XPeng Q2 2025: revenue RMB18.27bn, gross margin 17.3%, net loss RMB0.48bn

Total revenues were RMB18.27 billion for Q2 2025, up 125.3% from the same quarter of 2024, on 103,181 deliveries. Gross margin was 17.3% and vehicle margin 14.3%; the net loss was RMB0.48 billion, against a loss of RMB1.28 billion a year earlier. The cash position at the end of the quarter was RMB47.57 billion. For Q3 2025 XPeng guided to deliveries of 113,000–118,000 and revenue of RMB19.60–21.00 billion.