Xpeng Motors' revenue in the second quarter was 5.06 billion yuan: a year-on-year decrease of 31.9% and a month-on-month increase of 25.5%

News from this site on August 18, Xpeng Motors today released its unaudited financial results for the second quarter of 2023 as of June 30: Revenue was 5.06 billion yuan, a year-on-year decrease of 31.9%, and a month-on-month decrease of 31.9%. Up 25.5%. The main financial performance table attached to this site is as follows:

## The 18,230 units in the first quarter increased by 27.3%.

As of June 30, 2023, Xpeng Motors’ physical sales network has a total of 411 stores, and Xpeng Motors’ self-operated charging station network has reached 1,024 seats, including 824 Xpeng Motors self-operated super charging stations and 200 destination charging stations

Xpeng Motors’ vehicle sales revenue in the second quarter of 2023 was RMB 4.42 billion (USD 610 million),

is down 36.2% from the same period in 2022 and up 25.9% from the first quarter of 2023.

The gross profit margin in the second quarter of 2023 was negative 3.9%, which is a downward trend compared with 10.9% in the same period in 2022 and 1.7% in the first quarter of 2023. Automotive gross margin (i.e., gross profit or loss from vehicle sales as a percentage of vehicle sales revenue) was negative 8.6% in the second quarter of 2023, compared with 9.1% in the same period in 2022, and compared with negative 2.5% in the first quarter of 2023. Compared with the same period in 2022, the net loss in the second quarter of 2023 was 2.70 billion yuan (US$390 million), while the net loss in the second quarter of 2023 was 2.70 billion yuan. In the first quarter, it was 2.34 billion yuan. Excluding share-based compensation expenses, non-GAAP net loss in the second quarter of 2023 was 2.67 billion yuan ($370 million), compared with the same period in 2022, and net loss was 2.46 billion yuan in 2023. 2.21 billion yuan in the first quarter was RMB 2.70 billion, compared with RMB 2.34 billion in the first quarter of 2023. Excluding share-based compensation expenses, Xpeng Motors' non-GAAP net loss attributable to common shareholders was 2.67 billion yuan ($370 million) in the second quarter of 2023, compared with 2022 It was RMB 2.46 billion in the same period, compared with RMB 2.21 billion in the first quarter of 2023

Xpeng Motors' total deliveries in July 2023 were 11,008 vehicles. As of July 31, 2023, cumulative total deliveries for the year were 52,443 vehicles.

For the third quarter of 2023, Xpeng Motors officially expects:

Car delivery volume will range from 39,000 to 41,000 vehicles, a year-on-year increase of approximately 31.9% to 38.7%. Total revenue will range from RMB 8.5 billion to RMB 9 billion, a year-on-year increase of approximately 24.6% to 31.9%

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