XPENG Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.70 billion (US$6.44 billion) as of December 31, 2023Quarterly total revenues were RMB13.05 billion, a 53.0% increase quarter-over-quarterQuarterly gross margin was 6.2%, an increase of 8.9 percentage points quarter-over-quarterFull year vehicle deliveries reached 141,601, a 17.3% increase year-over-yearFull year revenues reached RMB30.68 billionFull year gross margin was 1.5%, a decrease of 10.0 percentage points ...