• XPENG Reports Second Quarter 2025 Unaudited Financial Results

    Source: Nasdaq GlobeNewswire / 19 Aug 2025 02:00:00   America/Los_Angeles

    • Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB47.57 billion (US$6.64 billion) as of June 30, 2025
    • Quarterly total revenues were RMB18.27 billion, a 125.3% increase year-over-year
    • Quarterly gross margin was 17.3%, an increase of 3.3 percentage points over the same period of 2024
    • Quarterly vehicle margin was 14.3%, an increase of 7.9 percentage points over the same period of 2024

    GUANGZHOU, China, Aug. 19, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its unaudited financial results for the three months ended June 30, 2025.

    Operational and Financial Highlights for the Three Months Ended June 30, 2025

     2025Q22025Q12024Q42024Q32024Q22024Q1
           
    Total deliveries103,18194,00891,50746,53330,20721,821
           
    • Total deliveries of vehicles were 103,181 for the second quarter of 2025, representing an increase of 241.6% from 30,207 in the corresponding period of 2024.
    • XPENG’s physical sales network had a total of 677 stores, covering 224 cities as of June 30, 2025.
    • XPENG self-operated charging station network reached 2,348 stations, including 1,304 XPENG S4 and S5 ultra-fast charging stations as of June 30, 2025.
    • Total revenues were RMB18.27 billion (US$2.55 billion) for the second quarter of 2025, representing an increase of 125.3% from the same period of 2024, and an increase of 15.6% from the first quarter of 2025.
    • Revenues from vehicle sales were RMB16.88 billion (US$2.36 billion) for the second quarter of 2025, representing an increase of 147.6% from the same period of 2024, and an increase of 17.5% from the first quarter of 2025.
    • Gross margin was 17.3% for the second quarter of 2025, compared with 14.0% for the same period of 2024 and 15.6% for the first quarter of 2025.
    • Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was 14.3% for the second quarter of 2025, compared with 6.4% for the same period of 2024 and 10.5% for the first quarter of 2025.
    • Net loss was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net loss was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025.
    • Net loss attributable to ordinary shareholders of XPENG was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025. Excluding share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, non-GAAP net loss attributable to ordinary shareholders of XPENG was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025.
    • Basic and diluted net loss per American depositary share (ADS) were both RMB0.50 (US$0.07) and basic and diluted net loss per ordinary share were both RMB0.25 (US$0.04) for the second quarter of 2025. Each ADS represents two Class A ordinary shares.
    • Non-GAAP basic and diluted net loss per ADS were both RMB0.41 (US$0.06) and non-GAAP basic and diluted net loss per ordinary share were both RMB0.20 (US$0.03) for the second quarter of 2025.
    • Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB47.57 billion (US$6.64 billion) as of June 30, 2025, compared with RMB45.28 billion as of March 31, 2025. Time deposits include restricted short-term deposits, short-term deposits, current portion and non-current portion of 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, 
     202520252024YoYQoQ
          
    Vehicle sales16.8814.376.82147.6%17.5%
    Vehicle margin14.3%10.5%6.4%7.9pts3.8pts
    Total revenues18.2715.818.11125.3%15.6%
    Gross profit3.172.461.14178.9%28.8%
    Gross margin17.3%15.6%14.0%3.3pts1.7pts
    Net loss0.480.661.28-62.8%-28.1%
    Non-GAAP net loss0.390.431.22-68.4%-9.5%
    Net loss attributable to ordinary shareholders0.480.661.28-62.8%-28.1%
    Non-GAAP net loss attributable to ordinary shareholders0.390.431.22-68.4%-9.5%
    Comprehensive loss attributable to ordinary shareholders0.490.691.20-58.7%-28.4%

    ____________

    i Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented

    Management Commentary

    “In the second quarter of 2025, XPENG achieved record-high performance across key operational and financial metrics, including vehicle deliveries, revenue, gross margin, and cash position.” said Mr. Xiaopeng He, Chairman and CEO of XPENG. “By 2025, we have completed upgrades to the next generation technology platforms for smart and electrification technologies, further strengthening our technology leadership over our peers. This will enable our strong product cycle to generate stronger momentum and accelerate sales growth.”

    “In the face of intense industry-wide price competition, we remain committed to a long-term, sustainable growth strategy, with rapidly improving operational quality. Our vehicle margin has improved for eight consecutive quarters. In the second quarter, the vehicle margin increased by 3.8 percentage points quarter-on-quarter to 14.3%, while the company’s overall gross margin rose to 17.3%, reaching a new historical high.” added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. “We are confident that we will not only accelerate scale growth but also continue to improve the company’s profitability, enabling us to sustain industry-leading R&D and continuously push the boundaries of technology innovation.”

    Recent Developments

    Deliveries in July 2025

    • Total deliveries were 36,717 vehicles in July 2025.
    • As of July 31, 2025, year-to-date total deliveries were 233,906 vehicles.

    Launch of G7

    On July 3, 2025, XPENG officially launched the G7, a smart electric family SUV and started deliveries in the same month.

    Entry into Agreement on Expanding E/E Architecture Technical Collaboration with the Volkswagen Group

    On August 15, 2025, XPENG and the Volkswagen Group announced entry into an agreement on expanding technical collaboration with respect to Electrical/Electronic architecture (“E/E Architecture”). For details, please refer to the announcement of the Company dated August 15, 2025.

    Unaudited Financial Results for the Three Months Ended June 30, 2025

    Total revenues were RMB18.27 billion (US$2.55 billion) for the second quarter of 2025, representing an increase of 125.3% from RMB8.11 billion for the same period of 2024 and an increase of 15.6% from RMB15.81 billion for the first quarter of 2025.

    Revenues from vehicle sales were RMB16.88 billion (US$2.36 billion) for the second quarter of 2025, representing an increase of 147.6% from RMB6.82 billion for the same period of 2024, and an increase of 17.5% from RMB14.37 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly attributable to higher deliveries.

    Revenues from services and others were RMB1.39 billion (US$0.19 billion) for the second quarter of 2025, representing an increase of 7.6% from RMB1.29 billion for the same period of 2024 and a decrease of 3.5% from RMB1.44 billion for the first quarter of 2025. The year-over-year increase was mainly attributable to the increased revenue from parts and accessories sales in line with higher accumulated vehicle sales. The quarter-over-quarter decrease was primarily attributable to fluctuations in revenues from technical research and development services (“technical R&D services”).

    Cost of sales was RMB15.11 billion (US$2.11 billion) for the second quarter of 2025, representing an increase of 116.6% from RMB6.98 billion for the same period of 2024 and an increase of 13.2% from RMB13.35 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly in line with vehicle deliveries as described above.

    Gross margin was 17.3% for the second quarter of 2025, compared with 14.0% for the same period of 2024 and 15.6% for the first quarter of 2025.

    Vehicle margin was 14.3% for the second quarter of 2025, compared with 6.4% for the same period of 2024 and 10.5% for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributable to the ongoing cost reduction and improvement in product mix of models.

    Services and others margin was 53.6% for the second quarter of 2025, compared with 54.3% for the same period of 2024 and 66.4% for the first quarter of 2025. The quarter-over-quarter decrease was due to the aforementioned fluctuations related to technical R&D services.

    Research and development expenses were RMB2.21 billion (US$0.31 billion) for the second quarter of 2025, representing an increase of 50.4% from RMB1.47 billion for the same period of 2024 and an increase of 11.4% from RMB1.98 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were mainly due to higher expenses related to the development of new vehicle models and technologies as the Company expanded its product portfolio to support future growth.

    Selling, general and administrative expenses were RMB2.17 billion (US$0.30 billion) for the second quarter of 2025, representing an increase of 37.7% from RMB1.57 billion for the same period of 2024 and an increase of 11.4% from RMB1.95 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter increases were primarily attributable to the higher commission to the franchised stores driven by higher sales volume. Moreover, the quarter-over-quarter increase was also due to the higher marketing and advertising expenses.

    Other income, net was RMB0.24 billion (US$0.03 billion) for the second quarter of 2025, representing a decrease of 14.9% from RMB0.28 billion for the same period of 2024 and a decrease of 56.4% from RMB0.54 billion for the first quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the decrease in receipt of government subsidies.

    Fair value gain (loss) on derivative liability relating to the contingent consideration was gain of RMB0.03 billion (US$0.005 billion) for the second quarter of 2025, compared with gain of RMB0.02 billion for the same period of 2024 and loss of RMB0.12 billion for the first quarter of 2025. This non-cash gain (loss) resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. (“DiDi”)’s smart auto business.

    Loss from operations was RMB0.93 billion (US$0.13 billion) for the second quarter of 2025, compared with RMB1.61 billion for the same period of 2024 and RMB1.04 billion for the first quarter of 2025.

    Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.84 billion (US$0.12 billion) for the second quarter of 2025, compared with RMB1.54 billion for the same period of 2024 and RMB0.80 billion for the first quarter of 2025.

    Net loss was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025.

    Non-GAAP net loss, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025.

    Net loss attributable to ordinary shareholders of XPENG was RMB0.48 billion (US$0.07 billion) for the second quarter of 2025, compared with RMB1.28 billion for the same period of 2024 and RMB0.66 billion for the first quarter of 2025.

    Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value (gain) loss on derivative liability relating to the contingent consideration, was RMB0.39 billion (US$0.05 billion) for the second quarter of 2025, compared with RMB1.22 billion for the same period of 2024 and RMB0.43 billion for the first quarter of 2025.

    Basic and diluted net loss per ADS were both RMB0.50 (US$0.07) for the second quarter of 2025, compared with RMB1.36 for the second quarter of 2024 and RMB0.70 for the first quarter of 2025.

    Non-GAAP basic and diluted net loss per ADS were both RMB0.41 (US$0.06) for the second quarter of 2025, compared with RMB1.29 for the second quarter of 2024 and RMB0.45 for the first quarter of 2025.

    Balance Sheets

    As of June 30, 2025, the Company had cash and cash equivalents, restricted cash, short-term investments and time deposits of RMB47.57 billion (US$6.64 billion), compared with RMB41.96 billion as of December 31, 2024 and RMB45.28 billion as of March 31, 2025.

    Business Outlook

    For the third quarter of 2025, the Company expects:

    • Deliveries of vehicles to be between 113,000 and 118,000, representing a year-over-year increase of approximately 142.8% to 153.6%.
    • Total revenues to be between RMB19.6 billion and RMB21.0 billion, representing a year-over-year increase of approximately 94.0% to 107.9%.

    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 U.S. Eastern Time on August 19, 2025 (8:00 PM Beijing/Hong Kong Time on August 19, 2025).

    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 2025 Earnings Conference Call
    Pre-registration link:https://s1.c-conf.com/diamondpass/10049063-j9us45.html
      

    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 26, 2025, by dialing the following telephone numbers:

    United States:+1-855-883-1031
    International:+61-7-3107-6325
    Hong Kong, China:800-930-639
    Mainland China:400-120-9216
    Replay Access Code:10049063
      

    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 become a smart technology company trusted and loved by users worldwide. 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 Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company’s Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

    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 and fair value (gain) loss on derivative liability relating to the contingent consideration, 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 U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

    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 U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.1636 to US$1.00, the exchange rate on June 30, 2025, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

    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.

    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.


    XPENG INC.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)
     
     December 31,
    2024
    RMB    		 March 31,
    2025
    RMB    		 June 30,
    2025
    RMB    		 June 30,
    2025
    US$
    ASSETS
    Current assets
    Cash and cash equivalents    		18,586,274 17,758,846 18,809,493 2,625,704
    Restricted cash3,153,390 4,384,322  4,531,074   632,514
    Short-term deposits12,931,757 13,414,023  13,405,550   1,871,343
    Restricted short-term deposits110,699 247,119  324,144   45,249
    Short-term investments751,290 1,333,692  1,655,299   231,071
    Long-term deposits, current portion452,326 1,122,725  1,079,259   150,659
    Restricted long-term deposits, current portion—  —   591,322   82,545
    Accounts and notes receivable, net2,449,629 2,169,732  1,764,392   246,300
    Installment payment receivables, net, current portion2,558,756 2,403,322  2,671,329   372,903
    Inventory5,562,922 5,968,952  6,602,952   921,737
    Amounts due from related parties43,714 46,110  53,516   7,471
    Prepayments and other current assets3,135,312 3,162,637  3,282,626   458,232
            
    Total current assets49,736,069 52,011,480  54,770,956   7,645,728
            
    Non-current assets       
    Long-term deposits4,489,036 5,239,108  6,055,377   845,298
    Restricted long-term deposits1,487,688 1,780,099  1,118,577   156,147
    Property, plant and equipment, net11,521,863 11,386,033  11,887,778   1,659,470
    Right-of-use assets, net1,261,663 3,959,117  3,863,234   539,287
    Intangible assets, net4,610,469 4,473,265  4,333,824   604,979
    Land use rights, net2,744,424 3,248,877  3,254,589   454,323
    Installment payment receivables, net4,448,416 4,274,761  4,583,734   639,865
    Long-term investments1,963,194 2,077,850  2,144,004   299,291
    Other non-current assets443,283 438,364  414,886   57,916

    Total     non-current assets    		32,970,036 36,877,474  37,656,003   5,256,576
    Total assets
    82,706,105    		 88,888,954 92,426,959 12,902,304


    XPENG INC.
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
    (All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)
     
     December 31,
    2024
    RMB    		  March 31,
    2025
    RMB    		  June 30,
    2025
    RMB    		  June 30,
    2025
    US$    		 
    LIABILITIES
    Current liabilities
    Short-term borrowings    		4,609,123  3,599,123  

    3,199,123    		  

    446,580    		 
    Accounts payable15,181,585  16,039,347   16,958,863    2,367,366  
    Notes payable7,898,896  10,943,996   13,727,997    1,916,354  
    Amounts due to related parties9,364  6,374   984    137  
    Operating lease liabilities, current portion324,496  359,639   466,496    65,120  
    Finance lease liabilities, current portion41,940  12,323   12,096    1,689  
    Deferred revenue, current portion1,275,716  1,172,087   1,491,637    208,224  
    Long-term borrowings, current portion1,858,613  2,531,582   2,262,827    315,878  
    Accruals and other liabilities8,650,636  8,249,108   9,838,487    1,373,400  
    Income taxes payable14,514  13,555   5,237    731  
                
    Total current liabilities39,864,883  42,927,134  47,963,747  6,695,479 
                
    Non-current liabilities           
    Long-term borrowings5,664,518  5,844,002   5,794,528    808,885  
    Operating lease liabilities1,345,852  4,594,734   4,413,697    616,128  
    Finance lease liabilities777,697  759,660  796,947   111,250  
    Deferred revenue822,719  876,804   1,051,654    146,805  
    Derivative liability167,940  285,387   251,085    35,050  
    Deferred tax liabilities341,932  341,932   330,353    46,116  
    Other non-current liabilities2,445,776  2,554,240   1,487,581    207,658  
                
    Total non-current liabilities11,566,434  15,256,759   14,125,845    1,971,892  
                
    Total liabilities51,431,317  58,183,893  62,089,592  8,667,371 
                
    SHAREHOLDERS' EQUITY           
    Class A Ordinary shares104  105  105  15 
    Class B Ordinary shares21  21  21  3 
    Additional paid-in capital70,671,685  70,791,713   70,918,187    9,899,797  
    Statutory and other reserves95,019  106,220   111,841    15,612  
    Accumulated deficit(41,585,549) (42,260,796) (42,744,171) (5,966,856)
    Accumulated other comprehensive income2,093,508  2,067,798  2,051,384  286,362 
                
    Total shareholders' equity31,274,788  30,705,061   30,337,367    4,234,933  
                
    Total liabilities and shareholders’ equity82,706,105  88,888,954   92,426,959    12,902,304  


    XPENG INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
    (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,  
     2024  2025  2025  2025 
     RMB  RMB  RMB  US$ 
            
    Revenues       
    Vehicle sales6,818,867  14,369,298   16,883,696    2,356,873  
    Services and others1,292,540  1,441,330   1,390,709    194,135  
    Total revenues8,111,407  15,810,628   18,274,405    2,551,008  
    Cost of sales       
    Vehicle sales(6,384,289) (12,866,303)  (14,461,688)  (2,018,774)
    Services and others(591,328) (484,795)  (645,387)  (90,093)
    Total cost of sales(6,975,617) (13,351,098)  (15,107,075)  (2,108,867)
    Gross profit1,135,790  2,459,530  3,167,330  442,141 
    Operating expenses       
    Research and development expenses(1,466,752) (1,980,724)  (2,206,144)  (307,966)
    Selling, general and administrative expenses(1,573,601) (1,946,064)  (2,167,241)  (302,535)
    Other income, net278,843  544,040   237,402    33,140  
    Fair value gain (loss) on derivative liability relating to the            
    contingent consideration16,662  (118,229)  34,004    4,747  
    Total operating expenses, net(2,744,848) (3,500,977)  (4,101,979)  (572,614)
    Loss from operations(1,609,058) (1,041,447)  (934,649)  (130,473)
    Interest income356,682  291,227   308,224    43,026  
    Interest expense(81,399) (128,935)  (75,161)  (10,492)
    Investment (loss) gain on long-term investments(35,836) 79,653   24,401    3,406  
    Exchange gain from foreign currency transactions20,801  130,448   142,684    19,918  
    Other non-operating income, net3,525  20,275   3,454    482  
    Loss before income tax benefit (expenses) and share           
    of results of equity method investees(1,345,285) (648,779)  (531,047)  (74,133)
    Income tax benefit (expenses)33,773  (7,991)  9,421    1,315  
    Share of results of equity method investees26,831  (7,276)  43,872    6,124  
    Net loss(1,284,681) (664,046) (477,754) (66,694)
    Net loss attributable to ordinary shareholders of XPeng Inc.(1,284,681) (664,046) (477,754) (66,694)


    XPENG INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED)
    (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,
    		 
     2024  2025  2025  2025 
     RMB  RMB  RMB  US$
    		 
            
    Net loss(1,284,681) (664,046) (477,754) (66,694)
    Other comprehensive income (loss)       
    Foreign currency translation adjustment, net of tax86,709  (25,710) (16,414) (2,291)
    Total comprehensive loss attributable to XPeng Inc.(1,197,972) (689,756) (494,168) (68,985)
    Comprehensive loss attributable to ordinary           
    shareholders of XPeng Inc.(1,197,972) (689,756)  (494,168)  (68,985)
            
    Weighted average number of ordinary shares used in       
    computing net loss per ordinary share       
    Basic and diluted1,888,024,660  1,899,365,591  1,902,441,632  1,902,441,632 
    Net loss per ordinary share attributable       
    to ordinary shareholders       
    Basic and diluted(0.68) (0.35) (0.25) (0.04)
            
    Weighted average number of ADS used in        
    computing net loss per share       
    Basic and diluted944,012,330  949,682,796  951,220,816  951,220,816 
    Net loss per ADS attributable to ordinary shareholders       
    Basic and diluted(1.36) (0.70) (0.50) (0.07)


    XPENG INC.
    UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
    (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,  
     2024  2025  2025  2025 
     RMB  RMB  RMB  US$ 
            
    Loss from operations(1,609,058) (1,041,447)  (934,649)  (130,473)
    Fair value (gain) loss on derivative liability           
    relating to the contingent consideration(16,662) 118,229   (34,004)  (4,747)
    Share-based compensation expenses81,306  120,028   126,475    17,655  
    Non-GAAP loss from operations(1,544,414) (803,190)  (842,178)  (117,565)
    Net loss(1,284,681) (664,046) (477,754) (66,694)
    Fair value (gain) loss on derivative liability           
    relating to the contingent consideration(16,662) 118,229   (34,004)  (4,747)
    Share-based compensation expenses81,306  120,028   126,475    17,655  
    Non-GAAP net loss(1,220,037) (425,789)  (385,283)  (53,786)
    Net loss attributable to ordinary shareholders(1,284,681) (664,046)  (477,754)  (66,694)
    Fair value (gain) loss on derivative liability relating            
    to the contingent consideration(16,662) 118,229   (34,004)  (4,747)
    Share-based compensation expenses81,306  120,028   126,475    17,655  
    Non-GAAP net loss attributable to ordinary           
    shareholders of XPeng Inc.(1,220,037) (425,789) (385,283) (53,786)
                
    Weighted average number of ordinary shares used in       
    calculating Non-GAAP net loss per share        
    Basic and diluted1,888,024,660  1,899,365,591  1,902,441,632  1,902,441,632 
    Non-GAAP net loss per ordinary share        
    Basic and diluted(0.65) (0.22) (0.20) (0.03)
    Weighted average number of ADS used in calculating        
    Non-GAAP net loss per share       
    Basic and diluted944,012,330  949,682,796  951,220,816  951,220,816 
                
    Non-GAAP net loss per ADS       
    Basic and diluted(1.29) (0.45) (0.41) (0.06)

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