Xpeng Motors' revenue in the first quarter of 2024 reached 6.55 billion yuan, a year-on-year increase of 62.3%

Xpeng Motors achieved revenue of 6.55 billion yuan in the first quarter of 2024, an increase of 62.3% compared with the same period last year. During this period, the company delivered a total of 21,821 vehicles, a year-on-year increase of 19.7%. Despite significant growth in revenue and delivery volume, the company still faces net loss pressure, with a net loss of 1.37 billion yuan this quarter. Additionally, the company's gross profit margin was 12.9%. Xpeng Motors currently has 574 stores and 1,171 self-operated charging stations, including 359 S4 ultra-fast charging stations. For the upcoming second quarter, the company expects delivery volume to be 29,000 to 32,000 vehicles, and revenue is expected to be between 7.5 billion and 8.3 billion yuan.