the latest being a P7+ sedan sold to a customer in the AI sector.
The new G9L SUV, unveiled in Guangzhou this week, targets the roughly 300,000-yuan segment (about $44,180) — a lucrative but fiercely contested slice of the Chinese market. Pre-sales start at 259,800 yuan (around $38,260) for both battery-electric and range-extended versions. The vehicle carries the second-generation Vision-Language-Action driver-assistance system, powered by three in-house Turing AI chips delivering 2,250 TOPS of computing performance. It will be sold across 64 markets, including Australia, where it must meet strict ANCAP safety standards.
The company also plans to roll out its next-generation pilot system, built on the VLA-2.0 model, globally from 2027 — a signal that XPeng intends to compete on software as much as volume.
The Profitability Question
None of this expansion comes cheap, and that's the crux for investors. Management has guided second-quarter revenue to between 19.60 and 20.80 billion renminbi, implying growth of 7.25 to 13.82 percent year-on-year. Whether those numbers hold up will be tested when the unaudited figures land before US markets open on August 24.
The share price has yet to reflect any of the operational momentum — it closed Wednesday at €10.22, just above its recent low, down 43 percent year-to-date. The market's skepticism likely centers on whether the July delivery strength translates into improved margins and revenue quality, particularly with heavy spending on new markets, the G9L launch, and the Philippine entry all running in parallel.
Porsche's decision to pool its CO2 emissions with XPeng suggests the industry itself takes the company seriously. Whether shareholders share that view is a question that only the upcoming earnings report — and the months of global expansion that follow — can answer.
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