XPENG Reports Second Quarter 2023 Unaudited Financial Results
- None.
- None.
-
Cash and cash equivalents, restricted cash, short-term investments and time deposits were
RMB33.74 billion (US ) as of June 30, 2023$4.65 billion -
Quarterly total revenues were
RMB5.06 billion , a25.5% increase quarter-over-quarter -
Quarterly gross margin was negative
3.9% , a decrease of 5.6 percentage points quarter-over-quarter
Operational and Financial Highlights for the Three Months Ended June 30, 2023
2023Q2 |
2023Q1 |
2022Q4 |
2022Q3 |
2022Q2 |
2022Q1 |
|||||||
Total deliveries |
23,205 |
18,230 |
22,204 |
29,570 |
34,422 |
34,561 |
-
Total deliveries of vehicles were 23,205 for the second quarter of 2023, representing an increase of
27.3% from 18,230 for the first quarter of 2023. - XPENG’s physical sales network had a total of 411 stores as of June 30, 2023.
- XPENG self-operated charging station network reached 1,024 stations, including 824 XPENG self-operated supercharging stations and 200 destination charging stations as of June 30, 2023.
-
Total revenues were
RMB5.06 billion (US ) for the second quarter of 2023, representing a decrease of$0.70 billion 31.9% from the same period of 2022, and an increase of25.5% from the first quarter of 2023. -
Revenues from vehicle sales were
RMB4.42 billion (US ) for the second quarter of 2023, representing a decrease of$0.61 billion 36.2% from the same period of 2022, and an increase of25.9% from the first quarter of 2023. -
Gross margin was negative
3.9% for the second quarter of 2023, compared with10.9% for the same period of 2022 and1.7% for the first quarter of 2023. -
Vehicle margin, which is gross profit or loss of vehicle sales as a percentage of vehicle sales revenue, was negative
8.6% for the second quarter of 2023, compared with9.1% for the same period of 2022 and negative2.5% for the first quarter of 2023. -
Net loss was
RMB2.80 billion (US ) for the second quarter of 2023, compared with$0.39 billion RMB2.70 billion for the same period of 2022 andRMB2.34 billion for the first quarter of 2023. Excluding share-based compensation expenses, non-GAAP net loss wasRMB2.67 billion (US ) for the second quarter of 2023, compared with$0.37 billion RMB2.46 billion for the same period of 2022 andRMB2.21 billion for the first quarter of 2023. -
Net loss attributable to ordinary shareholders of XPENG was
RMB2.80 billion (US ) for the second quarter of 2023, compared with$0.39 billion RMB2.70 billion for the same period of 2022 andRMB2.34 billion for the first quarter of 2023. Excluding share-based compensation expenses, non-GAAP net loss attributable to ordinary shareholders of XPENG wasRMB2.67 billion (US ) for the second quarter of 2023, compared with$0.37 billion RMB2.46 billion for the same period of 2022 andRMB2.21 billion for the first quarter of 2023. -
Basic and diluted net loss per American depositary share (ADS) were both
RMB3.25 (US ) and basic and diluted net loss per ordinary share were both$0.45 RMB1.63 (US ) for the second quarter of 2023. Each ADS represents two Class A ordinary shares.$0.22 -
Non-GAAP basic and diluted net loss per ADS were both
RMB3.10 (US ) and non-GAAP basic and diluted net loss per ordinary share were both$0.43 RMB1.55 (US ) for the second quarter of 2023.$0.21 -
Cash and cash equivalents, restricted cash, short-term investments and time deposits were
RMB33.74 billion (US ) as of June 30, 2023, compared with$4.65 billion RMB38.25 billion as of December 31, 2022. Time deposits include restricted short-term deposits, short-term deposits, restricted long-term deposits, current portion and non-current portion of long-term deposits.
Key Financial Results |
||||||||||||||
(in RMB billions, except for percentage) |
||||||||||||||
|
For the Three Months Ended |
% Changei |
||||||||||||
|
June 30, |
March 31, |
June 30, |
|
||||||||||
|
2023 |
2023 |
2022 |
YoY |
QoQ |
|||||||||
|
|
|
|
|
|
|||||||||
Vehicle sales |
4.42 |
3.51 |
6.94 |
- |
|
|||||||||
Vehicle margin |
- |
- |
|
-17.7pts |
-6.1pts |
|||||||||
Total revenues |
5.06 |
4.03 |
7.44 |
- |
|
|||||||||
Gross (loss) profit |
(0.20) |
0.07 |
0.81 |
- |
- |
|||||||||
Gross margin |
- |
|
|
-14.8pts |
-5.6pts |
|||||||||
Net loss |
2.80 |
2.34 |
2.70 |
|
|
|||||||||
Non-GAAP net loss |
2.67 |
2.21 |
2.46 |
|
|
|||||||||
Net loss attributable to ordinary
|
2.80 |
2.34 |
2.70 |
|
|
|||||||||
Non-GAAP net loss attributable
|
2.67 |
2.21 |
2.46 |
|
|
|||||||||
Comprehensive loss attributable
|
1.93 |
2.58 |
0.78 |
|
- |
i Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented
Management Commentary
“XPENG G6, our first strategic model built on SEPA 2.0, has quickly become one of the best-selling models following its official launch in June, turbocharging our sales growth momentum. I believe the success of the G6 is just the beginning and moving forward, a wider range of SEPA2.0-enabled models will be brought to our customers,” said Mr. He Xiaopeng, Chairman and CEO of XPENG. “Along with our unwavering commitment to advancing technology innovation over the past 9 years since our establishment, we’ve created meaningful breakthroughs in commercializing our industry-leading full-stack EV platform and smart technologies, both developed in-house. This is clearly evidenced by the increasing ADAS adoption among our customers and our strategic partnership with Volkswagen, a world-leading carmaker.”
“Benefitting from the new products and supported by more efficient sales channels, our vehicle deliveries have posted sequential growth for six consecutive months,” said Dr. Hongdi Brian Gu, Honorary Vice Chairman and Co-President of XPENG. “With the G6 and other new products accelerating sales growth, we expect gross margin to gradually recover while operating efficiency continues to improve and free cash flow to substantially improve.”
Recent Developments
Deliveries in July 2023
- Total deliveries were 11,008 vehicles in July 2023.
- As of July 31, 2023, year-to-date total deliveries were 52,443 vehicles.
Appointment of Vice President
Mr. Jiaming Wu (“Mr. Wu”) has been appointed as the vice president of finance and accounting of the Company. Prior to joining the Company, Mr. Wu served as the vice president and chief financial officer of SAIC-GM-Wuling Automotive Co., Ltd. from July 2022 to May 2023. Mr. Wu served as the vice president and chief financial officer of PT SGMW Motor Indonesia from July 2019 to June 2022. From April 2017 to June 2019, Mr. Wu worked as a finance manager at the US headquarters of General Motors Company. From July 2012 to March 2017, Mr. Wu worked as a regional finance manager at General Motors International Operations (GMIO). Mr. Wu received his master’s degree in business administration from Yale University in 2012, and his bachelor’s degree in economics from
Launch of the G6
On June 29, 2023, XPENG announced the official launch of its G6 Ultra Smart Coupe SUV, the Company’s inaugural model based on its next-generation technology architecture, SEPA2.0, in
Forming Strategic Partnership with the Volkswagen Group
On July 26, 2023, XPENG and the Volkswagen Group (“Volkswagen”) entered into a framework agreement on strategic technical collaboration and a share purchase agreement for a strategic minority investment by Volkswagen in the Company for an expected total consideration of approximately
Unaudited Financial Results for the Three Months Ended June 30, 2023
Total revenues were
Revenues from vehicle sales were
Revenues from services and others were
Cost of sales was
Gross margin was negative
Vehicle margin was negative
Research and development expenses were
Selling, general and administrative expenses were
Loss from operations was
Non-GAAP loss from operations, which excludes share-based compensation expenses, was
Net loss was
Non-GAAP net loss, which excludes share-based compensation expenses, was
Net loss attributable to ordinary shareholders of XPENG was
Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses, was
Basic and diluted net loss per ADS were both
Non-GAAP basic and diluted net loss per ADS were both
Balance Sheets
As of June 30, 2023, the Company had cash and cash equivalents, restricted cash, short-term investments and time deposits of
Business Outlook
For the third quarter of 2023, the Company expects:
-
Deliveries of vehicles to be between 39,000 and 41,000, representing a year-over-year increase of approximately
31.9% to38.7% . -
Total revenues to be between
RMB8.5 billion andRMB9.0 billion , representing a year-over-year increase of approximately24.6% to31.9% .
The above outlook is based on the current market conditions and reflects the Company’s preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.
Conference Call
The Company’s management will host an earnings conference call at 8:00 AM
For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.
Event Title: |
XPENG Second Quarter 2023 Earnings Conference Call |
|
Pre-registration link: |
Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.xiaopeng.com.
A replay of the conference call will be accessible approximately an hour after the conclusion of the call until August 25, 2023, by dialing the following telephone numbers:
|
+1-855-883-1031 |
|
International: |
+61-7-3107-6325 |
|
|
800-930-639 |
|
Mainland |
400-120-9216 |
|
Replay Access Code: |
10032444 |
About XPENG
XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to drive Smart EV transformation with technology, shaping the mobility experience of the future. In order to optimize its customers’ mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic loss per weighted average number of ordinary shares and non-GAAP basic loss per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with
For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and non-GAAP Results” set forth in this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG’s goal and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and results of operations; the trends in, and size of, China’s EV market; XPENG’s expectations regarding demand for, and market acceptance of, its products and services; XPENG’s expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
XPENG INC. |
||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
||||||
December 31, |
June 30, |
June 30, |
||||
2022 |
2023 |
2023 |
||||
RMB |
RMB |
US$ |
||||
ASSETS |
||||||
Current assets |
||||||
Cash and cash equivalents |
14,607,774 |
11,010,447 |
1,518,410 |
|||
Restricted cash |
106,272 |
675,872 |
93,207 |
|||
Short-term deposits |
14,921,688 |
11,220,840 |
1,547,425 |
|||
Restricted short-term deposits |
- |
1,010,000 |
139,285 |
|||
Short-term investments |
1,262,129 |
462,598 |
63,795 |
|||
Long-term deposits, current portion |
427,466 |
4,887,318 |
673,992 |
|||
Accounts and notes receivable, net |
3,872,846 |
3,593,413 |
495,554 |
|||
Installment payment receivables, net, current portion |
1,294,665 |
1,533,143 |
211,430 |
|||
Inventory |
4,521,373 |
3,572,087 |
492,613 |
|||
Amounts due from related parties |
47,124 |
25,562 |
3,525 |
|||
Prepayments and other current assets |
2,466,084 |
2,364,098 |
326,026 |
|||
Total current assets |
43,527,421 |
40,355,378 |
5,565,262 |
|||
Non-current assets |
||||||
Long-term deposits |
6,926,450 |
3,927,324 |
541,603 |
|||
Restricted long-term deposits |
- |
550,000 |
75,848 |
|||
Property, plant and equipment, net |
10,606,745 |
11,364,376 |
1,567,219 |
|||
Right-of-use assets |
1,954,618 |
1,776,965 |
245,055 |
|||
Intangible assets, net |
1,042,972 |
1,085,643 |
149,717 |
|||
Land use rights, net |
2,747,854 |
2,811,804 |
387,766 |
|||
Installment payment receivables, net |
2,188,643 |
2,262,552 |
312,020 |
|||
Long-term investments |
2,295,032 |
2,455,199 |
338,587 |
|||
Other non-current assets |
201,271 |
95,423 |
13,159 |
|||
Total non-current assets |
27,963,585 |
26,329,286 |
3,630,974 |
|||
Total assets |
71,491,006 |
66,684,664 |
9,196,236 |
XPENG INC. |
|||||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
|
|||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||||
December 31, |
June 30, |
June 30, |
|||||||
2022 |
2023 |
2023 |
|||||||
RMB |
RMB |
US$ |
|||||||
LIABILITIES |
|||||||||
Current liabilities |
|||||||||
Short-term borrowings |
2,419,210 |
|
4,259,210 |
|
587,372 |
|
|||
Accounts and notes payable |
14,222,856 |
|
11,306,075 |
|
1,559,179 |
|
|||
Amount due to related parties |
91,111 |
|
30,468 |
|
4,202 |
|
|||
Operating lease liabilities, current portion |
490,811 |
|
450,129 |
|
62,076 |
|
|||
Finance lease liabilities, current portion |
128,279 |
|
98,997 |
|
13,652 |
|
|||
Deferred revenue, current portion |
389,243 |
|
429,348 |
|
59,210 |
|
|||
Long-term borrowings, current portion |
761,859 |
|
622,607 |
|
85,861 |
|
|||
Accruals and other liabilities |
5,583,829 |
|
6,203,300 |
|
855,474 |
|
|||
Income taxes payable |
27,655 |
|
32,289 |
|
4,453 |
|
|||
Total current liabilities |
24,114,853 |
|
23,432,423 |
|
3,231,479 |
|
|||
Non-current liabilities |
|||||||||
Long-term borrowings |
4,613,057 |
|
5,388,395 |
|
743,094 |
|
|||
Operating lease liabilities |
1,854,576 |
|
1,731,421 |
|
238,774 |
|
|||
Finance lease liabilities |
797,743 |
|
802,685 |
|
110,695 |
|
|||
Deferred revenue |
694,006 |
|
698,206 |
|
96,287 |
|
|||
Other non-current liabilities |
2,506,106 |
|
1,958,571 |
|
270,099 |
|
|||
Total non-current liabilities |
10,465,488 |
|
10,579,278 |
|
1,458,949 |
|
|||
Total liabilities |
34,580,341 |
|
34,011,701 |
|
4,690,428 |
|
|||
SHAREHOLDERS’ EQUITY |
|||||||||
Class A Ordinary shares |
92 |
|
92 |
|
13 |
|
|||
Class B Ordinary shares |
21 |
|
21 |
|
3 |
|
|||
Additional paid-in capital |
60,691,019 |
|
60,950,227 |
|
8,405,421 |
|
|||
Statutory and other reserves |
6,425 |
|
18,812 |
|
2,594 |
|
|||
Accumulated deficit |
(25,330,916 |
) |
(30,472,526 |
) |
(4,202,354 |
) |
|||
Accumulated other comprehensive income |
1,544,024 |
|
2,176,337 |
|
300,131 |
|
|||
Total shareholders' equity |
36,910,665 |
|
32,672,963 |
|
4,505,808 |
|
|||
Total liabilities and shareholders’ equity |
71,491,006 |
|
66,684,664 |
|
9,196,236 |
|
XPENG INC. |
|||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
|
|||||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||||||
Three Months Ended |
|||||||||||
June 30, |
March 31, |
June 30, |
June 30, |
||||||||
2022 |
2023 |
2023 |
2023 |
||||||||
RMB |
RMB |
RMB |
US$ |
||||||||
Revenues |
|||||||||||
Vehicle sales |
6,938,497 |
|
3,513,767 |
|
4,424,537 |
|
610,172 |
|
|||
Services and others |
497,848 |
|
519,653 |
|
638,159 |
|
88,006 |
|
|||
Total revenues |
7,436,345 |
|
4,033,420 |
|
5,062,696 |
|
698,178 |
|
|||
Cost of sales |
|||||||||||
Vehicle sales |
(6,309,727 |
) |
(3,600,529 |
) |
(4,804,535 |
) |
(662,576 |
) |
|||
Services and others |
(317,258 |
) |
(365,859 |
) |
(455,552 |
) |
(62,823 |
) |
|||
Total cost of sales |
(6,626,985 |
) |
(3,966,388 |
) |
(5,260,087 |
) |
(725,399 |
) |
|||
Gross profit (loss) |
809,360 |
|
67,032 |
|
(197,391 |
) |
(27,221 |
) |
|||
Operating expenses |
|||||||||||
Research and development expenses |
(1,264,959 |
) |
(1,295,854 |
) |
(1,367,107 |
) |
(188,533 |
) |
|||
Selling, general and administrative
|
(1,664,513 |
) |
(1,386,620 |
) |
(1,543,625 |
) |
(212,876 |
) |
|||
Total operating expenses |
(2,929,472 |
) |
(2,682,474 |
) |
(2,910,732 |
) |
(401,409 |
) |
|||
Other income, net |
29,328 |
|
30,065 |
|
17,940 |
|
2,474 |
|
|||
Loss from operations |
(2,090,784 |
) |
(2,585,377 |
) |
(3,090,183 |
) |
(426,156 |
) |
|||
Interest income |
267,506 |
|
299,741 |
|
303,637 |
|
41,873 |
|
|||
Interest expense |
(22,311 |
) |
(62,667 |
) |
(67,007 |
) |
(9,241 |
) |
|||
Fair value gain on derivative assets or
|
84,211 |
|
- |
|
- |
|
- |
|
|||
Fair value gain (loss) on long-term
|
15,869 |
|
8,440 |
|
(38,704 |
) |
(5,338 |
) |
|||
Exchange (loss) gain from foreign currency
|
(938,327 |
) |
2,083 |
|
42,663 |
|
5,883 |
|
|||
Other non-operating (loss) income, net |
(1,948 |
) |
|
6,002 |
|
4,286 |
|
591 |
|
||
Loss before income tax expenses and
|
(2,685,784 |
) |
(2,331,778 |
) |
(2,845,308 |
) |
(392,388 |
) |
|||
Income tax expenses |
(11,735 |
) |
(6,157 |
) |
(8,217 |
) |
(1,133 |
) |
|||
Share of results of equity method investees |
(3,363 |
) |
977 |
|
48,873 |
|
6,740 |
|
|||
Net loss |
(2,700,882 |
) |
(2,336,958 |
) |
(2,804,652 |
) |
(386,781 |
) |
|||
Net loss attributable to ordinary
|
(2,700,882 |
) |
(2,336,958 |
) |
(2,804,652 |
) |
(386,781 |
) |
XPENG INC. |
|||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
|
|||||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||||||
Three Months Ended |
|||||||||||
June 30, |
March 31, |
June 30, |
June 30, |
||||||||
2022 |
2023 |
2023 |
2023 |
||||||||
RMB |
RMB |
RMB |
US$ |
||||||||
Net loss |
(2,700,882 |
) |
(2,336,958 |
) |
(2,804,652 |
) |
(386,781 |
) |
|||
Other comprehensive income (loss) |
|||||||||||
Foreign currency translation adjustment, net
|
1,922,801 |
|
(243,953 |
) |
876,266 |
|
120,843 |
|
|||
|
|
|
|
||||||||
Total comprehensive loss
|
(778,081 |
) |
|
(2,580,911 |
) |
|
(1,928,386 |
) |
|
(265,938 |
) |
Comprehensive loss attributable to
|
(778,081 |
) |
|
(2,580,911 |
) |
|
(1,928,386 |
) |
|
(265,938 |
) |
|
|
|
|
|
|||||||
Weighted average number of ordinary
|
|||||||||||
Basic and diluted |
1,708,557,461 |
|
1,722,080,453 |
|
1,723,369,664 |
|
1,723,369,664 |
|
|||
Net loss per ordinary share attributable
|
|||||||||||
Basic and diluted |
(1.58 |
) |
(1.36 |
) |
(1.63 |
) |
(0.22 |
) |
|||
Weighted average number of ADS used
|
|||||||||||
Basic and diluted |
854,278,731 |
|
861,040,227 |
|
861,684,832 |
|
861,684,832 |
|
|||
Net loss per ADS attributable to ordinary shareholders |
|||||||||||
Basic and diluted |
(3.16 |
) |
(2.71 |
) |
(3.25 |
) |
(0.45 |
) |
XPENG INC. |
|||||||
UNAUDITED RECONCILIATIONS OF GAAP
|
|||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||
Three Months Ended |
|||||||
June 30, |
March 31, |
June 30, |
June 30, |
||||
2022 |
2023 |
2023 |
2023 |
||||
RMB |
RMB |
RMB |
US$ |
||||
Loss from operations |
(2,090,784) |
(2,585,377) |
(3,090,183) |
(426,156) |
|||
Share-based compensation expenses |
236,469 |
124,638 |
134,570 |
18,558 |
|||
Non-GAAP loss from operations |
(1,854,315) |
(2,460,739) |
(2,955,613) |
(407,598) |
|||
Net loss |
(2,700,882) |
(2,336,958) |
(2,804,652) |
(386,781) |
|||
Share-based compensation expenses |
236,469 |
124,638 |
134,570 |
18,558 |
|||
Non-GAAP net loss |
(2,464,413) |
(2,212,320) |
(2,670,082) |
(368,223) |
|||
Net loss attributable to ordinary
|
(2,700,882) |
(2,336,958) |
(2,804,652) |
(386,781) |
|||
Share-based compensation expenses |
236,469 |
124,638 |
134,570 |
18,558 |
|||
|
|
|
|
|
|
|
|
Non-GAAP net loss attributable to
|
(2,464,413) |
|
(2,212,320) |
|
(2,670,082) |
|
(368,223) |
Weighted average number of
|
|||||||
Basic and diluted |
1,708,557,461 |
1,722,080,453 |
1,723,369,664 |
1,723,369,664 |
|||
Non-GAAP net loss per ordinary
|
|||||||
Basic and diluted |
(1.44) |
(1.28) |
(1.55) |
(0.21) |
|||
Weighted average number of ADS
|
|||||||
Basic and diluted |
854,278,731 |
861,040,227 |
861,684,832 |
861,684,832 |
|||
Non-GAAP net loss per ADS |
|||||||
Basic and diluted |
(2.88) |
(2.57) |
(3.10) |
(0.43) |
View source version on businesswire.com: https://www.businesswire.com/news/home/20230818011769/en/
For Investor Enquiries
IR Department
XPeng Inc.
E-mail: ir@xiaopeng.com
Jenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: xpeng@tpg-ir.com
For Media Enquiries
PR Department
XPeng Inc.
E-mail: pr@xiaopeng.com
Source: XPeng Inc.
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