Core Viewpoint - Xiaopeng Motors achieved record high performance in Q2 2025, with expectations to surpass 40,000 monthly deliveries [1][2][3] Financial Performance - In Q2 2025, Xiaopeng Motors reported total revenue of 18.27 billion RMB, a year-on-year increase of 125.3% and a quarter-on-quarter increase of 15.6%, marking a historical high for a single quarter [2][6] - The company's gross margin reached 17.3%, an increase of 3.3 percentage points year-on-year and 1.7 percentage points quarter-on-quarter [5][6] - Net loss for Q2 2025 was 480 million RMB, significantly reduced from 1.28 billion RMB in Q2 2024 and 660 million RMB in Q1 2025 [5][6] Delivery and Production Outlook - Monthly delivery volume stabilized above 30,000 units in Q2 2025, with guidance indicating it will exceed 40,000 units in Q3 2025 [3][11] - The company aims for a total delivery of 113,000 to 118,000 units in Q3 2025 [11] - Xiaopeng Motors plans to launch multiple new models, including the new P7, which is expected to significantly boost delivery volumes [9][13][14] Strategic Initiatives - The company is entering a new phase of "self-sustaining" profitability, with a focus on scaling operations and market share both domestically and internationally [5][8] - Xiaopeng Motors is set to introduce its first "Kunpeng" super electric vehicle model, the Xiaopeng X9, in Q4 2025, marking the start of a new product cycle [15]

Core 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].

"面对行业激烈的价格竞争，我们坚持行稳致远的长线思维，经营质量快速提高，汽车毛利率连续八个 季度改善。二季度汽车毛利率环比增加3.8个百分点，达到14.3%，公司毛利率上升至17.3%，创历史新 高。"小鹏汽车副董事长及联席总裁顾宏地博士表示。"我们有信心不仅加速规模增长，而且持续改善公 司的盈利，支撑我们的研发保持行业领先并且不断突破技术的上限。" 智通财经APP讯，小鹏汽车-W(09868)发布截至2025年6月30日止6个月的中期业绩，该集团取得总收入 人民币340.85亿元(单位下同)，同比增加132.51%;XPeng Inc.普通股股东应占净亏损11.42亿元，同比减少 56.95%;每股基本亏损0.60元。 公告称，"2025年二季度，小鹏汽车的各项核心业务和财务指标，包括销量、收入、毛利率、在手现 金，都达到了历史最佳水平。"小鹏汽车董事长及首席执行官何小鹏先生表示。"我们在2025年全面完成 了智能化和电动化新一代技术平台的升级，与竞争对手全面拉开了技术代差。这将使我们的大产品周期 产生更强势能，加速规模增长。" ...