Loading...
01/09 22:25
Loading...
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call reveals strong financial performance with record vehicle deliveries and revenue growth, despite no share buyback program. The Q&A highlights strategic expansions and product launches, including the Turing chip and Mona series, which are seen positively by analysts. Although management avoided specifics on certain metrics, the overall sentiment remains positive with expected margin improvements and international growth. The partnership with VW and aggressive new model launches further boost sentiment. Therefore, the stock price is likely to see a positive movement in the next two weeks.
Total Revenues RMB15.81 billion, an increase of 141.5% year-over-year; increase attributed to higher deliveries.
Vehicle Sales Revenues RMB14.37 billion, an increase of 159.2% year-over-year; increase attributed to higher deliveries.
Services and Others Revenues RMB1.44 billion, an increase of 43.6% year-over-year; increase attributed to higher revenues from technical R&D services, repair and maintenance services, and auto financing services.
Gross Margin 15.6%, compared to 12.9% for the same period of 2024; increase attributed to ongoing cost reduction and economies of scale.
Vehicle Margin 10.5%, compared to 5.5% for the same period of 2024; increase attributed to ongoing cost reduction and economies of scale, partially offset by inventory provision and losses on purchase commitment.
R&D Expenses RMB1.98 billion, an increase of 46.7% year-over-year; increase attributed to higher expenses related to the development of new vehicle models and technologies.
SG&A Expenses RMB1.95 billion, an increase of 40.2% year-over-year; increase attributed to higher commissions paid to franchise stores due to higher sales volume.
Loss from Operations RMB1.04 billion, compared with RMB1.65 billion year-over-year; decrease attributed to improved revenue performance.
Net Loss RMB0.66 billion, compared with RMB1.37 billion year-over-year; decrease attributed to improved revenue performance.
Free Cash Flow Exceeds RMB3 billion; specific reasons for change not mentioned.
Cash and Cash Equivalents RMB45.28 billion as of March 31, 2025; specific reasons for change not mentioned.
Mona M03 Max Launch: On May 28, XPeng will launch the Mona M03 Max, debuting Turing AI-assisted driving in the RMB150,000 price sector.
G7 Launch: In June, the G7 will debut as a competitive new product in the RMB250,000 class SUV market.
New Generation P7 Launch: In Q3, XPeng will launch the new generation P7, a luxury sports coupe in the RMB300,000 segment.
Kunpeng Super Electric Models: In Q4, the Kunpeng Super Electric models will begin mass production, expanding consumer reach.
Overseas Deliveries Growth: In Q1 2025, overseas deliveries increased by over 31,700 units year-over-year, establishing XPeng as China's leading exporter of mid- to high-end new energy vehicles.
New Store Openings: XPeng opened over 40 new stores abroad, entering key markets such as the U.K. and Indonesia.
Quarterly Deliveries: Q1 deliveries totaled 94,008 units, a 331% year-over-year increase, setting a new record.
Gross Margin Improvement: Vehicle gross margin improved for seven consecutive quarters, reaching a record high of 15.6% in Q1 2025.
Free Cash Flow: Free cash flow exceeded RMB3 billion in Q1.
AI Development Strategy: XPeng is implementing a full-scale AI strategy, focusing on advanced autonomous driving and AI-powered vehicles.
Democratizing Technology: XPeng aims to make premium technology accessible through innovative R&D and product offerings.
Competitive Pressures: XPeng faces significant competition in the EV market, particularly from established automotive brands and emerging EV companies, which may impact market share and pricing strategies.
Regulatory Issues: The company operates in a highly regulated industry, and changes in regulations or compliance requirements could pose risks to operations and profitability.
Supply Chain Challenges: XPeng may encounter supply chain disruptions, particularly in sourcing components for vehicle production, which could affect delivery timelines and production costs.
Economic Factors: Fluctuations in economic conditions, including consumer spending and inflation, could impact demand for XPeng's vehicles and overall financial performance.
Technological Risks: As XPeng invests heavily in AI and autonomous driving technologies, there are inherent risks associated with the development and implementation of these technologies, including potential delays or failures.
Market Expansion Risks: XPeng's global expansion strategy may face challenges such as cultural differences, local competition, and varying consumer preferences in international markets.
Q1 Deliveries: Total deliveries reached 94,008 units, a 331% year-over-year increase, establishing a new historical record.
Vehicle Gross Margin: Improved for seven consecutive quarters, reaching a record high of 15.6% in Q1 2025.
AI Innovations: XPeng is focusing on AI-driven tech innovations across various fields, including AI-assisted driving and humanoid robots.
Product Launches: Upcoming launches include the Mona M03 Max on May 28, the G7 in June, and the new generation P7 in Q3.
Global Expansion: Opened over 40 new stores abroad, entering key markets such as the U.K. and Indonesia.
R&D Investments: Continued investment in AI and chip development to enhance vehicle intelligence and performance.
Q2 Deliveries Guidance: Estimated total vehicle deliveries to range from 102,000 to 108,000 units, reflecting a year-over-year increase of 237.7% to 257.5%.
Revenue Guidance: Expected revenue between RMB17.5 billion to RMB18.7 billion, representing a year-over-year growth of 115.7% to 130.5%.
Profitability Outlook: Expect to achieve profitability in Q4 2025 and generate substantial free cash flow for the entire year.
Share Buyback Program: None
XPeng's earnings call highlights robust growth plans with new vehicle launches, technological advancements, and global expansion. The company's optimistic guidance, particularly in deliveries and revenue, suggests positive market sentiment. The Q&A session revealed no major concerns, with analysts appearing satisfied. The strong guidance outweighs any potential uncertainties, leading to a positive stock price prediction.
XPeng's earnings call indicates strong financial performance with record deliveries, high vehicle gross margins, and robust cash reserves. The company is expanding globally and investing heavily in AI and product development, with optimistic guidance for future profitability. Despite some concerns over declining ASPs, XPeng plans to address this by launching high-end models. Collaboration with Volkswagen and new product launches are expected to drive revenue growth. Overall, the sentiment is positive, with potential for stock price appreciation over the next two weeks.
The earnings call reveals strong financial performance with record vehicle deliveries and revenue growth, despite no share buyback program. The Q&A highlights strategic expansions and product launches, including the Turing chip and Mona series, which are seen positively by analysts. Although management avoided specifics on certain metrics, the overall sentiment remains positive with expected margin improvements and international growth. The partnership with VW and aggressive new model launches further boost sentiment. Therefore, the stock price is likely to see a positive movement in the next two weeks.
The earnings call reveals strong financial performance with record vehicle deliveries and significant revenue growth. Guidance indicates continued expansion and profitability by Q4 2025. Despite risks, the Q&A highlights aggressive new model launches and promising international growth. The absence of a share repurchase program is offset by improving margins and reduced losses. Overall, the outlook is positive with potential catalysts from new models and international expansion, suggesting a positive stock price movement.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
