XPeng Reports Strong Q3 Earnings with Record Revenue and Margins

The Chinese EV maker exceeds expectations, highlighting growth in vehicle deliveries and AI ambitions.

• XPeng's Q3 revenue grew 18.4% year-on-year to 10.10 billion yuan, surpassing analyst expectations.
• The company reported a gross margin of 15.3%, a significant improvement from negative margins a year ago.
• Vehicle deliveries increased by 16.3% year-on-year, reaching 46,533 units in the third quarter.
• XPeng forecasts a strong Q4 with expected vehicle deliveries of 87,000–91,000 units, marking up to a 51.3% increase year-on-year.
• CEO Xiaopeng He emphasizes the company's focus on becoming a leader in AI-driven automotive technology.

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