XPENG Reports Second Quarter 2025 Unaudited Financial Results

Core Viewpoint - XPeng Inc. reported record-high performance in key operational and financial metrics for Q2 2025, including vehicle deliveries, revenue, gross margin, and cash position, amidst intense industry competition [6][12][31]. Operational Highlights - Total vehicle deliveries reached 103,181 in Q2 2025, a 241.6% increase from 30,207 in Q2 2024 [4][12]. - The company operated 677 stores across 224 cities and had 2,348 self-operated charging stations as of June 30, 2025 [4]. Financial Performance - Total revenues for Q2 2025 were RMB 18.27 billion (US$ 2.55 billion), marking a 125.3% increase year-over-year and a 15.6% increase quarter-over-quarter [3][12]. - Vehicle sales revenue was RMB 16.88 billion (US$ 2.36 billion), up 147.6% year-over-year and 17.5% quarter-over-quarter [4][13]. - Gross margin improved to 17.3%, up from 14.0% in Q2 2024 and 15.6% in Q1 2025 [3][15]. - Vehicle margin was 14.3%, an increase from 6.4% in Q2 2024 and 10.5% in Q1 2025 [3][16]. Loss and Expenses - The net loss for Q2 2025 was RMB 0.48 billion (US$ 0.07 billion), a significant reduction from RMB 1.28 billion in Q2 2024 [24][26]. - Non-GAAP net loss was RMB 0.39 billion (US$ 0.05 billion), down from RMB 1.22 billion in the same period last year [25][27]. - Research and development expenses rose to RMB 2.21 billion (US$ 0.31 billion), reflecting a 50.4% increase year-over-year [18]. Cash Position - As of June 30, 2025, cash and cash equivalents totaled RMB 47.57 billion (US$ 6.64 billion), an increase from RMB 45.28 billion as of March 31, 2025 [3][29]. Future Outlook - For Q3 2025, the company expects vehicle deliveries between 113,000 and 118,000, representing a year-over-year increase of approximately 142.8% to 153.6% [31]. - Total revenues are projected to be between RMB 19.6 billion and RMB 21.0 billion, indicating a year-over-year increase of approximately 94.0% to 107.9% [31].