XPeng Inc

XPEV

Equity

ISIN US98422D1054 / Valor 56569241

New York Stock Exchange, Inc (2024-09-18)

USD 8.64-4.53%

XPeng Inc
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About company

XPeng Inc is a Chinese electric vehicle manufacturer that specializes in the design, development, and production of smart electric vehicles.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Total Revenues

XPeng Inc. reported total revenues of RMB6.55 billion (US$0.91 billion) for the first quarter of 2024. This represents a significant increase of 62.3% from RMB4.03 billion in the same period of 2023. However, it also marks a decrease of 49.8% from RMB13.05 billion in the fourth quarter of 2023.

Vehicle Sales Revenue

Revenues from vehicle sales for XPeng Inc. in the first quarter of 2024 were RMB5.54 billion (US$0.77 billion). This is an increase of 57.8% from RMB3.51 billion in the same period of 2023, but a decrease of 54.7% from RMB12.23 billion in the fourth quarter of 2023. The year-over-year increase was mainly due to higher deliveries, particularly of the model X9.

Gross Margin

XPeng Inc. achieved a gross margin of 12.9% in the first quarter of 2024, compared to 1.7% in the same period of 2023 and 6.2% in the fourth quarter of 2023. The improvement in gross margin was primarily due to cost reductions and an improved product mix of models.

Net Loss

For the first quarter of 2024, XPeng Inc. reported a net loss of RMB1.37 billion (US$0.19 billion). This is an improvement from a net loss of RMB2.34 billion in the same period of 2023, but a slight increase from a net loss of RMB1.35 billion in the fourth quarter of 2023.

Cash and Cash Equivalents

As of March 31, 2024, XPeng Inc. had cash and cash equivalents, restricted cash, short-term investments, and time deposits totaling RMB41.40 billion (US$5.73 billion). This is a decrease from RMB45.70 billion as of December 31, 2023.

Summarized from source with an LLMView Source

Key figures

-53.2%1Y

-77.9%3Y

%5Y

Performance

75.6%1Y

83.9%3Y

87.4%5Y

Volatility