Xpeng Motors' first-quarter financial report is impressive, with revenue reaching 6.55 billion yuan, a year-on-year increase of more than 60%

News on May 22, Xpeng Motors announced its financial report for the first quarter of 2024 on May 21. The report showed that Xpeng Motors achieved a revenue of 6.55 billion yuan in the first quarter of this year. Compared with the same period last year, the growth rate reached 62.3%. This significant growth is mainly due to the steady increase in its vehicle delivery volume. During the reporting period, Xpeng Motors delivered a total of 21,821 vehicles, a year-on-year increase of 19.7%. This number once again confirms the market's continued enthusiasm and demand for Xpeng Motors.

According to our understanding and analysis, although Xpeng Motors still faced a net loss of 1.37 billion yuan in this quarter, it was compared with a net loss of 2.34 billion yuan in the same period last year. , there has been a significant reduction. At the same time, compared with the net loss of 1.35 billion yuan in the previous quarter, it has basically remained stable. This shows Xpeng Motors' efforts to control costs and improve efficiency.

Xpeng Motors’ gross profit margin reached 12.9% in this quarter. This figure undoubtedly injected a boost into the company’s profitability. In addition, the company has also made significant progress in infrastructure construction and currently has 574 stores and 1,171 self-operated charging stations. These include 359 S4 ultra-fast charging stations, which will undoubtedly further enhance the user experience.

In terms of product sales, Xpeng’s high-end model X9 has delivered a total of 7,872 units, successfully becoming the top seller of pure electric MPVs in China. The hot sales of the X9 not only increased Xpeng Motors' market share, but also greatly boosted the company's high-end brand image.

Looking ahead, Xpeng Motors is optimistic about the second quarter. The company expects delivery volume to reach 29,000 to 32,000 vehicles, and revenue is expected to reach 7.5 billion to 8.3 billion yuan. Although the market forecast is 38,147 units, Xpeng Motors is still confident that it will achieve its second-quarter goal by continuing to optimize products and services.

The above is the detailed content of Xpeng Motors' first-quarter financial report is impressive, with revenue reaching 6.55 billion yuan, a year-on-year increase of more than 60%. For more information, please follow other related articles on the PHP Chinese website!