Particle.news
Download on the App Store
5 ARTICLES
·
last mo.

XPeng Reports Strong Q4 Performance and Projects Major Growth in 2025

The Chinese EV maker exceeded revenue expectations, launched affordable SUVs, and expanded into European markets while targeting financial break-even this year.

Image
FILE PHOTO:Visitors walk past a Xpeng logo at the Beijing International Automotive Exhibition, or Auto China 2024, in Beijing, China, April 25, 2024. REUTERS/Tingshu Wang/File Photo
Image

Overview

  • XPeng reported Q4 2024 revenue of 16.11 billion yuan, slightly surpassing analyst estimates of 16.06 billion yuan.
  • Vehicle deliveries in Q4 2024 reached 91,507 units, marking a 52.1% year-over-year increase.
  • The company forecasts Q1 2025 deliveries of 91,000 to 93,000 vehicles, a significant 317% to 326.2% increase compared to Q1 2024.
  • Newly refreshed G6 and G9 SUVs, launched at lower prices, are expected to drive sales growth alongside the popular Mona M03 model.
  • XPeng has entered Poland, Switzerland, Czech Republic, and Slovakia through partnerships with Inchcape and Hedin, furthering its European expansion.