https://insideevs.com/news/791403/multiple-chinese-ev-makers-profitable/
So far this year, three Chinese automakers have posted their first annual or quarterly profits. Stellantis-backed Leapmotor disclosed its first-ever full-year profit of $78 million in 2025, marking a sharp reversal from a $410 million loss the year before. Nio posted $104 million in adjusted net profit in Q4 after reporting a roughly $900 million loss during the same period in 2024. Xpeng turned its business around with a net profit of about $55 million in the fourth quarter of last year, after reporting a loss of around $190 million during the same period the year before
The new unit, reported by Yahoo Finance, will focus exclusively on operating driverless ride-hailing services, separating the business of fleet operations from XPeng’s core vehicle and technology development. It marks the clearest structural move yet by the company to treat robotaxis not as a feature of its electric vehicles, but as a distinct and potentially dominant revenue stream.
The decision reflects how quickly the competitive landscape is evolving. What began as a race to electrify vehicles is now becoming a race to remove the driver altogether.
For EVs, XPeng is aggressively scaling its global footprint, now spanning over 46 markets — with a laser focus on Europe, Southeast Asia, and the Middle East.