Overview
- The company reported a Q3 net loss of 380 million yuan, its smallest since 2020, with revenue up 102% to 20.38 billion yuan on 116,007 deliveries.
- Gross margin rose to 20.1% and vehicle margin to 13.1% year over year, indicating stronger unit economics despite a slight sequential dip in vehicle margin.
- XPeng guided Q4 deliveries to 125,000–132,000 units and revenue to 21.5–23.0 billion yuan, implying sequential growth but coming in below the 25.09 billion yuan analyst consensus.
- Year-to-date deliveries reached 355,209 through October, surpassing 90% of the full-year target of 380,000 vehicles.
- The company expanded to its 54th market with Cambodia and scheduled an 8:00 a.m. ET earnings call where CEO He Xiaopeng is expected to update the profitability timeline.