---
title: "XPeng's Q3 net loss narrowed by 53.5%, Q4 delivery guidance hits all-time high | Earnings report insights"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/220071526.md"
description: "With the support of the two major bestsellers, XPeng MONA M03 and XPeng P7+, as well as the highest overseas export sales among new forces, XPeng has provided the strongest single-quarter delivery guidance in history, expecting to deliver 87,000 to 91,000 new cars in Q4"
datetime: "2024-11-19T10:41:28.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/220071526.md)
  - [en](https://longbridge.com/en/news/220071526.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/220071526.md)
---

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# XPeng's Q3 net loss narrowed by 53.5%, Q4 delivery guidance hits all-time high | Earnings report insights

With the support of the two major bestsellers, the Xiaopeng MONA M03 and Xiaopeng P7+, as well as the highest overseas export sales among new forces, Xiaopeng Motors has provided the strongest single-quarter delivery guidance in history, expecting to deliver 87,000 to 91,000 new vehicles in Q4.

On the 19th, Xiaopeng Motors announced its third-quarter financial report:

> -   Revenue of 10.1 billion yuan, a year-on-year increase of 18%, estimated at 9.91 billion yuan;
> -   Net loss of 1.81 billion yuan, compared to 3.89 billion yuan in the same period of 2023, a year-on-year narrowing of 53.5%, with a projected loss of 1.28 billion yuan in Q2 2024;
> -   Adjusted loss per share of 0.81 yuan, compared to a loss of 1.61 yuan per share in the same period last year;
> -   Total delivery of 46,533 smart electric vehicles in the third quarter, a year-on-year increase of 16.3%, exceeding the delivery target;
> -   Gross margin of 15.3%, setting a new historical high for a single quarter, an increase of 18 percentage points year-on-year.
> 
> 
Xiaopeng Motors expects **Q4 revenue to be between 15.3 billion yuan and 16.2 billion yuan, with expected delivery volume of 87,000 to 91,000 vehicles.**

Xiaopeng Motors Vice Chairman and Co-President Gu Hongdi stated:

> “Through cost reductions driven by technology and a significant month-on-month increase in sales, **our gross margin reached a historical high of 15.3%, achieving profit margin improvement for the fifth consecutive quarter.** Our main product cycle will not only drive sales growth but also bring healthy gross margins and cash flow.
> 
> This strong financial foundation will enable us to continue investing in the research and development of artificial intelligence technology and provide high-quality products and services to our customers.”

## Strong Growth in Revenue and Delivery Volume

**In this quarter, Xiaopeng Motors showed strong growth in both revenue and delivery volume.** The financial report shows that Xiaopeng Motors' total revenue in the third quarter was 10.1 billion yuan, of which:

> Revenue from vehicle sales was 8.8 billion yuan, a year-on-year increase of 12.1% and a quarter-on-quarter increase of 29.0%;
> 
> Service and other revenue was 1.31 billion yuan, a year-on-year increase of 90.7%;
> 
> The growth in revenue was mainly due to the increase in delivery volume, with a total of 46,533 vehicles delivered in the third quarter, an increase of 16.3% year-on-year.

In the third quarter, Xiaopeng Motors' R&D expenses reached 1.63 billion yuan, a year-on-year increase of 25.1%, reflecting the company's continued investment in new model development and technological innovation.

In terms of overseas exports, **Xiaopeng Motors' sales reached a new high, ranking first among new force companies in export volume.** Among them, overseas sales in Q3 increased by 70% quarter-on-quarter, accounting for 15% of the company's total sales.

Currently, Xiaopeng Motors has 639 sales stores, covering 206 cities nationwide. Xiaopeng has 1,557 self-operated charging stations, with 259 new self-operated stations added in the third quarter, and 6 new liquid-cooled S5 super-fast charging stations launchedOn November 7th, the "world's first AI car" XPeng P7+ was officially launched and achieved mass production and delivery within the month. According to XPeng Motors, the new car is equipped with XPeng's self-developed AI Tianji 5.4.0, end-to-end large model, and AI Eagle Eye intelligent driving solution.

XPeng Motors Chairman and CEO He Xiaopeng commented on this quarter's financial report:

> "Our core competitiveness and execution capability have undergone a significant transformation. The successful launch of M03 and P7+ marks our entry into a strong growth cycle supported by major product cycles. I believe the next decade will be the era of artificial intelligence."
> 
> "I am confident in leading XPeng Motors to become a global artificial intelligence automotive company and accelerating the large-scale application of artificial intelligence in the mobility sector."

### 相关股票

- [XPeng (XPEV.US)](https://longbridge.com/zh-CN/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/zh-CN/quote/09868.HK.md)

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