Xpeng annual r&d spending
2018
2019
2020
2021
2022
2023
2024
2025
Xpeng R&D Spending Growth & History (XPEV)
Xpeng's r&d spending was ¥9.49B for fiscal 2025.
View full Xpeng company overviewXpeng annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | ¥9.49B | ¥3.03B | +46.98% |
| 2024 | 2024-12-31 | ¥6.46B | ¥1.18B | +22.37% |
| 2023 | 2023-12-31 | ¥5.28B | ¥61.7M | +1.18% |
| 2022 | 2022-12-31 | ¥5.21B | ¥1.10B | +26.75% |
| 2021 | 2021-12-31 | ¥4.11B | ¥2.39B | +138.38% |
| 2020 | 2020-12-31 | ¥1.73B | −¥344.3M | −16.63% |
| 2019 | 2019-12-31 | ¥2.07B | ¥1.02B | +96.93% |
| 2018 | 2018-12-31 | ¥1.05B | — | — |
Xpeng quarterly r&d spending
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | ¥2.91B | ¥708.3M | +32.11% |
| Q1 2026 | 2026-03-31 | ¥2.91B | ¥926.3M | +46.76% |
| Q4 2025 | 2025-12-31 | ¥2.87B | — | — |
| Q3 2025 | 2025-09-30 | ¥2.43B | — | — |
| Q2 2025 | 2025-06-30 | ¥2.21B | — | — |
| Q1 2025 | 2025-03-31 | ¥1.98B | — | — |
Xpeng r&d spending trends
Over the last five fiscal years, Xpeng's r&d spending increased from ¥1.73B to ¥9.49B, a change of ¥7.76B. The latest reported quarter, Q2 2026, shows ¥2.91B.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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