On the evening of the 21st, Xiaopeng Motors handed over its first quarter performance report. In this quarter, although the net loss of Xiaopeng Motors narrowed compared to market expectations, it still reached 1.37 billion yuan. Due to the lagging delivery volume in the first quarter, Xiaopeng's single vehicle loss further expanded to 62800 yuan. More importantly, thanks to the technological service benefits brought about by cooperation with Volkswagen, Xiaopeng Motors has narrowed its losses. Non automotive sales revenue contributed the majority of Xiaopeng Automobile's gross profit. For the second quarter of this year, this new energy vehicle company still has lower delivery expectations. In the first quarter of this year, Xiaopeng's automotive gross profit margin significantly increased, reaching 5.5%, compared to -2.5% in the same period of 2023.