Quick Answer
XPENG INC. reported R&D Expense of $6.46 billion for fiscal year 2024.
XPENG INC. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $6.46B | +22.4% |
| 2023 | $5.28B | +1.2% |
| 2022 | $5.21B | +26.8% |
| 2021 | $4.11B | +138.4% |
| 2020 | $1.73B | -16.6% |
| 2019 | $2.07B | +96.9% |
| 2018 | $1.05B | — |
- XPENG INC. showed an increase of +22.4% in R&D Expense compared to the prior fiscal year.
- Over the 2018–2024 period, XPENG INC.’s r&d expense has grown by 514.2% (from $1.05 billion to $6.46 billion).
- The most recent figure is from XPENG INC.’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 16, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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