- XPENG (XPEV, Financial) reports record Q1 2025 delivery of 94,008 vehicles, up 330.8% year-over-year.
- Q1 2025 revenue surges to RMB 15.81 billion, a 141.5% year-over-year increase.
- Company aims to achieve profitability by Q4 2025 and mass-produce humanoid robots by 2026.
XPENG Inc. (XPEV) showcased robust financial performance in Q1 2025 with a revenue of RMB 15.81 billion, marking a 141.5% increase compared to the same period last year. The electric vehicle manufacturer also achieved record vehicle deliveries of 94,008 units, showcasing a remarkable 330.8% growth year-over-year.
The company's gross margin improved to 15.6%, an increase of 2.7 percentage points from the previous year, while the vehicle margin reached 10.5%, reflecting a 5 percentage point increase. This underscores XPENG's enhanced production efficiency and economies of scale.
XPENG maintains a strong financial position with RMB 45.28 billion (US$6.24 billion) in cash reserves as of the end of Q1. The firm anticipates a continued upward trajectory in deliveries, projecting between 102,000 and 108,000 units for Q2 2025 and estimated revenue of RMB 17.5 billion to RMB 18.7 billion.
The company's strategic focus remains on AI-powered vehicles, global expansion, and humanoid robotics. XPENG plans to launch the MONA M03 Max in May and the G7 SUV in June 2025. Their aim is to achieve profitability by the fourth quarter of 2025 and target the mass production of humanoid robots by 2026. Furthermore, XPENG is developing a 72-billion parameter AI foundation model as part of its broader innovation strategy.
XPENG's international expansion shows promising results, with 7,615 vehicles exported in Q1 2025, making it the leading Chinese EV startup in terms of exports across nine countries. The company's vigorous pursuit of technology advancement and market expansion positions it as a formidable competitor in the global automotive landscape.
