小鹏汽车2025年第三季度未经审计财务业绩报告

XPENG Reports Third Quarter 2025 Unaudited Financial Results November 17, 2025 Cash and cash equivalents, restricted cash, short-term investments and time deposits wereRMB48.33 billion(US$6.79billion) as ofSeptember 30, 2025Quarterly total revenues wereRMB20.38 billion, a 101.8% increase year-over-yearQuarterly gross margin was 20.1%, an increase of 4.8 percentage points over the same period of 2024Quarterly vehicle margin was 13.1%, an increase of 4.5 percentage points over the same period of 2024 GUANGZHOU, China,Nov. 17, 2025/PRNewswire/ --XPeng Inc.("XPENG"or the"Company,"NYSE: XPEV and HKEX: 9868), a leading Chinesesmart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months endedSeptember 30, 2025. Operational and Financial Highlights for the Three Months EndedSeptember 30, 2025 2025Q32025Q2 2025Q1 2024Q4 2024Q3 2024Q2 Total deliveries116,007103,18194,008 Total deliveries of vehicleswere 116,007 for the third quarter of 2025, representing an increase of 149.3% from 46,533 XPENG'sphysical sales networkhad a total of 690 stores, covering 242 cities as ofSeptember 30, 2025. XPENGself-operated charging station networkreached 2,676 stations, including 1,623 XPENG S4 and S5 ultra-fast Total revenueswereRMB20.38 billion(US$2.86 billion) for the third quarter of 2025, representing an increase of 101.8%from the same period of 2024, and an increase of 11.5% from the second quarter of 2025. Revenues from vehicle saleswereRMB18.05 billion(US$2.54 billion) for the third quarter of 2025, representing an Gross marginwas 20.1% for the third quarter of 2025, compared with 15.3% for the same period of 2024 and 17.3% for Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was 13.1% for the thirdquarter of 2025, compared with 8.6% for the same period of 2024 and 14.3% for the second quarter of 2025. Net losswasRMB0.38 billion(US$0.05 billion) for the third quarter of 2025, compared withRMB1.81 billionfor the sameperiod of 2024 andRMB0.48 billionfor the second quarter of 2025. Excluding share-based compensation expenses andfair value loss (gain) on derivative liability relating to the contingent consideration,non-GAAP net losswasRMB0.15 Net loss attributable to ordinary shareholders of XPENGwasRMB0.38 billion(US$0.05 billion) for the third quarter of2025, compared withRMB1.81 billionfor the same period of 2024 andRMB0.48 billionfor the second quarter of 2025.Excluding share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent Basic and diluted net loss per American depositary share (ADS)were bothRMB0.40(US$0.06) andbasic anddiluted net loss per ordinary sharewere bothRMB0.20(US$0.03) for the third quarter of 2025. Each ADS represents Non-GAAP basic and diluted net loss per ADSwere bothRMB0.16(US$0.02) andnon-GAAP basic and diluted netloss per ordinary sharewere bothRMB0.08(US$0.01) for the third quarter of 2025. Cash and cash equivalents, restricted cash, short-term investments and time depositswereRMB48.33 billion (US$6.79 billion) as ofSeptember 30, 2025, compared withRMB47.57 billionas ofJune 30, 2025. Time deposits includerestricted short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, Key Financial Results Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presentedManagement Commentary "In the third quarter of 2025,XPENGdelivered another set of record results. Vehicle deliveries, revenue, gross margin and cash on hand all reachednew highs," said Mr.Xiaopeng He, Chairman and CEO ofXPENG. "We are in the early stages of rapid expansion in terms of sales volume and marketshare, with Robotaxi and humanoid robots advancing rapidly toward mass production. I firmly believeXPENGwill evolve into a global embodied AI "With effective cost control and technology-related revenue streams unlocking greater potential, our gross margin exceeded 20% for the first time inthe third quarter," added Dr.Hongdi Brian Gu, Vice Chairman and Co-President ofXPENG. "Continuous operational improvement deepens ourcommitment to Physical AI R&D. Meanwhile, we look forward to collaborating with more global business and technology partners to expand the Recent Developments Deliveries inOctober 2025 Total deliveries were 42,013 vehicles inOctober 2025.As ofOctober 31, 2025, year-to-date total deliveries were 355,209 vehicles. 2025 XPENG AI Day OnNovember 5, 2025, XPENG hosted its 2025 AI Day event inGuangzhou. The Company demonstrated its achievements and mass productionplans in physical AI, including XPENG VLA 2.0, Robotaxi, Next-Gen IRON humanoid robot. Unaudited Financial Results for the Three Months EndedSeptember 30, 2025 Total revenueswereRMB20.38 billion(US$2.86 billion) for the third quarter of 2025, representing an increase of 101.8% fromRMB10.10 billionfo