XPENG-W achieved historical best levels in various core business and financial indicators in the second quarter, with a net loss attributable to ordinary shareholders of 480 million yuan, narrowing by 62.8% year-on-year

Zhitong
2025.08.19 09:10
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XPENG-W announced its financial performance for the second quarter of 2025, with vehicle deliveries reaching 103,181 units, a year-on-year increase of 241.6%. Automotive sales revenue was 16.88 billion yuan, a year-on-year increase of 147.6%. The net loss was 480 million yuan, narrowing by 62.8% year-on-year. The gross margin was 17.3%, setting a new historical high. It is expected that vehicle deliveries for the third quarter of 2025 will be between 113,000 and 118,000 units, with total revenue projected to be between 19.6 billion yuan and 21 billion yuan

According to the Zhitong Finance APP, XPeng-W (09868) announced its unaudited financial performance for the second quarter of 2025, with total vehicle deliveries reaching 103,181 units, an increase of 241.6% year-on-year. Vehicle sales revenue was RMB 16.88 billion (USD 2.36 billion), up 147.6% compared to the same period in 2024, and up 17.5% quarter-on-quarter. Total revenue was RMB 18.27 billion, an annual increase of 125.3%, and a quarter-on-quarter increase of 15.6%. The gross margin was 17.3%, an increase of 3.3 percentage points compared to the same period in 2024. The net loss attributable to ordinary shareholders was RMB 480 million, narrowing by 62.8% year-on-year and 28.1% quarter-on-quarter.

"In the second quarter of 2025, XPeng's core business and financial indicators, including sales volume, revenue, gross margin, and cash on hand, all reached historical best levels," said Mr. He Xiaopeng, Chairman and CEO of XPeng. "We have fully completed the upgrade of the new generation technology platform for intelligence and electrification in 2025, creating a significant technological gap with our competitors. This will generate stronger momentum for our product cycle and accelerate scale growth."

"Faced with fierce price competition in the industry, we adhere to a long-term perspective for steady and sustainable development, with rapid improvements in operational quality and continuous improvement in automotive gross margin for eight consecutive quarters. In the second quarter, the automotive gross margin increased by 3.8 percentage points quarter-on-quarter to 14.3%, and the company's gross margin rose to 17.3%, setting a new historical high," said Dr. Gu Hongdi, Vice Chairman and Co-President of XPeng. "We are confident that we can not only accelerate scale growth but also continuously improve the company's profitability, supporting our R&D to maintain industry leadership and continuously break through technological limits."

For the third quarter of 2025, the company expects vehicle deliveries to be between 113,000 and 118,000 units, an annual increase of approximately 142.8% to 153.6%. Total revenue is expected to be between RMB 19.6 billion and RMB 21 billion, an annual increase of approximately 94.0% to 107.9%

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