XPeng reported Q3 2024 total revenues of RMB10.10 billion ($1.44 billion), up 18.4% YoY and 24.5% QoQ. Vehicle sales reached RMB8.80 billion with 46,533 deliveries. The company achieved a record-high gross margin of 15.3%, marking the fifth consecutive quarterly improvement, while vehicle margin rose to 8.6%. Net loss narrowed to RMB1.81 billion from RMB3.89 billion a year ago.The company's services revenue grew 90.7% YoY to RMB1.31 billion, driven by increased technical R&D services related to collaborations with Volkswagen Group. Operating expenses increased to RMB3.27 billion, with R&D expenses up 25.1% YoY to RMB1.63 billion as the company expanded its product portfolio.For Q4 2024, XPeng expects vehicle deliveries between 87,000-91,000 units, representing 44.6-51.3% YoY growth, with total revenues forecasted at RMB15.3-16.2 billion. The company maintains a strong financial position with RMB35.75 billion in cash and equivalents as of September 30, 2024.

XPeng reported Q3 2024 total revenues of RMB10.10 billion ($1.44 billion), up 18.4% YoY and 24.5% QoQ. Vehicle sales reached RMB8.80 billion with 46,533 deliveries. The company achieved a record-high gross margin of 15.3%, marking the fifth consecutive quarterly improvement, while vehicle margin rose to 8.6%. Net loss narrowed to RMB1.81 billion from RMB3.89 billion a year ago.The company's services revenue grew 90.7% YoY to RMB1.31 billion, driven by increased technical R&D services related to collaborations with Volkswagen Group. Operating expenses increased to RMB3.27 billion, with R&D expenses up 25.1% YoY to RMB1.63 billion as the company expanded its product portfolio.For Q4 2024, XPeng expects vehicle deliveries between 87,000-91,000 units, representing 44.6-51.3% YoY growth, with total revenues forecasted at RMB15.3-16.2 billion. The company maintains a strong financial position with RMB35.75 billion in cash and equivalents as of September 30, 2024.