Zinger Key Points
- XPeng Q4 sales rose 23.4% Y/Y, surpassing estimates with 52.1% growth in vehicle deliveries.
- XPeng expects Q1 vehicle deliveries of 91K-93K, projecting revenue of 15B-15.7B Chinese Yuan.
- Join Nic Chahine live on Wednesday, March 19, at 6 PM ET for a step-by-step breakdown of how to to capitalize on post-Fed volatility and manage risk in this fast-moving market. Register for this free strategy session today.
Chinese EV maker XPeng Inc XPEV shares are trading lower premarket on Tuesday. The company reported fiscal fourth-quarter sales growth of 23.4% year-on-year to 16.11 billion Chinese Yuan ($2.21 billion), topping the consensus estimate of 16.02 billion Chinese Yuan.
Total revenues increased 59.4% sequentially in the quarter. The Tesla Inc TSLA rival's quarterly vehicle deliveries increased 52.1% Y/Y to 91,507. XPeng's physical sales network had 690 stores, covering 226 cities as of December 31, 2024.
XPeng's self-operated charging station network reached 1,920 stations as of December 31, 2024. Revenues from vehicle sales increased 20.0% Y/Y to 14.67 billion Chinese Yuan ($2.01 billion) on higher deliveries.
Gross margin was 14.4% versus 6.2% a year ago. Vehicle margin was 10.0% versus 4.1% a year ago, primarily attributable to the cost reduction. Operating loss for the quarter was 1.56 billion Chinese Yuan ($0.21 billion).
Adjusted net loss per ADS of 1.47 Chinese Yuan missed the analyst consensus estimate for a loss of 1.35 Chinese Yuan. In USD terms, the adjusted earnings per ADS was a loss of 20 cents in-line with the consensus of 20 cents loss.
The company held $5.75 billion in cash and equivalents as of December 31, 2024.
Read: Tesla Rival XPeng Eyes $13.8 Billion Investment In Humanoid Robots, Says Chinese State Media
Chairman and CEO of XPENG, Xiaopeng He, highlighted the company’s strategic positioning to expand its market share in the Smart EV sector both in China and internationally.
He emphasized that AI will play a crucial role in advancing L3 and L4 autonomous driving within the automotive industry. The company’s goal is to establish XPENG as a globally recognized AI-driven automotive company and a smart technology brand that resonates with users worldwide.
Outlook: XPENG projects first-quarter vehicle deliveries between 91,000 and 93,000, reflecting a surge of 317% to 326.8% Y/Y.
The company anticipates revenue of 15 billion Chinese Yuan to 15.7 billion Chinese Yuan, vs. the consensus of 14.684 billion Chinese Yuan.
Investors can gain exposure to the stock via VanEck Low Carbon Energy ETF SMOG and Invesco WilderHill Clean Energy ETF PBW.
Price Action: XPEV shares are down 0.49% at $24.44 premarket at the last check Monday.
Read Next:
Image via Shutterstock.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.