XPENG(US:XPEV) Bei Jing Ri Bao Ke Hu Duan·2025-11-18 08:22Core Insights - Xiaopeng Motors reported record highs in multiple key metrics for Q3 2025, including total revenue exceeding 20 billion yuan for the first time, reaching 20.38 billion yuan, a year-on-year increase of 101.8% and a quarter-on-quarter increase of 11.5% [1] - The total delivery volume for Q3 was 116,007 vehicles, a significant increase of 149.3% compared to 46,533 vehicles in the same period of 2024, and a quarter-on-quarter growth of 12.4% [1] - The company's net loss narrowed significantly by 78.9% year-on-year to 380 million yuan, aided by scale effects [1] Financial Performance - Total revenue reached 20.38 billion yuan, marking a year-on-year growth of 101.8% and a quarter-on-quarter growth of 11.5% [1] - Automotive sales revenue was 18.05 billion yuan, reflecting a year-on-year increase of 105.3% and a quarter-on-quarter increase of 6.9% [1] - Cash reserves increased to 48.33 billion yuan, up approximately 760 million yuan from the previous quarter, providing a solid foundation for future R&D and market expansion [1] R&D and Future Plans - R&D investment in Q3 amounted to 2.43 billion yuan, a year-on-year increase of 48.7% and a quarter-on-quarter increase of 10.1%, setting a new historical high [1] - The company plans to launch 7 new models next year, including 3 super electric extended-range products in Q1 2026 and 4 new models targeting important market segments [2] - Xiaopeng Motors aims to achieve breakeven in Q4 and will continue to invest in physical AI R&D, accelerating the development of the second-generation VLA model, Robotaxi, and humanoid robots for mass production in 2026 [2]