On March 19th, Xiaopeng Motors (09868. HK, NYSE: XPEV) released its financial reports for the fourth quarter and full year of 2023. In the fourth quarter of 2023, Xiaopeng Automobile achieved a revenue of 13.05 billion yuan, an increase of 154% compared to the same period in 2022; The net loss was 1.348 billion yuan, a year-on-year decrease of 42.9%; The gross profit margin of automobiles is 4.1%.