On November 15th, Xiaopeng Automobile released its financial report for the third quarter of 2023. According to the financial report, Xiaopeng Automobile's revenue in the third quarter exceeded 8.5 billion yuan, a year-on-year increase of 25.0% and a month on month increase of 68.5%, indicating a strong return to historical highs. The total delivery volume in the third quarter was 40008 units, reaching the milestone of 40000 units delivered in a single quarter, an increase of 72.4% month on month. With significant growth in delivery volume and revenue, as well as cost reduction in scale, Xiaopeng Automobile's cash reserves reached nearly 36.5 billion yuan, an increase of 8% month on month and 2.74 billion yuan compared to the previous quarter.
Based on strong product sales expectations, Xiaopeng Automobile has raised its performance guidance for the fourth quarter, with an expected delivery volume of 59500-63500 units, a year-on-year increase of approximately 101.2% to 114.7%, and an expected total revenue of 12.7-13.6 billion yuan, a year-on-year increase of approximately 86.1% to 99.3%, breaking a new historical high. Xiaopeng Automobile's revenue increased significantly in the third quarter compared to the previous quarter, thanks to the increase in the delivery volume of the full product matrix with G6 as the main model. Since its launch, the Xiaopeng G6 has continued to sell well, driving the attention of all models and stores to increase. During peak periods, the passenger flow of Xiaopeng Automobile stores has increased by 30% -40%. In addition to a significant increase in delivery volume, thanks to effective measures such as large-scale car manufacturing and comprehensive cost reduction, Xiaopeng Automobile's cash reserves have also increased significantly month on month, and its cost control level has also greatly improved. Xiaopeng Automobile's gross profit margin increased by 1.2 percentage points in the third quarter. As of the end of the third quarter, the company's cash reserves amounted to nearly 36.5 billion yuan, an increase of 2.74 billion yuan compared to the previous quarter, with a month on month increase of 8%. This has laid a solid foundation for Xiaopeng Automobile's continuous research and development investment, improvement of sales service quality, and global layout.