XPENG-W releases second-quarter financial results, achieving total revenue of RMB 8.111 billion, a year-on-year increase of 60.22%, with gross profit margin further improving to 14.0%
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XPENG-W released its second-quarter performance for 2024, with total revenue of 8.111 billion RMB, a year-on-year increase of 60.22%. Net loss attributable to common stockholders narrowed to 1.285 billion RMB, a decrease of 54.19% year-on-year; gross profit margin increased to 14.0%. The car delivery volume for this quarter was 30,200 units, a 30.2% year-on-year increase. Chairman He Xiaopeng stated that the company will enter a strong product cycle and is confident in returning to a fast growth track. The improvement in gross profit margin is attributed to cost reduction through technology and strategic cooperation
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