Core Insights - Xiaopeng Motors reported a revenue of 34.09 billion RMB for the first half of 2025, a year-on-year increase of 132.5%, with a net loss of 1.14 billion RMB, narrowing from a loss of 2.65 billion RMB in the same period last year [1] - The company has been operating at a loss since its inception, with a cumulative loss of 42.74 billion RMB as of June 30, 2025 [1] - Vehicle deliveries reached 197,189 units in the first half of 2025, a 279% increase from 52,028 units in the same period last year [1] Financial Performance - In Q2 2025, Xiaopeng Motors achieved a revenue of 18.27 billion RMB, a year-on-year growth of 125.3%, with a net loss reduced to 480 million RMB [2] - The automotive gross margin for Q2 2025 was 14.3%, an increase of 3.8 percentage points from the previous quarter, while the overall company gross margin reached a historic high of 17.3% [2] - R&D expenses for the first half of 2025 were 4.19 billion RMB, up 48.6% from 2.82 billion RMB in the same period last year [2] Sales and Network Expansion - As of June 30, 2025, Xiaopeng Motors had 677 physical sales outlets covering 224 cities and a charging station network of 2,348 stations [3] - The company reported cash and cash equivalents of 47.57 billion RMB as of June 30, 2025, an increase from 41.96 billion RMB at the end of 2024 [3] Future Outlook - Xiaopeng Motors anticipates Q3 2025 vehicle deliveries to be between 113,000 and 118,000 units, representing a year-on-year growth of approximately 142.8% to 153.6% [3] - Total revenue for Q3 2025 is projected to be between 19.6 billion and 21 billion RMB, reflecting a year-on-year increase of approximately 94% to 107.9% [3]
小鹏汽车上半年实现营收340.9亿元 净亏损11.4亿元