XPeng Reports 330% Vehicle Delivery Growth, $2.19B Q1 Revenue

XPeng reported robust first-quarter 2025 financial results, with total revenue reaching 15.81 billion yuan ($2.19 billion), surpassing analyst expectations and more than doubling from the previous year. Vehicle sales revenue surged 159.2% to 14.37 billion yuan, driven by deliveries of 94,008 vehicles, which exceeded guidance and analyst forecasts. The company improved its gross margin to 15.6% and vehicle margin to 10.5%, signaling enhanced operational efficiency despite a net loss that was narrower than expected. CEO He Xiaopeng expressed confidence in the company's growth potential, citing a strong product cycle, global market expansion to 60 countries by year-end, and advancements in physical AI technologies. XPeng also unveiled new and refreshed vehicle models and continued to expand its sales and charging infrastructure, supporting its strategy to sustain growth. Following the earnings release, XPeng's U.S.-listed shares rose over 7% in premarket trading.