XPeng's total revenue for the third quarter was 8.53 billion yuan, an increase of 25%; adjusted net loss was 2.79 billion yuan, compared to 2.22 billion yuan in the same period last year. Gross margin remains negative, with a gross margin of -2.7% in the third quarter, compared to 13.53% in the same period last year and -3.9% in the previous quarter.

The company expects fourth-quarter deliveries to be between 59,500 and 63,500 vehicles, an increase of 101.2% to 114.7%; total revenue is expected to be between 12.7 billion and 13.6 billion yuan, a year-on-year increase of 86.1% to 99.3%, and anticipates that vehicle gross margin will turn positive, benefiting from a better product mix in the fourth quarter compared to the third quarter, as well as a reduction in battery costs.

XPeng Chairman He Xiaopeng stated that starting from the third quarter of this year, the company has entered a preliminary positive cycle. Are you this optimistic?

XPeng's total revenue for the third quarter was 8.53 billion yuan, an increase of 25%; adjusted net loss was 2.79 billion yuan, compared to 2.22 billion yuan in the same period last year. Gross margin remains negative, with a gross margin of -2.7% in the third quarter, compared to 13.53% in the same period last year and -3.9% in the previous quarter. The company expects fourth-quarter deliveries to be between 59,500 and 63,500 vehicles, an increase of 101.2% to 114.7%; total revenue is expected to be between 12.7 billion and 13.6 billion yuan, a year-on-year increase of 86.1% to 99.3%, and anticipates that vehicle gross margin will turn positive, benefiting from a better product mix in the fourth quarter compared to the third quarter, as well as a reduction in battery costs. XPeng Chairman He Xiaopeng stated that starting from the third quarter of this year, the company has entered a preliminary positive cycle. Are you this optimistic?

XPeng's losses are widening. Is it really entering a positive cycle?

与大众汽车的合作让小鹏得以把自身在智能化上的投入通过资本和技术合作的方式变现。虽然 G6 让小鹏又有了想象空间，但毕竟还处于产能爬坡之中，再加上本身小鹏面临着巨大的财务压力。可以说，小鹏在背水一战之后又迎来了一个好消息。

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