XPeng Inc. reported delivering 40,126 vehicles in June 2026 and 103,295 vehicles in the second quarter, while preparing to launch the XPENG MONA L03 globally later that month. The company also outlined an advanced Physical AI roadmap, including its X-Mind predictive world model and plans to commercialize humanoid robots by the end of 2026. The June delivery beat against Q2 guidance reinforces EV execution as a key near-term catalyst, while the biggest risk remains that heavy spending on AI, robots and global expansion keeps net margins in the red for longer. XPeng's narrative projects CN¥137.4 billion in revenue and CN¥6.4 billion in earnings by 2028, while some analysts assume XPeng reaches only CN¥109.2 billion of revenue and CN¥238.4 million of earnings by 2029.