Overview
- Revenue rose 101.8% to RMB20.38 billion as net loss narrowed to RMB380.9 million, the smallest since 2020.
- Deliveries reached 116,007 vehicles, up about 149% year over year, while gross margin improved to 20.1% and vehicle margin to 13.1%.
- XPeng guided Q4 deliveries to 125,000–132,000 and revenue to RMB21.5–23.0 billion, below analyst expectations, and the stock fell roughly 2–3% premarket.
- The company is pushing into embodied AI with robotaxis and its IRON humanoid robot, targeting robot production by late next year and new robotaxi models for 2026 commercial use.
- Management flagged fierce pricing pressure in China’s EV market; the firm ended September with about RMB48.33 billion in cash as R&D spending climbed.