XPeng Q4 2024 Earnings Report
Key Takeaways
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.
Total revenue rose to $2.21 billion, up 23.4% YoY.
Vehicle margin improved to 10%, from 4.1% YoY.
Net loss narrowed to $182.21 million from $184.9 million YoY.
Cash and cash equivalents stood at $5.75 billion at quarter-end.
XPeng
XPeng
XPeng Revenue by Segment
Forward Guidance
XPeng anticipates strong growth in Q1 2025 with significant increases in deliveries and revenue, supported by new product launches and strategic collaborations.
Positive Outlook
- Q1 2025 vehicle deliveries expected between 91,000 and 93,000 units.
- Revenue projected between RMB15.0 billion and RMB15.7 billion.
- Continued improvement in vehicle gross margins.
- Enhanced cash position supports growth.
- Strategic collaboration with Volkswagen for super-fast charging network.
Challenges Ahead
- Ongoing net losses despite revenue growth.
- Macroeconomic challenges in China’s EV market.
- Potential pressure on R&D expenses with new product launches.
- Competitive pricing environment may impact margins.
- Volatility in subsidies and regulatory policies could affect financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income