XPeng Q1 2026: revenue RMB13.03bn, gross margin 20.6%, net loss RMB1.78bn

Total revenues were RMB13.03 billion for Q1 2026, down 17.6% from the same quarter of 2025, on 62,682 deliveries. Gross margin was 20.6% and vehicle margin 12.1%; the net loss was RMB1.78 billion, against a loss of RMB0.66 billion a year earlier. The cash position at the end of the quarter was RMB42.09 billion. For Q2 2026 XPeng guided to deliveries of 100,000–106,000 and revenue of RMB19.60–20.80 billion.