XPENG-W released its third-quarter results, with automotive sales revenue of 8.8 billion yuan, a year-on-year increase of 12.1%, and gross margin further increased to 15.3%
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XPENG-W released its unaudited financial performance for the third quarter of 2024, with automotive sales revenue of 8.8 billion yuan, a year-on-year increase of 12.1%; gross margin improved to 15.3%. Total revenue reached 10.1 billion yuan, a year-on-year increase of 18.4%; net loss was 1.81 billion yuan, an increase of 53.5% compared to the same period last year. The delivery volume for the third quarter was 46,533 vehicles, an increase of 16.3% compared to the same period last year. The company stated that it will focus on AI automotive technology research and development in the future to promote healthy growth in sales and gross profit
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