XPeng's EV deliveries and revenue surged, with improved margins, leading to a stock price increase.

From Yahoo Finance: 2025-05-21 09:10:00

Chinese EV maker XPeng Inc. (NYSE: XPEV) stock rose after reporting fiscal first-quarter results, with sales up 141.5% to 15.81 billion Chinese yuan, exceeding estimates of 16.02 billion yuan. The Tesla rival delivered 94,008 vehicles, a 330.8% increase YoY. XPeng’s network includes 690 stores and 2,115 charging stations as of March 31, 2025. Revenues from vehicle sales surged 159.2% to 14.37 billion yuan due to higher deliveries. Gross margin improved to 15.6% from 12.9% a year ago, with vehicle margin at 10.5% versus 5.5% last year. The company reported an operating loss of 1.04 billion yuan ($0.14 billion) and adjusted net loss per ADS of 0.45 yuan. XPeng held $6.24 billion in cash and equivalents as of March 31, 2025. CEO Xiaopeng highlighted record-high quarterly deliveries and market confidence in their product cycle. XPENG forecasts second-quarter vehicle deliveries between 102,000 and 108,000 units, a surge of 237.7%-257.5% YoY, with revenue expected between 17.5 billion and 18.7 billion yuan, surpassing the analyst consensus of 16.85 billion yuan. XPEV shares were up 6.65% at $20.99 premarket on Wednesday.



Read more at Yahoo Finance: China’s XPeng EV Deliveries Jump 330%, CEO Cites Margin Improvement For 7 Consecutive Quarters