Xpeng announced unaudited financial performance for the second quarter of 2024, showing a total revenue of CNY 8.11 billion, a year-on-year growth of 60.2%, and a gross margin improvement to 14.0%, significantly better than the same period last year. The total number of automobiles delivered was 30,207, a year-on-year increase of 30.2%. As of June 30, 2024, cash and cash equivalents amounted to CNY 37.33 billion. The company has signed a strategic cooperation with Volkswagen Group to jointly develop electronic and electrical architecture. In addition, Xpeng has launched the OTA update for XOS 5.2.0, enhancing the user experience. Despite the improvement in total revenue and gross margin, the company still recorded a net loss of CNY 1.28 billion, but it has improved compared to CNY 2.8 billion in the same period last year. The company expects the total revenue for the next quarter to be between CNY 9.1 billion and CNY 9.8 billion, with automobile deliveries ranging from 41,000 to 45,000.

Xpeng announced unaudited financial performance for the second quarter of 2024, showing a total revenue of CNY 8.11 billion, a year-on-year growth of 60.2%, and a gross margin improvement to 14.0%, significantly better than the same period last year. The total number of automobiles delivered was 30,207, a year-on-year increase of 30.2%. As of June 30, 2024, cash and cash equivalents amounted to CNY 37.33 billion. The company has signed a strategic cooperation with Volkswagen Group to jointly develop electronic and electrical architecture. In addition, Xpeng has launched the OTA update for XOS 5.2.0, enhancing the user experience. Despite the improvement in total revenue and gross margin, the company still recorded a net loss of CNY 1.28 billion, but it has improved compared to CNY 2.8 billion in the same period last year. The company expects the total revenue for the next quarter to be between CNY 9.1 billion and CNY 9.8 billion, with automobile deliveries ranging from 41,000 to 45,000.