XPENG officially entered the Polish car market.The Chinese leader in smart electric vehicles unveiled 3 models: the intelligent flagship SUV XPENG G9, the ultra smart coupe-SUV XPENG G6, and the stylish XPENG P7.Inchcape, a global leader in vehicle distribution, is responsible for the import and distribution of XPENG vehicles in Poland. WARSAW, Poland, April 07, 2025 (GLOBE NEWSWIRE) -- XPENG, a leading Chinese born high-tech and automotive company, has officially entered the Polish market with an exciting ...

In March, XPENG delivered 33,205 Smart EVs, marking a 268% increase year-over-year, surpassing 30,000 units for the fifth consecutive month. For the first quarter of 2025, XPENG delivered 94,008 Smart EVs, representing a 331% increase compared to the same period last year. On March 13, 2025, at its Spring 2025 Launch conference, XPENG launched 2025 versions of the XPENG G6 and XPENG G9. Both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims. G ...

Core Viewpoint - XPeng, a Chinese electric vehicle maker, acknowledges the significant economic impact of EU tariffs on Chinese EVs but remains committed to expanding in European markets [2][3]. Group 1: EU Tariffs and Market Strategy - The European Union has imposed tariffs of up to 35.3% on imports of Chinese electric cars, citing unfair subsidies as the reason [2]. - Despite the tariffs, XPeng's vice chairman Brian Gu stated that the company will continue to pursue opportunities in Europe, emphasizing the importance of the market [3]. - Gu mentioned that establishing a local presence is a strategy to mitigate the effects of tariffs and protectionism [3]. Group 2: Global Expansion Plans - XPeng aims to double its presence to 60 countries and regions in 2025, reflecting a broader trend of globalization among Chinese EV manufacturers [3]. - The company recently opened its second flagship store in Hong Kong, indicating its commitment to expanding its footprint in international markets [1][5]. Group 3: Technological Advancements - The competition among Chinese EV manufacturers is intensifying, particularly in self-driving technology, with advancements in AI and chip technology driving rapid progress [5]. - Gu indicated that Level 4 (L4) autonomous vehicles could enter mass production as early as next year, showcasing the company's focus on innovation [5]. Group 4: Competitive Landscape - XPeng faces stiff competition in Hong Kong from both local Chinese brands and established players like Tesla, with nearly 500 XPeng vehicles registered in the region last year [6]. - The company plans to introduce its luxury seven-seater X9 model to the Hong Kong market, aiming to enhance its competitive position [7].

Core Insights - XPeng reported a narrower loss of 19 cents per share in Q4 2024 compared to a loss of 21 cents in the same quarter last year, with revenues increasing to $2.21 billion from $1.84 billion, driven by a 52.1% year-over-year increase in vehicle deliveries [1][2] Financial Performance - Vehicle deliveries reached 91,507 units in Q4 2024, with vehicle sales revenues at $2.01 billion, marking a 20% increase year-over-year [2][3] - Gross margin from vehicle sales improved to 10% in Q4 2024 from 4.1% in Q4 2023, while revenues from services and others were $200 million, up 74.4% year-over-year, with a gross margin of 59.6% compared to 38.2% in the prior-year quarter [3] - Total gross margin for Q4 2024 was 14.4%, up from 6.2% in the same quarter of the previous year [3] Expenses and Cash Position - Research and development expenses rose by 53.4% year-over-year to $270 million, while selling, general, and administrative expenses increased by 17.5% to $310 million [4] - As of December 31, 2024, cash and cash equivalents were RMB18.59 billion, down from RMB21.13 billion a year earlier, with long-term borrowings slightly increasing to RMB5.67 billion [4] Q1 2025 Outlook - For Q1 2025, XPeng anticipates vehicle deliveries between 91,000 and 93,000, indicating a year-over-year increase of 317-326.2%, with total revenues expected to be between $2.07 billion and $2.17 billion, reflecting a year-over-year growth of 129.1-139.8% [5]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook based on the anticipated sales and margin improvements driven by strong vehicle cycles and ongoing collaborations with major partners [4]. Core Insights - The company reported a strong overall performance for the year, with a revenue increase of 33.2% year-on-year to 40.87 billion RMB, although slightly below the expected 44.59 billion RMB. The gross margin improved by 12.8 percentage points to 14.3%, and the Non-GAAP net loss narrowed by 41.2% to 5.55 billion RMB, compared to the expected 4.78 billion RMB [1][4]. - In Q4 2024, total revenue reached 16.11 billion RMB, reflecting a year-on-year increase of 23.4% and a quarter-on-quarter increase of 59.4%. The gross margin for this quarter was 14.4%, with a Non-GAAP net loss of 1.39 billion RMB, down 21.5% year-on-year [1][2]. Summary by Sections Financial Performance - For 2024, the company achieved total revenue of 40.87 billion RMB, with a gross margin of 14.3% and a Non-GAAP net loss of 5.55 billion RMB. Q4 2024 revenue was 16.11 billion RMB, with a gross margin of 14.4% [1][2][4]. - The company expects Q1 2025 deliveries to be approximately 91,000 to 93,000 units, indicating a strong start to the year [2]. Product and Market Strategy - The company is set to launch a robust product lineup in 2025, including models like Mona M03, G6, G9, P7+, G7, and X9. The introduction of new electric and hybrid products in the second half of 2025 is anticipated to drive growth [3]. - The company has established a presence in over 30 countries and aims to double its overseas sales and dealer network in 2025, leveraging its new overseas R&D center to enhance AI driving capabilities [3]. Future Outlook - The report projects a turning point in profitability for 2025, with expected Non-GAAP net profits of approximately 248 million RMB, followed by 7.78 billion RMB in 2026 and 11.39 billion RMB in 2027 [4][5]. - The company is expected to benefit from its strong vehicle cycle and the integration of AI technology, which is anticipated to enhance sales and valuation [4].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook based on the anticipated sales and margin improvements driven by strong vehicle cycles and ongoing collaborations with major partners [4]. Core Insights - The company reported a strong overall performance for the year 2024, with revenue increasing by 33.2% year-on-year to 40.87 billion RMB, although slightly below the expected 44.59 billion RMB. The gross margin improved by 12.8 percentage points to 14.3%, and the Non-GAAP net loss narrowed by 41.2% to 5.55 billion RMB, compared to the expected 4.78 billion RMB [1][4]. - In Q4 2024, total revenue rose by 23.4% year-on-year and 59.4% quarter-on-quarter to 16.11 billion RMB, with a gross margin of 14.4%. The Non-GAAP net loss for the quarter was 1.39 billion RMB, a decrease of 21.5% year-on-year [1][2]. Summary by Sections Financial Performance - For Q4 2024, the company achieved a revenue of 14.67 billion RMB, reflecting a 20.0% year-on-year increase and a 66.8% quarter-on-quarter increase. The average selling price (ASP) decreased by 21.1% year-on-year to 160,000 RMB, while the delivery volume increased by 52% year-on-year to 92,000 units [2]. - The company’s cash reserves increased, with cash and cash equivalents totaling approximately 41.96 billion RMB as of Q4 2024 [2]. Future Outlook - The company is expected to reach a profitability inflection point in 2025, with a strong product lineup including models like Mona M03, G6, G9, P7+, G7, and X9. The second half of 2025 is anticipated to see the delivery of multiple electric and hybrid models [3]. - The report highlights three growth curves for the company: intelligent driving, globalization, and humanoid robots. The company has validated its technology and commercialization capabilities in the intelligent driving market and plans to expand its overseas sales and dealer network significantly [3]. Profitability Forecast - The revised profit forecasts for 2025 and 2026 are Non-GAAP net profits of approximately 250 million RMB and 7.78 billion RMB, respectively, down from previous estimates of 5.36 billion RMB and 11.53 billion RMB [4]. - The company is projected to achieve a Non-GAAP net profit of approximately 11.39 billion RMB by 2027 [4].

Financial Data and Key Metrics Changes - Total revenues for Q4 2024 were RMB 16.11 billion, an increase of 23.4% year-over-year and 59.4% quarter-over-quarter [36] - Vehicle sales revenues were RMB 14.67 billion, up 20% year-over-year and 66.8% quarter-over-quarter, primarily due to higher deliveries [36] - Gross margin improved to 14.4% from 6.2% year-over-year and 15.3% quarter-over-quarter, while vehicle margin reached 10% compared to 4.1% year-over-year and 8.6% quarter-over-quarter [38] - Net loss for Q4 2024 was RMB 1.33 billion, slightly improved from RMB 1.35 billion year-over-year and RMB 1.81 billion quarter-over-quarter [40] Business Line Data and Key Metrics Changes - Revenues from services and others were RMB 1.43 billion, representing a 74.4% year-over-year increase and a 9.7% quarter-over-quarter increase, driven by technical R&D services related to Volkswagen [37] - R&D expenses increased to RMB 2.01 billion, up 53.4% year-over-year and 22.9% quarter-over-quarter, due to higher expenses for new vehicle model development [38] - SG&A expenses were RMB 2.28 billion, reflecting a 17.5% year-over-year increase and a 39.3% quarter-over-quarter increase, mainly due to higher commissions paid to franchise stores [39] Market Data and Key Metrics Changes - XPeng's overseas vehicle sales exceeded 20,000 units in 2024, ranking first in export volume among China's emerging EV brands [28] - The company plans to double its international sales and establish over 300 sales and service stores worldwide by the end of 2025 [29] Company Strategy and Development Direction - The company aims to transition from vehicle electrification to an AI-driven era, with a focus on AI-powered vehicles and humanoid robots [15][32] - XPeng plans to mass-produce its self-developed Turing chip in 2025, enhancing its AI capabilities across various applications [16] - The company is committed to launching new models or updated versions every quarter starting in 2025, all equipped with the latest AI technologies [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving significant growth, forecasting total deliveries for Q1 2025 to be between 91,000 and 93,000 units, reflecting a year-over-year increase of 317% to 326.2% [34] - The penetration rate of Advanced Urban Smart Driving among new car buyers in China is expected to exceed 10% starting in 2025, marking a turning point in demand for smart driving [19] - Management believes that AI will evolve into a crucial part of social infrastructure, with a vision of driverless vehicles and humanoid robots integrated into daily life [31][32] Other Important Information - The company reported cash and cash equivalents totaling RMB 42 billion as of December 31, 2024 [40] - XPeng's design center in Shanghai is now operational, focusing on integrating art and technology [26] Q&A Session Summary Question: Autonomous driving and competition - Management noted that advancements in smart driving technology will lead to wider adoption and create gaps between leaders and laggards in the industry [44][49] Question: Non-vehicle applications and R&D expenses - Management confirmed that synergies across AI investments will be explored, with expectations of value contributions from non-vehicle products by 2026 [56][60] Question: Turing chip and AI capabilities - The Turing chip is expected to enhance AI capabilities significantly, allowing for better customization and performance improvements [68] Question: Humanoid robot development - Management acknowledged the challenges in humanoid robot production but expressed confidence in progress, aiming for mass production by 2026 [74][77] Question: Overseas market expansion - The company is actively expanding its international presence, with plans for local manufacturing solutions and increased sales outlets [96] Question: Future goals for autonomous driving - Management discussed the goal of achieving L3 capability and the importance of data collection for improving ADAS performance [105][107]

Core Insights - XPeng Inc. reported significant growth in vehicle deliveries and revenues for the fourth quarter and fiscal year ended December 31, 2024, indicating a strong performance in the smart electric vehicle market [1][2][28]. Financial Performance - Total deliveries for Q4 2024 reached 91,507, a 52.1% increase from 60,158 in Q4 2023 [3]. - Quarterly total revenues were RMB 16.11 billion (US$ 2.21 billion), representing a 23.4% increase year-over-year and a 59.4% increase quarter-over-quarter [10]. - Full year revenues for 2024 were RMB 40.87 billion (US$ 5.60 billion), a 33.2% increase from RMB 30.68 billion in 2023 [28]. - Vehicle sales revenues for Q4 2024 were RMB 14.67 billion (US$ 2.01 billion), up 20.0% year-over-year and 66.8% quarter-over-quarter [11]. - Full year vehicle deliveries totaled 190,068, marking a 34.2% increase year-over-year [2]. Profitability Metrics - Quarterly gross margin improved to 14.4%, an increase of 8.2 percentage points from the same period in 2023 [2]. - Vehicle margin for Q4 2024 was 10.0%, up from 4.1% in Q4 2023 [14]. - Full year gross margin for 2024 was 14.3%, a significant increase from 1.5% in the prior year [30]. Operational Highlights - As of December 31, 2024, XPeng operated 690 stores across 226 cities and had a charging station network of 1,920 stations [3]. - Research and development expenses for Q4 2024 were RMB 2.01 billion (US$ 0.27 billion), reflecting a 53.4% increase year-over-year [16]. Future Outlook - For Q1 2025, the company expects vehicle deliveries to be between 91,000 and 93,000, representing a year-over-year increase of approximately 317.0% to 326.2% [40]. - Total revenues for Q1 2025 are projected to be between RMB 15.0 billion and RMB 15.7 billion, indicating a year-over-year increase of approximately 129.1% to 139.8% [41].

Group 1 - XPeng Inc. has never achieved a positive net income since its inception [1] - The stock price of XPeng Inc. has significantly increased from 2025 until March 10, 2025 [1] Group 2 - The company operates as a "pure play" electric vehicle manufacturer [1] - XPeng Inc. is listed on the New York Stock Exchange under the ticker symbol XPEV [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: XPeng Inc. (XPEV) - XPeng Inc. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, XPEV shares have increased by 16.79%, significantly outperforming the Zacks Automotive - Foreign industry, which rose by only 0.14% [5] - In a longer timeframe, XPEV shares have risen by 19.01% over the past month, compared to the industry's 2.22% [5] - Over the last quarter, XPEV shares have surged by 53.76%, and over the past year, they have gained 120.98%, while the S&P 500 has seen a decline of 4.73% and a modest increase of 14.1% respectively [6] Trading Volume - The average 20-day trading volume for XPEV is 12,332,183 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - Recent earnings estimate revisions show one upward revision and one downward revision for the current fiscal year, leading to a consensus estimate increase from -$0.97 to -$0.96 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions, indicating positive sentiment [9] Conclusion - Considering the strong momentum indicators and positive earnings outlook, XPEV is identified as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]