XPeng Earnings Reports

XPeng delivered a record number of vehicles in Q1 2025 and significantly reduced its net loss. Revenues surpassed $2.1B, driven by robust demand and operational efficiencies. Margins improved, reflecting cost reductions and economies of scale.

XPeng delivered strong Q4 2024 results, achieving $2.21 billion in total revenue, a 23.4% year-over-year increase. Vehicle margins improved significantly to 10%, with a total gross margin of 14.4%. The company reported a net loss of $182.21 million, and a non-GAAP net loss of $190.56 million, both narrowing compared to the prior year.