XPeng Q3 2025: revenue RMB20.38bn, gross margin 20.1%, net loss RMB0.38bn

Total revenues were RMB20.38 billion for Q3 2025, up 101.8% from the same quarter of 2024, on 116,007 deliveries. Gross margin was 20.1% and vehicle margin 13.1%; the net loss was RMB0.38 billion, against a loss of RMB1.81 billion a year earlier. The cash position at the end of the quarter was RMB48.33 billion. For Q4 2025 XPeng guided to deliveries of 125,000–132,000 and revenue of RMB21.50–23.00 billion.