Overview
- Zeekr reported Q3 revenue of about RMB 31.56 billion, a net loss of RMB 307 million, and 140,195 vehicle deliveries, with year-over-year losses sharply narrowed.
- XPeng posted Q3 revenue of about RMB 20.38 billion, a net loss of RMB 380 million, and 116,007 deliveries, and guided Q4 deliveries to 125,000–132,000 with revenue of RMB 21.5–23.0 billion.
- Leapmotor delivered 173,852 vehicles on revenue of about RMB 19.45 billion and booked a RMB 150 million net profit, and it said its first FAW-linked overseas model is slated for mass production in the second half of next year.
- XPeng reiterated plans to scale its IRON humanoid robot toward late-2026 mass production, with initial trials in its own stores and campuses next year, while acknowledging significant production and integration challenges.
- Geely executive Gui Shengyue warned that few upstart EV makers are consistently profitable and predicted market consolidation next year.