Core Viewpoint - Xiaopeng Motors achieved record highs in key performance indicators for Q3, with revenue doubling year-on-year, gross margin exceeding 20%, and net loss significantly narrowing by nearly 80%. The company anticipates over 30% growth in both deliveries and revenue for Q4 [1]. Financial Performance - Q3 total revenue reached 20.38 billion yuan, a year-on-year increase of 101.8% [2][3] - Automotive sales revenue was 18.05 billion yuan, up 105.3% year-on-year [2][3] - Gross margin surpassed 20.1%, an increase of 4.8 percentage points year-on-year [2][3] - Automotive gross margin stood at 13.1%, a quarter-on-quarter decline of 1.2 percentage points [2][3] - Non-GAAP net loss was 150 million yuan, a significant reduction of 90.1% year-on-year [2][3] - Cash reserves amounted to 48.33 billion yuan, an increase of 760 million yuan quarter-on-quarter [2]. Business Progress - Q3 delivery volume reached 116,007 units, a year-on-year surge of 149.3% [4] - Revenue from services and technology R&D was 2.33 billion yuan, with a gross margin of 74.6%, becoming a major support for overall gross margin [4] - The sales network expanded to 690 stores, with 2,676 charging stations (including 1,623 supercharging stations) [4] - Q4 delivery guidance is set at 125,000 to 132,000 units, representing a year-on-year growth of 36.6% to 44.3% [4]. Strategic Transformation - The company has clearly shifted its focus to becoming a "global embodied intelligence company," betting on physical AI, Robotaxi, and humanoid robots [4] - Q3 R&D expenditure was 2.43 billion yuan, a year-on-year increase of 48.7% and a quarter-on-quarter increase of 10.1% [4] - Sales and management expenses were 2.49 billion yuan, up 52.6% year-on-year, with the expense ratio remaining high [4].

Exhibit 99.1 XPENG Reports Third Quarter 2025 Unaudited Financial Results GUANGZHOU, China, November 17, 2025 — 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 September 30, 2025. Operational and Financial Highlights for the Three Months Ended September 30, 2025 | | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 | 2024Q2 | | --- | --- | --- | --- | --- | --- ...

北京商报讯（记者 刘晓梦）11月17日，小鹏汽车发布财报显示，今年三季度营收达203.8亿元，同比增 长101.8%；毛利率达20.1%，同比提升4.8个百分点；汽车毛利率达13.1%，同比提升4.5个百分点；净亏 损为3.8亿元，去年同期为18.1亿元。 ...

Financial Performance - Total vehicle deliveries reached 116,007 in Q3 2025, a 149.3% increase from 46,533 in Q3 2024[2] - Quarterly total revenues were RMB20.38 billion (US$2.86 billion), representing a 101.8% year-over-year increase[7] - Gross margin for Q3 2025 was 20.1%, up 4.8 percentage points from 15.3% in Q3 2024[4] - Vehicle margin was 13.1% for Q3 2025, an increase of 4.5 percentage points from 8.6% in Q3 2024[12] - Net loss for Q3 2025 was RMB0.38 billion (US$0.05 billion), a significant reduction of 78.9% from RMB1.81 billion in Q3 2024[20] - Non-GAAP net loss was RMB0.15 billion (US$0.02 billion) for Q3 2025, down 90.1% from RMB1.53 billion in Q3 2024[21] - Revenues from vehicle sales were RMB18.05 billion (US$2.54 billion) for Q3 2025, a 105.3% increase from RMB8.80 billion in Q3 2024[8] - The Company reported total revenues of RMB20.4 billion (approximately US$2.9 billion) for Q3 2025, up from RMB18.3 billion in Q2 2025[40] - Vehicle sales for Q3 2025 reached RMB18.1 billion (approximately US$2.5 billion), compared to RMB16.9 billion in Q2 2025[40] - Gross profit for Q3 2025 was RMB4.1 billion (approximately US$576.5 million), reflecting an increase from RMB3.2 billion in Q2 2025[40] Operational Metrics - Cash and cash equivalents totaled RMB48.33 billion (US$6.79 billion) as of September 30, 2025, compared to RMB35.75 billion a year earlier[25] - Cash and cash equivalents as of September 30, 2025, were RMB17.5 billion (approximately US$2.5 billion)[35] - The Company incurred a loss from operations of RMB751 million (approximately US$105.5 million) in Q3 2025, an improvement from a loss of RMB934.6 million in Q2 2025[40] - XPENG's physical sales network expanded to 690 stores across 242 cities as of September 30, 2025[2] Future Projections - For Q4 2025, the Company expects vehicle deliveries between 125,000 and 132,000, a year-over-year increase of approximately 36.6% to 44.3%[26] - Total revenues are projected to be between RMB21.5 billion and RMB23.0 billion, representing a year-over-year increase of approximately 33.5% to 42.8%[26] Research and Development - Research and development expenses increased by 48.7% year-over-year to RMB2.43 billion (US$0.34 billion) in Q3 2025[14] - The Company is focused on developing in-house advanced driver-assistance systems and intelligent operating systems for its Smart EVs[30] Losses and Challenges - XPeng Inc. reported a net loss of RMB 1,807,720,000 for the three months ended September 30, 2025, compared to a net loss of RMB 477,754,000 in the previous quarter, representing a significant increase in losses[41] - The company's total comprehensive loss attributable to ordinary shareholders was RMB 2,092,063,000 for the same period, up from RMB 494,168,000 in the previous quarter[43] - Loss from operations was RMB 1,847,096,000, compared to RMB 934,649,000 in the previous quarter, indicating a worsening operational performance[44] - Non-GAAP net loss attributable to ordinary shareholders was RMB 1,531,572,000, compared to RMB 385,283,000 in the previous quarter, reflecting increased operational challenges[45] Shareholder Information - The weighted average number of ordinary shares used in computing net loss per ordinary share was approximately 1,893,857,778 for the quarter[43] - Basic and diluted net loss per ordinary share attributable to ordinary shareholders was RMB (0.95), compared to RMB (0.25) in the previous quarter[43] Other Financial Metrics - The company experienced a fair value loss on derivative liability relating to contingent consideration of RMB 162,185,000 during the quarter[44] - Share-based compensation expenses amounted to RMB 113,963,000, slightly down from RMB 126,475,000 in the previous quarter[44] - XPeng Inc. reported an investment loss on long-term investments of RMB (216,768,000) for the quarter, a significant decline from a gain of RMB 24,401,000 in the previous quarter[41] - The company recorded an exchange gain from foreign currency transactions of RMB 47,565,000, down from RMB 142,684,000 in the previous quarter[41]

Group 1 - The core viewpoint of the articles highlights Xiaopeng Motors' significant growth in revenue and vehicle deliveries in Q3, alongside a reduction in net losses [1][2] - In Q3, Xiaopeng Motors reported total revenue of 20.38 billion yuan, a year-on-year increase of 101.8%, and a net loss attributable to ordinary shareholders of 380 million yuan, narrowing by 79% [1] - The total delivery volume for Q3 reached 116,000 vehicles, representing a year-on-year growth of 149.3%, with a gross margin of 20.1%, up 4.8 percentage points year-on-year [1] Group 2 - For Q4 2025, Xiaopeng Motors anticipates vehicle deliveries between 125,000 and 132,000 units, an annual increase of approximately 36.6% to 44.3%, with total revenue projected between 21 billion and 23 billion yuan, reflecting a year-on-year increase of about 33.5% to 42.8% [2] - The company has recently launched several key applications, including the second-generation VLA model, Robotaxi, the new generation of IRON humanoid robots, and the flying car [2] - As of September 30, 2025, Xiaopeng Motors had a physical sales network of 690 stores and a self-operated charging station network comprising 2,676 stations [2] Group 3 - As of November 17, Xiaopeng Motors' stock price closed at 96 HKD per share, with a market capitalization of 183.34 billion HKD, and its US stock was down 3.92% to 24 USD per share in pre-market trading [3]

Core Insights - Xiaopeng Motors reported Q3 2025 revenue of 20.38 billion yuan, a year-on-year increase of 101.8% [2] - The quarterly gross margin was 20.1%, up 4.8 percentage points from the same period in 2024 [2] - The net loss attributable to shareholders was 380 million yuan, significantly reduced from a net loss of 1.81 billion yuan in the previous year [2] Delivery and Forecast - Total vehicle deliveries in Q3 2025 reached 116,007 units, a 149.3% increase compared to 46,533 units in Q3 2024 [2] - For Q4 2025, Xiaopeng Motors expects revenue between 21.5 billion and 23 billion yuan, representing a year-on-year increase of approximately 33.5% to 42.8% [2] - The projected delivery volume for Q4 is between 125,000 and 132,000 units, indicating a year-on-year increase of approximately 36.6% to 44.3% [2] Market Reaction - Following the earnings report, Xiaopeng Motors' stock fell over 4% in pre-market trading [2]

Core Insights - Xiaopeng Motors reported a record high total revenue of 20.38 billion yuan for Q3 2025, representing a year-on-year increase of 101.8% and a quarter-on-quarter increase of 11.5% [1] - The company achieved a net loss of 380 million yuan, significantly reduced from 1.81 billion yuan in the same quarter of 2024 and 480 million yuan in the previous quarter [1] - The gross margin reached a historical high of 20.1%, up 4.8 percentage points year-on-year, indicating progress towards profitability [1] - Total vehicle deliveries for Q3 2025 were 116,007 units, marking a year-on-year increase of 149.3% and a quarter-on-quarter increase of 12.4% [1] - As of the end of Q3, the company's cash and cash equivalents, restricted cash, short-term investments, and time deposits totaled 48.33 billion yuan, an increase of approximately 760 million yuan from the end of June, representing a historical high in cash reserves [1] Company Statements - The CEO of Xiaopeng Motors emphasized the rapid expansion of sales scale and market share, with a focus on achieving mass production of Robotaxi and humanoid robots [2] - The Vice Chairman highlighted the breakthrough in gross margin and the commitment to invest in physical AI research and development, aiming to create a strong product technology system and business ecosystem [2] - For Q4 2025, Xiaopeng Motors anticipates total vehicle deliveries between 125,000 and 132,000 units, representing a year-on-year increase of 36.6% to 44.3%, with total revenue expected to be between 21.5 billion and 23 billion yuan, an annual increase of approximately 33.5% to 42.8% [2]

Core Insights - Xiaopeng Motors reported a total vehicle delivery of 116,007 units in Q3 2025, representing a year-on-year increase of 149.3% [1] - The total revenue for the quarter reached RMB 20.38 billion, marking a year-on-year increase of 101.8% and a quarter-on-quarter increase of 11.5% [1] - The gross margin for the quarter was 20.1%, up 4.8 percentage points from the same period in 2024, while the automotive gross margin was 13.1%, an increase of 4.5 percentage points year-on-year [1] - The net loss narrowed to approximately RMB 380 million, a reduction of 78.9% year-on-year and 20.3% quarter-on-quarter [1] Revenue and Sales Performance - Automotive sales revenue for Q3 2025 was RMB 18.05 billion (USD 2.54 billion), reflecting a year-on-year increase of 105.3% and a quarter-on-quarter increase of 6.9% [1] - The growth in sales and revenue was primarily driven by the increase in delivery volumes of newly launched models [1] Management Commentary - The CEO of Xiaopeng Motors highlighted that key operational metrics, including sales volume, revenue, gross margin, and cash on hand, reached new highs in Q3 2025 [1] - The company is in the early stages of rapid expansion in sales scale and market share, with a focus on scaling production of Robotaxi and humanoid robots [1] - The Vice Chairman emphasized effective cost control and the potential for revenue release from technology R&D, leading to a gross margin surpassing 20% for the first time [1] Future Outlook - For Q4 2025, the company anticipates vehicle deliveries between 125,000 and 132,000 units, representing a year-on-year increase of approximately 36.6% to 44.3% [1] - Total revenue is expected to be between RMB 21.5 billion and RMB 23 billion, indicating a year-on-year increase of approximately 33.5% to 42.8% [1]

编辑 岳彩周 校对 柳宝庆 展望第四季度，小鹏汽车预计营收215亿元至230亿元，预计交付量在12.5万辆至13.2万辆之间。 小鹏汽车董事长及首席执行官何小鹏表示，小鹏销量规模和市场份额正处在高速扩张的早期阶段， Robotaxi和人形机器人正面向规模量产的目标加速前进。"我坚信小鹏汽车会成为面向全球的具身智能 公司。" 新京报贝壳财经讯（记者张冰）11月17日，小鹏汽车发布公告，2025年第三季度，营收为203.8亿元， 同比增长101.8%；净亏损为3.8亿元。 ...

Core Viewpoint - Xiaopeng Motors reported strong financial performance for the three months ending September 30, 2025, with significant improvements in key operational metrics, including delivery volume, revenue, and gross margin, while net losses narrowed substantially compared to the same period last year, indicating rapid business growth [2] Performance Metrics - In Q3 2025, Xiaopeng Motors achieved total deliveries of 116,007 vehicles, a remarkable increase of 149.3% compared to 46,533 vehicles in Q3 2024, demonstrating a leap in delivery scale [3][4] - Total revenue for Q3 2025 reached RMB 20.38 billion (approximately USD 2.86 billion), doubling from RMB 10.10 billion in Q3 2024, marking a year-on-year growth of 101.8% and a quarter-on-quarter increase of 11.5% [4][6] Profitability Improvement - The overall gross margin for Q3 2025 surpassed 20% for the first time, reaching 20.1%, an increase of 4.8 percentage points from 15.3% in Q3 2024; the automotive gross margin was 13.1%, up 4.5 percentage points from 8.6% in the same period [5][6] - Net loss for Q3 2025 was RMB 3.8 billion (approximately USD 0.5 billion), a significant reduction of 78.9% compared to RMB 18.1 billion in Q3 2024, and down 20.3% from RMB 4.8 billion in Q2 2025 [6] Financial Position - As of September 30, 2025, the company had cash and cash equivalents, restricted cash, short-term investments, and time deposits totaling RMB 483.3 billion (approximately USD 67.9 billion), providing a solid financial foundation for future business development [7] Business Development and R&D - By September 30, 2025, Xiaopeng Motors had expanded its physical sales network to 690 stores across 242 cities, and its self-operated charging station network grew to 2,676 stations, enhancing user experience [8] - R&D expenditure in Q3 2025 was RMB 24.3 billion (approximately USD 3.4 billion), a 48.7% increase from RMB 16.3 billion in Q3 2024, primarily aimed at expanding product offerings and developing new models and technologies [8] Positive Outlook for Q4 - For Q4 2025, Xiaopeng Motors anticipates vehicle deliveries between 125,000 and 132,000 units, representing a year-on-year growth of approximately 36.6% to 44.3%; total revenue is expected to range from RMB 215 billion to 230 billion, indicating a year-on-year growth of about 33.5% to 42.8% [9]