小鹏的下一步，把车卖贵

Group 1 - The core viewpoint of the article highlights that XPeng Motors achieved record-high delivery volumes and gross margins in Q1 2025, but it still reported a net loss of 660 million yuan, although this loss has significantly narrowed compared to previous quarters [2][3][11] - XPeng's gross margin reached 15.6%, with automotive gross margin at 10.5%, marking seven consecutive quarters of growth [2][3] - The collaboration with Volkswagen is seen as a long-term revenue source for XPeng, with service and other income exceeding 1.4 billion yuan, primarily from technology development services [5][6] Group 2 - The partnership with Volkswagen is expected to provide stable income for XPeng, especially with the upcoming ID.EVO model, which is based on XPeng's G9 platform [6][8] - XPeng's strategy includes maintaining a price differentiation between its models and Volkswagen's, ensuring that the G9 and ID.EVO do not directly compete in the same price range [8][10] - The company aims to regain its market position by launching new models like the G7 and the updated P7, which are positioned in the 250,000 to 300,000 yuan range, leveraging its strengths in intelligent cockpit and assisted driving technology [11][13][15]