Core Viewpoint - Xiaopeng Motors reported a total revenue of 15.81 billion yuan for Q1 2025, reflecting a year-on-year growth of 141.5% but a quarter-on-quarter decline of 1.8%. The net loss was 660 million yuan, an improvement from a net loss of 1.37 billion yuan in the same period last year and 1.33 billion yuan in the previous quarter [1]. Financial Performance - Total revenue for Q1 2025 was 15.81 billion yuan, a 141.5% increase year-on-year and a 1.8% decrease quarter-on-quarter [1]. - The net loss for Q1 2025 was 660 million yuan, compared to a net loss of 1.37 billion yuan in Q1 2024 and 1.33 billion yuan in the previous quarter [1]. - Adjusted net loss, not in accordance with US GAAP, was 430 million yuan, down from 1.41 billion yuan year-on-year and 1.39 billion yuan quarter-on-quarter [1]. Strategic Outlook - The company aims for a stable and long-term strategy in 2025, focusing on enhancing its overall capabilities [3]. - New product launches are expected to begin in Q3 2025 and continue into 2026, which will contribute positively to the company's growth [4]. - The improvement of the AI system capabilities is anticipated to elevate the company to a leading position in the industry [4]. Operational Quality - The stable performance in Q1, typically a slow season for the Chinese automotive market, indicates an improvement in operational quality [5]. - The company is confident that new models, including the upcoming MONA M03 Max and the new versions of Xiaopeng G7 and P7, will act as catalysts for sustained growth [5]. - The introduction of new models is expected to lead to higher price points and gross margins, benefiting the overall product mix [5].