Core Insights - Xiaopeng Motors reported a net loss of 660 million yuan in Q1 2025, significantly narrowing from 1.37 billion yuan year-on-year, outperforming market expectations of a 1.386 billion yuan loss [1] - The company delivered 94,008 vehicles in Q1 2025, marking a year-on-year increase of 330.8%, achieving a historical high [1] - Xiaopeng Motors expects Q2 2025 vehicle deliveries to range between 102,000 and 108,000 units, representing a year-on-year growth of 237.7% to 257.5% [1] Financial Performance - Total revenue for Q1 2025 reached 15.81 billion yuan, a year-on-year increase of 141.5% [1] - Overall gross margin improved to 15.6%, up 2.7 percentage points from the same period in 2024; automotive gross margin increased to 10.5%, up 5 percentage points year-on-year [1] - For Q2 2025, Xiaopeng Motors anticipates revenue between 17.5 billion and 18.7 billion yuan, reflecting a year-on-year growth of approximately 115.7% to 130.5% [1] Market Expansion - As of March 31, 2025, Xiaopeng Motors' sales network covered 223 cities, with the number of stores increasing to 690, supporting future sales growth [1] Product Development - Xiaopeng Motors plans to launch the G7 in June, a new generation P7 luxury sports sedan in Q3, and a large SUV (G01) in Q4 [2] - The new P7 is positioned as a technologically advanced luxury coupe, emphasizing original design and innovative aesthetics [2]