Core Insights - In Q1 2025, XPeng Motors achieved revenue of 15.8 billion yuan, representing a year-on-year growth of 141% [1] - The total vehicle sales reached 94,000 units, marking a year-on-year increase of 330.8% [2] - The company reported a net loss of 660 million yuan, an improvement from a loss of 1.37 billion yuan in the same period last year [1] Revenue Breakdown - Automotive sales revenue for Q1 2025 was 14.37 billion yuan, up 159.2% year-on-year, driven by increased delivery volumes [1] - Service and other revenues amounted to 1.44 billion yuan, reflecting a year-on-year growth of 43.6%, attributed to increased income from technology development services and automotive financial services [1] Profitability Metrics - XPeng's gross margin and net margin improved, with gross margin at 15.6% and net margin at -4.2% for Q1 2025, showing year-on-year increases of 2.7 percentage points and 16.7 percentage points, respectively [1] - The automotive business gross margin was 10.5%, up 5.0 percentage points year-on-year, due to cost reductions and economies of scale [1] Sales and Delivery Guidance - For April-May 2025, XPeng's cumulative delivery volume reached 68,600 units, a year-on-year increase of 251% [2] - The company expects Q2 2025 vehicle deliveries to be between 102,000 and 108,000 units, representing a year-on-year increase of approximately 238% to 258% [2] New Product Launches - The 2025 models of XPeng X9 and MONA M03 were officially launched, featuring standard Turing AI smart driving [2] - The new version of MONA M03 was launched at a price range of 119,800 to 139,800 yuan, with significant initial demand reflected in 12,566 pre-orders within one hour [2]