XPENG-W released its first-quarter performance, with a net loss attributable to shareholders of 660 million yuan, a year-on-year decrease of 51.5%, and quarterly deliveries reached a historical high
XPENG-W released its Q1 2025 performance, with total vehicle deliveries of 94,008 units, an increase of 330.8% year-on-year; total revenue was 15.81 billion yuan, up 141.5% year-on-year. The net loss attributable to shareholders was 660 million yuan, a decrease of 51.5% year-on-year. Chairman He Xiaopeng stated that quarterly deliveries have reached a historical high, with positive market feedback, and that new models will continue to be launched while expanding into international markets. Vice Chairman Gu Hongdi pointed out that the gross margin has increased for seven consecutive quarters, reaching 15.6%
According to the Zhitong Finance APP, XPeng-W (09868) released its performance for the first quarter of 2025, with total vehicle deliveries reaching 94,008 units, an increase of 330.8% compared to 21,821 units in the same period last year; total revenue was RMB 15.81 billion (same unit below), up 141.5% year-on-year, but down 1.8% quarter-on-quarter; automotive sales revenue was RMB 14.37 billion, up 159.2% year-on-year, but down 2.1% quarter-on-quarter; net loss attributable to ordinary shareholders was RMB 660 million, a decrease of 51.5% year-on-year and a decrease of 50.1% quarter-on-quarter; basic and diluted net loss per American Depositary Share was RMB 0.70.
"In the traditional off-season of the automotive market, our quarterly deliveries have reached a new historical high, making us the top-selling new force car company. The positive feedback from the market has strengthened our confidence in XPeng's three-year major product cycle, and we will continue to move steadily and create popular products," said Mr. He Xiaopeng, Chairman and CEO of XPeng. "Our growth potential has just begun to be released, and I look forward to the upcoming intensive release of new models, international expansion, and the accelerated transformation of AI technology in the physical world, all of which will bring strong and sustainable growth momentum."
"Our cost control capabilities have significantly improved, and our automotive gross margin has increased for seven consecutive quarters, with the company's gross margin rising to 15.6% in the first quarter," said Dr. Gu Hongdi, Vice Chairman and Co-President of XPeng. "We will support continuous breakthroughs in AI technology and product research and development through stronger cash flow self-sustainability."
