Xpeng Earnings

Xpeng delivered 116,007 vehicles in the third quarter, marking its fourth consecutive quarter of record-high deliveries.

Xpeng's new generation P7 sedan will be launched next week.

Xpeng's net loss for the second quarter was RMB 480 million, marking the lowest level since the third quarter of 2020.

Xpeng is confident that sales will more than double in 2025 and expects the company to be profitable in the fourth quarter of this year.

Xpeng's first-quarter net loss came in at RMB 660 million, the lowest since the second quarter of 2020.

Xpeng delivered 94,008 vehicles in the first quarter, exceeding the upper end of its guidance range.

Xpeng today announced its Q4 2024 financial results and held an analyst call afterwards. This post is a live update from that call.

Xpeng reported a net loss of RMB 1.33 billion ($180 million) in the fourth quarter, lower than analysts' expectations of RMB 1.593 billion, but gross margins slipped slightly from the third quarter.

Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations.

Xpeng reported revenues largely in line with expectations in the second quarter, with gross margin increasing sequentially for the fourth consecutive quarter and net loss narrowing slightly from the first quarter.