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16h ago

XPeng Projects Strong Q2 Growth Following Record Q1 Deliveries and Revenue

XPeng reports a 330% year-over-year increase in Q1 deliveries, unveils new models, and targets Level 3 autonomy by year-end 2025.

Chinese electric vehicle (EV) maker Xpeng displays its lineup of SUVs and sedans at a company event by the Victoria Harbour in Hong Kong, China April 15, 2025. REUTERS/Brian Thevenot
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Overview

  • XPeng's Q1 2025 revenue reached ¥15.81 billion, exceeding Wall Street expectations, with 94,008 vehicle deliveries surpassing prior guidance.
  • The company forecasts Q2 deliveries of 102,000–108,000 vehicles and revenue between ¥17.5 billion and ¥18.7 billion, reflecting significant growth potential.
  • XPeng unveiled the Mona M03 Max and a refreshed P7 sedan, enhancing its product lineup as it expands into new European markets.
  • BYD's weekly registrations fell 18.9% to 55,100 units, but its year-to-date total surpassed 1 million vehicles, maintaining its market leadership.
  • Tesla's registrations surged 258% week-over-week to 11,100 units, while Xiaomi saw a 40% rebound to 7,160 units ahead of its YU7 SUV launch on May 22.