Chinese EV maker XPeng reported a 125.3% Y/Y sales growth to 18.27 billion Chinese yuan, exceeding analyst estimates. Vehicle deliveries rose 241.6% Y/Y to 103,181. XPeng’s physical sales network includes 677 stores across 224 cities, with 2,348 charging stations as of June 30, 2025.

Revenues from vehicle sales surged 147.6% Y/Y to 16.88 billion Chinese yuan, with a gross margin of 17.3% and a vehicle margin of 14.3%. Operating loss for the quarter was 930 million Chinese yuan, with an adjusted net loss per ADS of 0.41 Chinese yuan.

XPeng projects third-quarter vehicle deliveries between 113,000 and 118,000 units, a surge of 142.8%-153.6% Y/Y. Revenue is expected to range from 19.6 billion to 21.0 billion Chinese yuan. Despite competition from Tesla and Nio, XPeng stock has gained over 68% year-to-date.

Chairman and CEO Xiaopeng He completed upgrades to next-gen technology platforms, while Vice Chairman and Co-President Hongdi Brian Gu noted improved margins. XPeng stock is trading lower by 0.15% at $19.87.

Read more at Yahoo Finance: Tesla Rival XPeng Deliveries Growth Accelerates To 103,181, Margins Expand