Xpeng release first quarter financial report
London, May 22, 2025 , (Oilandgaspress) ––– Xpeng Motors (NYSE: XPEV/HK.9868) today announced its first quarter financial results ending March 31, 2025.
2025 Q1 Operational and Financial Summary:
l In the first quarter of 2025, Xpeng Motors’ total deliveries exceeded 94,008 units, an increase of 330.8% over the same period in 2024, setting a new record for single-quarter deliveries and exceeding the upper limit of the first-quarter delivery guidance of 91,000 to 93,000 units.
Total revenue for the first quarter of 2025 was RMB 15.81 billion, an increase of 141.5% from the first quarter of 2024.
l The gross profit margin in the first quarter of 2025 reached 15.6%, a record high, an increase of 2.7 percentage points from the same period in 2024.
l In the first quarter of 2025, the gross profit margin of automobiles reached 10.5%, an increase of 5 percentage points over the same period in 2024, achieving seven consecutive quarters of growth.
As of March 31, 2025, cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB 45.28 billion (US$6.24 billion), a net increase of more than RMB 3.3 billion compared to December 31, 2024.
lAs of March 31, 2025, Xpeng Motors’ sales network continues to expand, with a total of 690 stores covering 223 cities.
lAs of March 31, 2025, Xpeng Motors’ self-operated charging station network has further expanded to 2,115 charging stations, including 1,089 Xpeng S4 and S5 ultra-fast charging stations.
In the first quarter of 2025, Xpeng Motors expanded its European market further and successfully entered the markets of the United Kingdom, Poland, Switzerland, the Czech Republic, Slovakia, and Indonesia. Recently, Xpeng Motors officially entered the Italian and Polish markets, becoming the first Chinese new power car company to land at the Milan Design Week. At present, Xpeng Motors has achieved coverage of more than ten European countries, and with Europe as a fulcrum, it is accelerating the global market layout.
Management Comments
“In the traditional off-season of the auto market, our single-quarter deliveries hit a new record high, making us the number one new car company in terms of sales. The positive feedback from the market has given us greater confidence in Xpeng Motors’ three-year product cycle. We will continue to move forward steadily and create blockbuster products,” said Mr. He Xiaopeng, Chairman and CEO of Xpeng Motors. “Our growth potential has just begun to be unleashed. I look forward to the intensive release of new models, international expansion, and the accelerated transformation of AI technology in the physical world, which will bring strong and sustainable growth momentum.”
“Our cost control capabilities have been greatly enhanced, and the gross profit margin of automobiles has increased for seven consecutive quarters, with the company’s gross profit margin rising to 15.6% in the first quarter,” said Dr. Gu Hongdi, Vice Chairman and Co-President of Xpeng Motors. “We will support the continuous breakthroughs in AI technology and product research and development through stronger cash flow self-generating capabilities.”
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