2025-11-17 11:00Financial 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]