XPeng reportedly tops one billion yuan in carbon credit revenue, with deals spanning Europe, the UK and Australia

Confirmed revenue claim and where it came from

XPeng has reportedly reached carbon credit deals with Porsche and several other international automakers, covering emissions regulations in the European Union, the United Kingdom and Australia, generating more than RMB 1 billion (around $140 million) in total revenue. That account comes from Gasgoo Daily, which reported on September 29, 2026 that an XPeng vice president confirmed the reports were accurate. The company also expects to generate more than RMB 500 million in carbon credit revenue during 2026, according to the vice president's confirmation reported by Gasgoo. ⁴

OICA's daily news summary of the same date carried a parallel item, reporting that XPeng had reportedly earned over 1 billion yuan in cumulative revenue from carbon-credit agreements with Porsche and other international automakers, describing credit sales as a new revenue stream alongside vehicles and technical services. The two outlets' figures agree on the cumulative total; neither names the buyers beyond Porsche. Both base the number on reports rather than an XPeng company announcement, so the identity of the other purchasers remains unconfirmed. ⁴⁵

Porsche's independent emissions pool

The regulatory backdrop helps explain who is buying. According to European Commission documents cited by Gasgoo, Porsche has opted out of Volkswagen Group's internal CO2 emissions pool and plans to form an independent open compliance pool for 2026–2027, with XPeng identified as a key partner. Under EU rules, automakers can form emissions pools and use surplus credits from low-emission manufacturers to offset excess emissions, Gasgoo noted. ⁴

Gasgoo's reporting frames the deals as a response to increasingly stringent emissions requirements in overseas markets, with XPeng's strong electric-vehicle sales creating surplus credits that higher-emitting manufacturers can purchase. It is worth separating what is confirmed from what is not: the pool arrangement is documented in European Commission materials, while the breadth of the buyer list beyond Porsche rests on reports the XPeng executive endorsed but did not itemise. ⁴

Why XPeng has credits to sell

XPeng's growing overseas sales underpin its position as a potential carbon credit supplier. Gasgoo reports that its overseas deliveries topped 20,000 units in the second quarter of 2026, up 81 per cent year on year, while the overseas business accounted for more than 25 per cent of revenue in the first half of the year. From January to July, XPeng ranked first among Chinese new-energy brands in pure-electric sales in several European markets, including Norway, Denmark, France and Portugal, according to the same report. ⁴

XPeng's own quarterly results align with those figures. The company's Q2 2026 results announcement states that overseas markets drove 25 per cent of first-half revenue, matching Gasgoo's figure for the overseas share. Separately, XPeng's July 2026 delivery report shows 38,027 vehicles delivered that month, up 4 per cent year on year, with cumulative deliveries surpassing 1.2 million units worldwide. Growing volumes of zero-emission vehicles are what generate the regulatory surplus the carbon credit business monetises. ¹⁴²

Australia's role in the picture

Australia appears among the markets the carbon credit agreements cover, per Gasgoo's reporting, though the RMB 1 billion figure is a global cumulative total rather than Australian revenue, and no Australia-specific amount has been disclosed. Australian relevance rests on the fact that the agreements cover emissions regulations in this market alongside the EU and UK, and that XPeng's local expansion is feeding the overseas volumes behind its credit surplus. ⁴

That expansion is well documented. Xinhua reported from Melbourne on July 21, 2026 that XPeng unveiled its development plan for the Australian market as part of a broader Australia and New Zealand strategy, with the seven-seat flagship X9 making its Australian debut and the right-hand-drive L03 compact SUV on display. XPeng said the X9 is available to order in Australia, while the L03 is scheduled to go on sale in the fourth quarter of 2026, with five new models planned over the following six months, three flagship technology experience centres and a nationwide network of up to 50 outlets. ⁶⁷

XPeng's Australian press releases page corroborates the timeline, listing the X9 Australian launch of July 21, 2026 and an Australia strategy announcement covering five new models in 2026 and a growing sales and service network. The company's July delivery announcement also states that its NGP driver-assistance system, powered by the in-house VLA 2.0 model, will begin its global rollout in 2027. These are the manufacturer's own statements about its Australian and global plans; they do not address the carbon credit business specifically. ¹²

Sustainability credentials and the credit trade

The credit trade sits on top of the environmental positioning XPeng promotes. Its Australian ESG page highlights that EVs it produced in 2025 reduce CO2 emissions by more than 6 million tons, a third consecutive MSCI ESG AAA rating, and a charging network spanning 31 countries and regions with more than 3,780 stations. The company's July 2026 delivery report adds a manufacturer estimate that vehicles delivered from January to July 2026 will reduce life-cycle greenhouse gas emissions by more than 3.23 million tons compared with internal combustion equivalents. ³²

Gasgoo's analysis characterises carbon credits as an increasingly strategic asset as emissions regulations tighten globally, allowing automakers with strong EV sales to monetise compliance advantages beyond vehicle sales themselves. That is the publication's own commentary rather than an XPeng statement, and it points to why a company with XPeng's export growth can treat credits as a revenue line. What remains unknown, on the current evidence, is the full buyer list beyond Porsche, the individual deal values and any Australia-specific revenue contribution. ⁴