XPeng Q1 2025: revenue RMB15.81bn, gross margin 15.6%, net loss RMB0.66bn

Total revenues were RMB15.81 billion for Q1 2025, up 141.5% from the same quarter of 2024, on 94,008 deliveries. Gross margin was 15.6% and vehicle margin 10.5%; the net loss was RMB0.66 billion, against a loss of RMB1.37 billion a year earlier. The cash position at the end of the quarter was RMB45.28 billion. For Q2 2025 XPeng guided to deliveries of 102,000–108,000 and revenue of RMB17.50–18.70 billion.