On May 21st, Xiaopeng Motors released its Q1 2024 financial report. Xiaopeng Automobile's total revenue in the first quarter was 6.55 billion yuan, a year-on-year increase of 62.3% and a month on month decrease of 49.8%; The net loss was 1.37 billion yuan, slightly narrowing compared to the same period and slightly expanding compared to the previous period; The gross profit margin is 12.9%, 1.7% in the same period of 2023, and 6.2% in the fourth quarter of 2023.
Xiaopeng Motors sold 21800 vehicles in the first quarter, a decrease of 63.8% month on month and a year-on-year increase of 19.8%.