The Hong Kong-listed shares of Chinese electric vehicle (EV) maker XPeng (HK:9868) rose about 3% on Tuesday after the company announced expansion into new markets in Europe and Asia. The company is seeking growth beyond China as competition in the domestic market has intensified. XPeng’s U.S.-listed shares (XPEV) jumped 6.5% on Monday, though they were down 1.2% in Tuesday’s pre-market trading, as of writing.
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XPEV stock has rallied by an impressive 95% year-to-date.
XPeng Seeks Growth in International EV Markets
In a social media post, XPeng announced that it has launched new models, such as G6 SUV (sport utility vehicle), G9 SUV, and P7+, in Lithuania, Estonia, Latvia, and Cambodia. With these launches, XPeng has now expanded to 49 countries.
Interestingly, XPeng intends to further expand its presence in additional international markets. In fact, XPeng aims to generate 50% of its total sales from overseas markets within the next decade. The move comes amid stiff competition in the Chinese EV market. Last month, XPeng CEO He Xiaopeng told CNBC that the company plans to roll out its mass-market Mona brand into Europe and other overseas markets early next year. The CEO added that XPeng is open to acquiring other EV makers.
The expansion into international markets comes despite tariff pressures. According to CnEVPost, XPeng’s overseas deliveries jumped by an impressive 119% to 29,723 vehicles in the first nine months of 2025, accounting for 9.5% of the overall deliveries over the same period.
Meanwhile, XPeng’s total deliveries continue to grow at an impressive pace. For September 2025, the company reported a 95% jump in its deliveries to 41,581 EVs.
Is XPeng Stock a Buy?
Amid intense competition in the Chinese EV market, Wall Street has a Moderate Buy consensus rating on XPeng stock based on eight Buys, two Holds, and one Sell recommendation. The average XPEV stock price target of $25.91 indicates 12.6% upside potential from current levels.
