Xpeng Motors Releases Q4 and Full-Year 2025 Financial Results: Q4 Net Profit of RMB 380 Million
2026-03-20
Xpeng Motors Releases Q4 and Full-Year 2025 Financial Results: Q4 Net Profit of RMB 380 Million
On March 20, XPeng Motors announced its financial results for the fourth quarter and full year ended December 31, 2025. In the fourth quarter of 2025, XPeng delivered a record 116,249 smart electric vehicles, up 27% year over year; revenue reached RMB 22.25 billion, also a record high, up 38.2% year over year; net profit amounted to RMB 380 million, marking the company’s first quarterly profit; and gross margin climbed to 21.3%, the highest on record, an increase of 6.9 percentage points from the same period last year. As of December 31, 2025, cash and cash equivalents, restricted cash, short-term investments, and time deposits totaled RMB 47.66 billion, an increase of approximately RMB 5.7 billion compared with the same period in 2024.
In 2025, total revenue reached a record high of RMB 76.72 billion, up 87.7% year on year; full-year gross margin hit a new all-time high of 18.9%, an increase of 4.6 percentage points year on year; annual vehicle deliveries surged to a record 429,445 units, up 125.9% year on year; and R&D spending for the year totaled RMB 9.49 billion, up 47.0% year on year.
For the first quarter of 2026, XPeng expects total vehicle deliveries to range from 61,000 to 66,000 units and total revenue to range from RMB 12.20 billion to RMB 13.28 billion.
Reposted from Sina Auto
Xpeng Motors Releases Q4 and Full-Year 2025 Financial Results: Q4 Net Profit of RMB 380 Million
2026-03-20
Xpeng Motors Releases Q4 and Full-Year 2025 Financial Results: Q4 Net Profit of RMB 380 Million
On March 20, XPeng Motors announced its financial results for the fourth quarter and full year ended December 31, 2025. In the fourth quarter of 2025, XPeng delivered a record 116,249 smart electric vehicles, up 27% year over year; revenue reached RMB 22.25 billion, also a record high, up 38.2% year over year; net profit amounted to RMB 380 million, marking the company’s first quarterly profit; and gross margin climbed to 21.3%, the highest on record, an increase of 6.9 percentage points from the same period last year. As of December 31, 2025, cash and cash equivalents, restricted cash, short-term investments, and time deposits totaled RMB 47.66 billion, an increase of approximately RMB 5.7 billion compared with the same period in 2024.
In 2025, total revenue reached a record high of RMB 76.72 billion, up 87.7% year on year; full-year gross margin hit a new all-time high of 18.9%, an increase of 4.6 percentage points year on year; annual vehicle deliveries surged to a record 429,445 units, up 125.9% year on year; and R&D spending for the year totaled RMB 9.49 billion, up 47.0% year on year.
For the first quarter of 2026, XPeng expects total vehicle deliveries to range from 61,000 to 66,000 units and total revenue to range from RMB 12.20 billion to RMB 13.28 billion.
Reposted from Sina Auto
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