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XPeng Reports Loss, But Vehicle Deliveries Soar 149%

11/17/2025

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Summary

Story summary

XPeng Inc. reported a third-quarter net loss of 380.9 million yuan, an improvement from 1.81 billion yuan a year earlier.
Vehicle deliveries rose 149.3% to 116,007 units, with revenue up 101.8% to 20.38 billion yuan.
The fourth-quarter revenue forecast of 21.5–23 billion yuan missed the 25.09 billion yuan consensus, and shares fell about 8%.
Analysts note that research and development spending rose 48.7% year-over-year.

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Story summary

XPeng Inc. reported a third-quarter net loss of 380.9 million yuan, an improvement from 1.81 billion yuan a year earlier.
Vehicle deliveries rose 149.3% to 116,007 units, with revenue up 101.8% to 20.38 billion yuan.
The fourth-quarter revenue forecast of 21.5–23 billion yuan missed the 25.09 billion yuan consensus, and shares fell about 8%.
Analysts note that research and development spending rose 48.7% year-over-year.