Latest news with #XPengXPEV
Wall Street Journal
21-05-2025
- Automotive
- Wall Street Journal
XPeng Narrows Loss as Revenue Surges, Sees Another Strong Quarter Ahead
Chinese EV maker XPeng XPEV -1.45%decrease; red down pointing triangle posted a sharply narrowed net loss and a significant rise in revenue for the first quarter, and expects another strong quarter to follow as it edges closer to profit. The Guangzhou-based carmaker said Wednesday that its net loss was 664.0 million yuan, equivalent to $92 million, in the first quarter compared with 1.37 billion yuan a year earlier. Total revenue more than doubled to 15.81 billion yuan from 6.55 billion yuan during the period, driven by strong sales, the company said. Its gross margin rose to 15.6% from 12.9% a year earlier and from 14.4% in the prior quarter. XPeng said it expects deliveries to rise sharply to 102,000-108,000 vehicles in the second quarter, and revenue to rise to between 17.5 billion yuan to 18.7 billion yuan. The company has stood out in China's competitive EV space thanks to its leading autonomous-driving technology and robust sales. High sales volumes have supported margins, bringing XPeng closer to profitability. The company has yet to post a profit since it was founded in 2014, but market consensus is that it will likely become profitable in the fourth quarter this year, analysts say. Write to Jiahui Huang at
Wall Street Journal
01-05-2025
- Automotive
- Wall Street Journal
Chinese Automakers Report Robust Sales Growth in April
Chinese automakers' latest monthly sales show that demand for electric vehicles in the world's second-largest economy remains strong, with Tesla rivals such as XPeng XPEV -0.37%decrease; red down pointing triangle posting robust April numbers. Analysts had expected solid results for April as government subsidies boosted consumption and seasonally weak Lunar New Year period came to an end.
Wall Street Journal
18-03-2025
- Automotive
- Wall Street Journal
XPeng Guides for Surging Revenue, EV Sales as Loss Narrows
XPeng XPEV 3.50%increase; green up pointing triangle projected revenue to more than double in the first quarter after reporting robust fourth-quarter results. The Chinese electric-vehicle maker said Tuesday that its net loss was 1.33 billion yuan, equivalent to $183.9 million, narrowing slightly from 1.35 billion yuan a year earlier. That was better than the 1.45 billion yuan loss estimated by analysts in a Visible Alpha poll.
