Xpeng Q1 Deliveries Surge 331% YoY, Aims for Profitability in Q4 2025
Earnings Call
21 May
Xpeng reported strong Q1 2025 results: - Deliveries reached 94,008 units, up 331% year-over-year - Revenue was 15.81 billion RMB, up 141.5% year-over-year - Gross margin improved to 15.6%, a record high - Vehicle margin rose to 10.5% - Net loss narrowed significantly - Free cash flow exceeded 3 billion RMB
Key updates: 1. AI development: Progressing on large-scale foundation models, Turing chips, and multi-modal in-vehicle AI 2. New product launches: 5 model upgrades in Q2, 2 new models in Q3 including G7 3. Overseas expansion: Entered UK and Indonesia markets, focusing on Europe, Middle East and Southeast Asia 4. Turing chip: Production starting in Q2, with 3-7x AI computing power vs industry standard 5. 2025 guidance: Q2 deliveries of 102,000-108,000 units, aiming for over 100% annual growth and profitability in Q4 Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.
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