文｜雷递网 雷建平 智能电动汽车公司小鹏汽车（纽交所代号：XPEV及联交所代号：9868）今天公布其截至2025年6月30日止三个月的未经审计财务业绩。财报显示，小鹏 汽车2025年上半年营收为340.9亿元，较上年同期的146.6亿元增长132.5%。 小鹏汽车2025年上半年净亏损为11.4亿元，上年同期的净亏损为26.5亿元；小鹏汽车2025年上半年经调整净亏损为8.1亿元，上年同期的经调整净亏损为 26.3亿元。 小鹏汽车董事长及首席执行官何小鹏表示："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。" "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%，毛利率升至17.3%。"小鹏汽车副董事长及联席总裁顾宏地博士表示："我们有信心加速规模增长，而且持续改善公司的盈利。" 小鹏汽车Q2营收182.7亿，同比增125.3% 小鹏汽车2025年第二季度总收入为182.7亿元（25.5亿美元），较2024年同 ...

Core Insights - Xiaopeng Motors reported a total delivery volume of 103,181 vehicles in Q2 2025, an increase from 94,008 vehicles in Q1 2025 and a significant growth compared to the same period in 2024 [1] - The company achieved total revenue of RMB 18.27 billion in Q2 2025, representing a year-on-year increase of 125.3% and a quarter-on-quarter growth of 15.6% [1] - Despite the revenue growth, Xiaopeng Motors faced a net loss of RMB 480 million (approximately USD 70 million), although this was a reduction from RMB 1.28 billion in the same period of 2024 [1] Financial Performance - Automotive sales revenue reached RMB 16.88 billion in Q2 2025, up 147.6% year-on-year and 17.5% quarter-on-quarter [1] - The automotive gross margin improved to 14.3%, up from 6.4% in 2024 and 10.5% in Q1 2025, marking the eighth consecutive quarter of gross margin improvement [1][2] Operational Highlights - As of June 30, 2025, Xiaopeng Motors had a total of 677 physical sales outlets across 224 cities [1] - The company's self-operated charging station network expanded to 2,348 stations, including 1,304 fast charging stations for the Xiaopeng S4 and S5 models [1]