XPeng reported third quarter 2023 unaudited financial results. Total deliveries of vehicles increased by 72.4% to 40,008, while the physical sales network had a total of 395 stores. Total revenues increased by 68.5% to RMB8.53 billion, with an increase of 25.0% from the same period of 2022. Revenues from vehicle sales increased by 77.3% to RMB7.84 billion. Gross margin was negative 2.7%, an increase of 1.2 percentage points quarter-over-quarter.