On August 24, Xiaopeng Group released its financial results for the second quarter of 2026. In the second quarter, the total delivery volume of Xiaopeng Automobile was 103,295, an increase of 64.8% month-on-month; the total revenue was 19.74 billion yuan, an increase of 51.5% month-on-month, an increase of 8.0% year-on-year; the comprehensive gross profit margin was 20.7%, an increase of 3.4 percentage points over the same period last year, of which the gross profit margin of automobile was 12.1%. As of June 30, the company's cash reserves were 40.48 billion yuan. In terms of revenue structure, automobile sales revenue in the second quarter was 17.05 billion yuan, and service and other revenue was 2.70 billion yuan, an increase of 93.9% year-on-year. The increase was primarily driven by higher revenues from technology R&D services provided to other automakers, as well as increased sales of parts and accessories. In terms of products, the continuous release of the Xiaopeng GX and Mona L03 models in the second quarter enhanced confidence in subsequent new models. On July 16, Xiaopeng held a global conference on the new generation of AI coupe SUV Mona L03 in Munich, Germany, to further improve the Mona series product layout. He Xiaopeng, chairman and CEO of Xiaopeng Group, said that he will translate the competitive advantages of intelligent leadership and face-value leadership into more hot-selling products and stronger brand momentum. In terms of channels, as of June 30, Xiaopeng's physical sales network had a total of 740 stores covering 257 cities; the network of self-operated charging stations reached 3,780, including 2,720 Xiaopeng ultrafast charging stations. In terms of intelligent driving, Xpeng Turing AI Intelligent Driving equipped with the second-generation VLA model has been pushed to users for mass production in March this year, and the proportion of assisted driving miles pushed in the first month exceeded 50%; L4-level Xpeng Robotaxi equipped with this model has started internal testing for employees. Overseas, the second-generation VLA has recently completed the German local acceptance test. Based on the Chinese road condition training model, it can cope with complex traffic scenarios such as main roads, narrow roads, and alleys in European cities. Xiaopeng uses the "same set of models" to open up the Chinese and European markets. The goal is to gradually deliver localized intelligent assisted driving systems to global users from 2027. The robotics business is a highlight of this financial report. Xiaopeng Robot has completed the first round of financing exceeding US $900 million, with a post-investment valuation of about US $6.3 billion (about RMB 43 billion), refreshing the record of single round private equity financing in China's smart industry. This round of financing was led by IDG Capital, with participation from Gao Rong Venture Capital, and participation from two strategic investors, Tencent and Alibaba. Xiaopeng Group continued to hold the robot business. He Xiaopeng said that Xiaopeng's robot research and development for mass production has recently reached several important milestones. In the future, it will not only build one of the most valuable humanoid robot companies in China, but also become a leading physical AI company in the world. Gu Hongdi, vice chairman and co-president, said that in the face of the upward pressure on costs in the industry, the company's gross profit margin continued to exceed 20% thanks to the breakthrough of high-end and internationalization. It is expected that the mass production and commercialization of physical AI technology will accelerate in the next year. Looking forward to the third quarter, Xiaopeng expects automobile deliveries to be between 115,000-121,000 units, an increase of about 11.33% -17.14% sequentially; total revenue will be between 21.7 billion and 23.4 billion yuan, an increase of about 9.91% -18.52% sequentially. (Written by Chen Hao, Home of Automobiles).