XPeng Shrinks 2024 Loss as Revenue Hikes 33%

MT Newswires Live
03-18

XPeng (HKG:9868) shrank its attributable loss for the year 2024 to 5.79 billion yuan from 10.4 billion yuan in the year-ago period, a Tuesday filing with the Hong Kong bourse said.

Loss per share stood at 3.06 yuan, down from 5.96 yuan in the corresponding period last year.

The electric vehicle maker saw its revenue for the year increase by 33% to 40.9 billion yuan from 30.7 billion yuan a year prior.

The company saw 190,068 vehicles delivered in 2024, up 34% from 141,601 in 2023.

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