XPENG(US:XPEV) Zhong Guo Ji Jin Bao·2025-08-19 15:54Core Viewpoint - Xiaopeng Motors reported record-high performance in Q2 2025, with expectations to exceed monthly delivery of 40,000 vehicles in the near future [2][4][10]. Financial Performance - In Q2 2025, Xiaopeng Motors achieved total revenue of 18.27 billion RMB, a year-on-year increase of 125.3% and a quarter-on-quarter increase of 15.6% [4][7]. - The company's gross margin reached 17.3%, marking a historical high, with a year-on-year increase of 3.3 percentage points and a quarter-on-quarter increase of 1.7 percentage points [6][7]. - Cash reserves hit a historical high, with a net loss of 480 million RMB, significantly reduced from 1.28 billion RMB in Q2 2024 and 660 million RMB in Q1 2025 [6][7]. Delivery and Sales Outlook - Xiaopeng Motors' monthly delivery volume stabilized above 30,000 units in Q2 2025, with guidance indicating it will surpass 40,000 units in Q3 2025 [4][10]. - The company aims for a total delivery of 113,000 to 118,000 vehicles in Q3 2025, with expectations for August and September to average between 38,200 and 40,700 units [11][12]. Product Development and Market Strategy - The company plans to launch the first "Kunpeng" super electric vehicle model, Xiaopeng X9, in Q4 2025, marking the start of a new product cycle [13]. - Xiaopeng Motors is focused on expanding its market share in both domestic and international markets, leveraging innovative AI technology to create greater value for global users [9][13].