U.S.-listed shares of XPeng (XPEV) jumped on Wednesday after the Chinese electric vehicle maker delivered more vehicles and posted a smaller loss than expected for the first quarter.
The Chinese EV maker posted a sharply narrowed net loss and a significant rise in revenue for the first quarter, and expects another strong quarter to follow as it edges closer to profit.
Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.28 billion (US$6.24 billion) as of March 31, 2025 Quarterly total revenues were RMB15.81 billion, a 141.5% increase year-over-year Quarterly gross margin was 15.6%, an increase of 2.7 percentage points over the same period of 2024 Quarterly vehicle margin was 10.5%, an increase of 5.0 percentage points over the same period of 2024 GUANGZHOU, China, May 21, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its unaudited financial results for the three months ended March 31, 2025. Operational and Financial Highlights for the Three Months Ended March 31, 2025 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 Total deliveries 94,008 91,507 46,533 30,207 21,821 60,158 Total deliveries of vehicles were 94,008 for the first quarter of 2025, representing an increase of 330.8% from 21,821 in the corresponding period of 2024.
CEO He Xiaopeng: "P7 is more than a car - it is XPENG's answer for the AI era in form and function". Chief Designer Rafik Ferrag: "The original P7 was a milestone for XPENG and a turning point in China's EV landscape.
XPeng Inc. Sponsored ADR (XPEV) closed at $20.77 in the latest trading session, marking a -1.66% move from the prior day.
Since I last covered NIO and XPEV, but companies' gross profit margins have substantially recovered, now far surpassing their U.S. competitors such as Ford. U.S.-China tariff negotiations pose less downside risk for NIO and XPEV compared to U.S. auto stocks in my model. NIO and XPEV's reliance on imported parts is far lower than U.S. automobile manufacturers.
Chinese electric vehicle maker Xpeng Inc (NYSE:XPEV) is reported to be mulling a flotation of its flying car business in Hong Kong or New York. The Guangzhou group has invited banks to pitch for a role to help the Xpeng AeroHT initial public offer, Bloomberg reported, citing people familiar with the matter.
The latest trading day saw XPeng Inc. Sponsored ADR (XPEV) settling at $19.74, representing a -1% change from its previous close.
- Earnings Call Scheduled for 8:00 a.m. ET on May 21, 2025 - GUANGZHOU, China, May 06, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that it will report its first quarter 2025 unaudited financial results on Wednesday, May 21, 2025, before the open of U.S. markets.
Chinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering more than 30,000 vehicles for the sixth consecutive month. Leapmotor surpassed the 40,000-unit mark and delivered 41,039 vehicles.
Chinese electric-vehicle makers XPeng, NIO, and Li Auto delivered 92,884 vehicles in April, up 83% year over year.
Delivers 35,045 units in April, up 273% YoY 30,000+ vehicles delivered monthly for six consecutive months GUANGZHOU, China, May 01, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for April 2025. In April, XPENG delivered 35,045 Smart EVs, marking a 273% increase year-over-year, surpassing 30,000 units for the six consecutive month.