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Dec 31, 2024
XPeng Q4 2024 Earnings Report
XPeng reported its Q4 2024 earnings with substantial revenue growth and improved margins, despite continuing to report a net loss.
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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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