XPeng reported Q2 2024 total revenues of RMB8.11 billion, up 60.2% YoY, with vehicle sales reaching RMB6.82 billion. Gross margin improved significantly to 14.0% from -3.9% in Q2 2023. Vehicle deliveries increased 30.2% YoY to 30,207 units. Net loss narrowed to RMB1.28 billion from RMB2.80 billion year ago.The company strengthened its market presence with 611 stores across 185 cities and expanded its charging network to 1,298 stations including 442 S4 ultra-fast charging stations. Cash position remained strong at RMB37.33 billion as of June 30, 2024. The strategic partnership with Volkswagen progressed with the signing of E/E Architecture technical collaboration agreement.Looking ahead, XPeng expects Q3 deliveries between 41,000-45,000 units and revenues of RMB9.1-9.8 billion. The company is entering a strong product cycle starting with MONA M03 launch in August, with multiple new models planned over next 3 years to drive sales growth in both domestic and international markets.

XPeng reported Q2 2024 total revenues of RMB8.11 billion, up 60.2% YoY, with vehicle sales reaching RMB6.82 billion. Gross margin improved significantly to 14.0% from -3.9% in Q2 2023. Vehicle deliveries increased 30.2% YoY to 30,207 units. Net loss narrowed to RMB1.28 billion from RMB2.80 billion year ago.The company strengthened its market presence with 611 stores across 185 cities and expanded its charging network to 1,298 stations including 442 S4 ultra-fast charging stations. Cash position remained strong at RMB37.33 billion as of June 30, 2024. The strategic partnership with Volkswagen progressed with the signing of E/E Architecture technical collaboration agreement.Looking ahead, XPeng expects Q3 deliveries between 41,000-45,000 units and revenues of RMB9.1-9.8 billion. The company is entering a strong product cycle starting with MONA M03 launch in August, with multiple new models planned over next 3 years to drive sales growth in both domestic and international markets.