Investor Pulse · Earnings
XPeng Q1 2024: revenue RMB6.55bn, gross margin 12.9%, net loss RMB1.37bn
Confirmed
RMB6.55bnRevenue
12.9%Gross margin
5.5%Vehicle margin
RMB1.37bnNet loss
21,821Deliveries
Total revenues were RMB6.55 billion for Q1 2024, up 62.3% from the same quarter of 2023, on 21,821 deliveries. Gross margin was 12.9% and vehicle margin 5.5%; the net loss was RMB1.37 billion. The cash position at the end of the quarter was RMB41.40 billion. For Q2 2024 XPeng guided to deliveries of 29,000–32,000 and revenue of RMB7.50–8.30 billion.
- The full quarter, and every one before it →
- Q2 2024 guidance: 29,000–32,000 deliveries, RMB7.50–8.30bn revenue →
Where this comes from
- Primary XPENG Reports First Quarter 2024 Unaudited Financial Results · XPeng Inc. (Form 6-K, exhibit 99.1) · 2024-05-21