Xpeng Inc. (XPEV, Financial) announced its financial results for the first quarter ending March 31, 2025. The company reported total revenue of 15.81 billion yuan, marking a year-over-year increase of 141.5%, though it saw a slight sequential decline of 1.8%. Net losses narrowed to 660 million yuan, compared to a loss of 1.37 billion yuan in the same period last year and 1.33 billion yuan in the previous quarter. Adjusted net loss, which excludes certain accounting standards, was 430 million yuan, improving from 1.41 billion yuan the previous year and 1.39 billion yuan last quarter.
Operationally, Xpeng delivered 94,008 vehicles in Q1 2025, a substantial increase of 330.8% from 21,821 vehicles in Q1 2024. As of March 31, 2025, Xpeng's retail network included 690 stores across 223 cities. The company's proprietary charging network expanded to 2,115 stations, featuring 1,089 ultra-fast S4 and S5 charging stations.
In April 2025 alone, Xpeng delivered 35,045 vehicles, bringing the total deliveries for the year to 129,053 vehicles as of April 30, 2025.
