On the evening of November 19th, Xiaopeng Motors released its financial report, which showed that in the third quarter of 2024, the company's revenue was 10.1 billion yuan, an increase of 18.4% compared to the same period in 2023, and a month on month increase of 24.5% in the second quarter of 2024; Net loss of 1.81 billion yuan, compared to a loss of 3.89 billion yuan in the same period of 2023 and a loss of 1.28 billion yuan in the second quarter of 2024; Gross profit margin of 15.3%; The non GAAP net loss was RMB 1.53 billion (USD 220 million), compared to a loss of RMB 2.79 billion in the same period of 2023 and a loss of RMB 1.22 billion in the second quarter of 2024; The total delivery of vehicles was 46533, an increase of 16.3% compared to the same period in 2023 with 40008 vehicles.
At the 2024 Q3 earnings conference held on the same day, He Xiaopeng, Chairman of Xiaopeng Motors, stated that by 2025, Xiaopeng Motors will enter a strong product cycle and plans to launch at least four new cars, including the first super electric version. Previously, Xiaopeng Motors had released the extended range system "Xiaopeng Kunpeng Super Electric System", which uses 800V high-voltage pure electric technology.
During the financial conference call, the management of Xiaopeng Motors also stated that through the dual shift production plan, the annual production capacity of Xiaopeng Motors' Guangzhou and Zhaoqing factories is currently about 200000 to 300000 vehicles. Xiaopeng Motors has planned its production schedule before 2026 and is collaborating with suppliers to expand production capacity. He Xiaopeng stated that the company's delivery volume in November will exceed 30000 vehicles, and the delivery volume of Xiaopeng P7+12 will exceed 10000 vehicles.