Workflow
小鹏汽车二季度多项经营指标创新高!明确Robotaxi商业运营模式
Zhong Guo Zheng Quan Bao·2025-08-20 08:49

Core Viewpoint - Xiaopeng Motors reported impressive second-quarter results, with significant growth in revenue and a narrowing net loss, driven by strong sales of its economical models and an expanding product lineup [1][2][4]. Financial Performance - In Q2, Xiaopeng Motors achieved total revenue of 18.27 billion yuan, a year-on-year increase of 125.3% [1][2]. - The net loss for the quarter was reduced to 480 million yuan, and the gross margin improved to 17.3%, up 3.3 percentage points year-on-year [1][2]. - Vehicle gross margin reached 14.3%, reflecting a year-on-year increase of 7.9 percentage points [2][3]. - The total delivery volume in Q2 was 103,200 units, a year-on-year increase of 241.6% [2][4]. - Free cash flow exceeded 2 billion yuan in Q2, with total cash and cash equivalents amounting to 47.57 billion yuan as of June 30 [2]. Product Development and Market Strategy - Xiaopeng Motors is accelerating its product lineup in the 100,000 to 500,000 yuan range, with plans to launch multiple new models [1][4][5]. - The new Xiaopeng P7 has set a pre-sale record, with over 10,000 orders within 6 minutes and 37 seconds of its launch [4]. - The company plans to deliver over 40,000 vehicles monthly starting in September, with projected Q3 deliveries between 113,000 and 118,000 units [4]. Technological Advancements - Xiaopeng Motors is focusing on its "one car, dual energy" strategy, introducing both pure electric and range-extended models [4][5]. - The company is set to launch its first Kunpeng super electric vehicle, the Xiaopeng X9, in Q4, targeting the 400,000 yuan market segment [5]. - Xiaopeng Motors is advancing its autonomous driving capabilities, with plans to pilot Robotaxi services in select regions after obtaining regulatory approval [6][7]. Strategic Partnerships - Collaboration with Volkswagen in electronic and software domains is a key factor in Xiaopeng Motors' performance improvement, contributing to service and other revenues of 1.39 billion yuan, a year-on-year increase of 7.6% [3].