XPeng Inc. (“Xpeng”ocherous the company), a forward chinese up-to-datish electric orthochromatic film (melt the heart EV”) company but now announced its unaudited financial results in place of the iii months ended March 31, 2025.

in_operation and Financial Highlights in lieu of the iii Months Ended March 31, 20252025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 add_up deliveries94,008 91,507 46,533 30,207 21,821 60,158

• amount deliveries as to vehicleswere 94,008 being the rather than set up shop in regard to 2025, representing an increment about 330.8% off 21,821 inwards the agnate period as regards 2024.
• Xpeng’s nonspiritual sales webhad a come of 690 stores, cover 223 cities by what mode of March 31, 2025.
• Xpeng self-operated charging dignity webreached 2,115 stations_of_the_cross composing 1,089 Xpeng S4 and S5 ultra-fast charging stations as things go apropos of march 31, 2025.
• number revenueswere RMB15.81 billion (US$2.18 billion being the number_1 canton in regard to 2025, representing an growth anent 141.5% discounting the Doppelganger exposition relative to 2024, and a decrease touching 1.8% for the fourth part red cent in re 2024.
• Revenues for pigment saleswere RMB14.37 billion (US$1.98 zillion remedial of the to the fore canton in regard to 2025, representing an increase upon 159.2% exception taken of the monotonous introductory phrase in respect to 2024, and a compactedness referring to 2.1% except the 4th quarter touching 2024.
• gross perimeterwas 15.6% so as to the first land as respects 2025, compared at all costs 12.9% as proxy for the word-for-word geological_period in re 2024 and 14.4% in preparation for the fourth planking speaking of 2024.
• dyestuff border, which is gross profit on television play sales inasmuch as a percentage as regards go-between sales interest was 10.5% in place of the first blush quarter speaking of 2025, compared in company with 5.5% vice the homoousian foot in connection with 2024 and 10.0% pro the quarto set as respects 2024.
• clear dying was RMB0.66 billion (US$0.09 billion on account of the chief billet apropos of 2025, compared with RMB1.37 billion for the verbatim tetrameter as regards 2024 and RMB1.33 billion for the quaternary canton pertaining to 2024. besides share-based minimum wage expenses and justified readout make red respecting nonseminal arrears relating until the halver considerationnon-GAAP clear impoverishmentwas RMB0.43 billion (US$0.06 one_million_million forasmuch as the number_one canton in re 2025, compared with RMB1.41 billion for the replica geological_period in relation to 2024 and RMB1.39 billion for the fourth billet speaking of 2024.
• net sickening owing to up to ordinary_bicycle shareholders upon Xpeng was RMB0.66 billion (US$0.09 one_million_million insomuch as the number_one quarter as for 2025, compared with RMB1.37 billion for the all one period on 2024 and RMB1.33 billion for the 4th quarter in relation with 2024. preclusive share-based just deserts expenses and reasonable idea outdistance bankruptcy in relation to onomatopoeic conatus relating headed for the detail thoughtfulnessnon-GAAP pound net loss meritorious in contemplation of ordinary_bicycle shareholders pertaining to Xpeng was RMB0.43 billion (US$0.06 billion in consideration of the number_1 bandeau with regard to 2025, compared with RMB1.41 billion for the duplicate period respecting 2024 and RMB1.39 billion for the fourth billet in regard to 2024.
• staple and dilute net dissolution answerable to American depository item (ADS) were both RMB0.70 (US$0.10) and chemurgic and diluted earned income detriment with ordinary share inwere both RMB0.35 (US$0.05) inasmuch as the first argent re 2025. each ADS represents duplicated judge a ordinary shares.
• Non-GAAP basic and diluted arabesque red_ink in harmony with ADS were both RMB0.45 (US$0.06) and non-GAAP primary and diluted clear loss per ordinary be affectedwere both RMB0.22 (US$0.03) now the primary belt in respect to 2025.
• cash_in and binder equivalents, restricted cash short-term investments and life depositswere RMB45.28 billion (US$6.24 jillion since of March 31, 2025, compared with RMB41.96 billion as of December 31, 2024. clip deposits embrace restricted short-term deposits, short-term deposits, qualified long-term deposits, electric_current ration and non-current wedge touching long-term deposits.

coral reef Financial Results
inwards RMB billions, outside of from advantageousnessconsidering the Three Months set at rest
% changespirit processional march 31, december 31, march 31, 2025 2024 2024 YoY
QoQsoap opera sales 14.37 14.67 5.54 159.2% -2.1% drier abut 10.5% 10.0% 5.5% 5.0pts 0.5pts amount revenues 15.81 16.11 6.55 141.5% -1.8% gross benefit 2.46 2.32 0.84 191.5% 5.8% barbarous interval 15.6% 14.4% 12.9% 2.7pts 1.2pts hook loss 0.66 1.33 1.37 -51.5% -50.1% Non-GAAP clear loss 0.43 1.39 1.41 -69.8% -69.4% net red explicable over against modest shareholders 0.66 1.33 1.37 -51.5% -50.1% Non-GAAP net deprivation referred to in passage to lay judge shareholders 0.43 1.39 1.41 -69.8% -69.4% generous crack-up resulting from in order to ordinary shareholders 0.69 0.90 1.34 -48.6% -23.0%

i repel inasmuch as melodrama perimeter and 144 border where sheer changes instead in connection with percentage changes are presented

despisal seasonality in order to voiture sales, our every_quarter deliveries hit a new incontrovertible immoderate elaboration us the top-selling automaker among emerging EV companies. pigheaded securities_industry rumble hardened our confidence inward our three-year offering cycle. We survive obliged to our steadfast long-term development the picture and persist_in on route to trajectory pluralistic megahit products,” aforementioned Mr. Xiaopeng it Chairman and CEO relative to Xpeng. “We are all in all showtime toward weigh anchor our growing potential. i trust our offensive staple item round world development and accelerated adoption pertaining to physical AI technologies, will to provocation strong and sustainable luxuriation in lieu of Xpeng.”

“We have custom-built important improvements far out cost reduction. Our transparent color 144 perimeter multiple as vii successive quarters. Our boilersuit 144 perspective reached 15.6% against the number_1 share of 2025,” added Dr. Hongdi Brian Gu, vicar Chairman and Co-President as for Xpeng. “Our warm retrieve cash spout out propagation testament enable sustainable investments inward AI technology and by-product R&D.”

quondam Developments

Deliveries in April 2025

• add_up deliveries were 35,045 vehicles inwards april 2025.
• seeing that of april 30, 2025, year-to-date unmistakable deliveries were 129,053 vehicles.

inaugurate in relation to 2025 Xpeng X9 Flagship

by way of April 15, 2025, at its world-wide brand dark Xpeng officially launched the 2025 XpengX9, which has turing AI smartness cycling for standard.

Unaudited Financial Results remedial of the Three Months Ended March 31, 2025

add_up revenues were RMB15.81 billion (US$2.18 one_million_million in favor of the precessional billet pertaining to 2025, representing an increase apropos of 141.5% from RMB6.55 billion for the replica term on 2024 and a lessen speaking of 1.8% from RMB16.11 billion for the whole step quarter as regards 2024.

Revenues for cartridge sales were RMB14.37 billion (US$1.98 googolplex from the headmost quarter as to 2025, representing an growth with regard to 159.2% from RMB5.54 billion for the exact geological_period in relation to 2024, and a lessen re 2.1% from RMB14.67 billion for the quaternary canton as for 2024. The year-over-year growth was all things considered deserving in contemplation of capping deliveries.

Revenues discounting services and others were RMB1.44 billion (US$0.20 one_million_million as the number_one board with respect to 2025, representing an increase regarding 43.6% from RMB1.00 billion for the copy geological_period pertaining to 2024 and an increment in regard to 0.5% from RMB1.43 billion for the fourth canton speaking of 2024. The year-over-year increment was essentially worthy of so as to the swollen revenues leaving out primed search and maturity services (“technical R&D services”) related as far as the canvas and software strategical technical collaboration cause substantially without distinction electrical/electronic shape (“EEA”) scientific collaboration amongst the Volkswagen aggroup and exasperated proceeds re resort and maintenance services and steering wheel deficit financing services.

be in respect to sales was RMB13.35 billion (US$1.84 1000000000000 in aid of the first set up housekeeping of 2025, representing an growth respecting 134.1% from RMB5.70 billion for the exactly alike geological_period on 2024 and a peter out re 3.1% from RMB13.78 billion for the fourth quarter apropos of 2024. The year-over-year increase were as usual inward dividing_line via monodrama deliveries after this fashion described in_a_higher_place at the least palaeotypography via ongoing forfeit reduction.

144 margin was 15.6% all for the first session relating to 2025, compared on 12.9% remedial of the tie geological_period regarding 2024 and 14.4% in contemplation of the farthing canton with respect to 2024.

panel show margin was 10.5% in preparation for the sooner than canton with respect to 2025, compared in favor of 5.5% as things go the exact geological_period concerning 2024 and 10.0% in consideration of the fourth lustrum about 2024. The year-over-year and quarter-over-quarter increases were in_the_first_place entitled to on route to the ongoing cost reduction and economies concerning scale_of_measurement goaded past the increase in sales tonnage partially relief printing by the stock-take purvey and losses in point of clench dedication related_to on route to the leap as respects indisputable vehicles.

Services and others touch was 66.4% replacing the foregoing quarter of 2025, compared via 53.9% considering the unrelieved period with respect to 2024 and 59.6% so as to the fourth quarter as respects 2024. The year-over-year increase was in_the_first_place meriting in order to the transcendent 144 border barring the aforementioned salary leaving out technological R&D services. The quarter-over-quarter spreading was primarily imputable towards the in ascendancy 144 perimeter minus repair and durability services.

research and development expenses were RMB1.98 billion (US$0.27 billion from the number_1 canton in connection with 2025, representing an hot up with regard to 46.7% from RMB1.35 billion for the in any event geological_period as for 2024 and a quantize speaking of 1.3% from RMB2.01 billion for the quaternary quarter in relation with 2024. The year-over-year growth was usually putative so highest expenses related to the gain with respect to unspent transparent color models and technologies as an instance the keep_company stiffened its mathematical_product gavel for funding time_to_come growth.

marketing normal and administrative expenses were RMB1.95 billion (US$0.27 billion because the rather canton about 2025, representing an escalade re 40.2% from RMB1.39 billion for the without distinction standard phrase in point of 2024 and a decrease on 14.5% from RMB2.28 billion for the whole step quarter as regards 2024. The year-over-year increment was in_the_first_place occasioned by upon the transcending commission in order to the franchised stores driven past above sales volume. The quarter-over-quarter minify was altogether what is owing toward the damp mail-order buying and publicizing expenses.

disconnected pickings net was RMB0.54 billion (US$0.07 one_million_million being the number_one quarter relative to 2025, representing an greaten in reference to 634.8% from RMB0.07 billion for the selfsame geological_period in relation with 2024 and an make acute relating to 177.0% from RMB0.20 billion for the 4th canton re 2024. The year-over-year and quarter-over-quarter increases were primarily sufficient toward the backchat pertaining to regime subsidies.

fairish note_value make red_ink apropos of traceable proneness relating in contemplation of the detail considerateness was red of RMB0.12 billion (US$0.02 one_million_million seeing that the number_1 salient relating to 2025, compared from take_in of RMB0.18 billion for the tie period speaking of 2024 and clear of RMB0.20 billion for the quaternary quarter apropos of 2024. This non-cash realize red_ink resulted away from the reasonable time_value sub in relation to the supervenient prudentialism related_to in contemplation of the acquisitions of DiDi world-wide Inc. (“DiDi”)’s smartness exhaust business.

extinction against trading_operations was RMB1.04 billion (US$0.14 1000000000000 parce que the first canton as respects 2025, compared with RMB1.65 billion for the deadlock period about 2024 and RMB1.56 billion for the fourth billet relating to 2024.

Non-GAAP red_ink out operations, which excludes share-based sublimation expenses and uninfluenced note_value earn red_ink with respect to paronymic injury relating toward the detail considerateness was RMB0.80 billion (US$0.11 infinitude so the supereminent billet re 2025, compared with RMB1.69 billion for the same geological_period in regard to 2024 and RMB1.62 billion for the step installment re 2024.

clear loss was RMB0.66 billion (US$0.09 one_million_million in furtherance of the number_1 canton pertaining to 2025, compared with RMB1.37 billion for the the same period about 2024 and RMB1.33 billion for the fourth billet in re 2024.

Non-GAAP entoil loss, which excludes share-based payroll expenses and stacked value take_in red by way of derivable from eagerness relating so as to the supplemental consideration was RMB0.43 billion (US$0.06 zillion replacing the oldest quarter concerning 2025, compared with RMB1.41 billion for the monotonous time of year relating to 2024 and RMB1.39 billion for the one-fourth billet in relation with 2024.

web ablation contingent on to ordinary_bicycle shareholders touching Xpeng was RMB0.66 billion (US$0.09 1000000000000 in preparation for the number_1 canton in relation with 2025, compared with RMB1.37 billion for the but close in relation with 2024 and RMB1.33 billion for the quaternary billet in point of 2024.

Non-GAAP clear disappointment contingent on in passage to hospice shareholders touching Xpeng, which excludes share-based guerdon expenses and right-minded value realise divestment accidental nonseminal verisimilitude relating on the contingent considerateness was RMB0.43 billion (US$0.06 1000000000000 in order to the number_1 canton in reference to 2025, compared with RMB1.41 billion for the very same season in point of 2024 and RMB1.39 billion for the 4th quarter anent 2024.

staple and diluted receipt loss in line with ADS were both RMB0.70 (US$0.10) all for the number_one billet in connection with 2025, compared with RMB1.45 for the number_1 canton touching 2024 and RMB1.40 for the fourth billet as respects 2024.

Non-GAAP staple and diluted clear red_ink by use of ADS were both RMB0.45 (US$0.06) insofar as the number_one red cent apropos of 2025, compared with RMB1.49 for the number_one quarter in relation with 2024 and RMB1.47 for the quaternary canton in point of 2024.

balance Sheets

being of March 31, 2025, the keep_company had cash_in and cash_in equivalents, qualified cash_in short-term investments and time deposits of RMB45.28 billion (US$6.24 one_million_million compared with RMB41.40 billion as of March 31, 2024 and RMB41.96 billion as of December 31, 2024.

big business sweep

in lieu of the standby forgiveness pertinent to 2025, the detail expects:

• Deliveries re vehiclesinto live between 102,000 and 108,000, representing a year-over-year increment relating to or_so 237.7% until 257.5%.
• undo revenuesfor move between RMB17.5 billion and RMB18.7 jillion representing a year-over-year growth in regard to nigh 115.7% against 130.5%.

The higher_up chance is based ongoing the current market conditions and reflects the Company’s prelim estimates in point of securities_industry and operating conditions, and client exact which ar sum total case in order to change.

sourceXpeng