Xpeng Q1 Deliveries Surge 331% YoY, Advances in AI and Chip Development

Earnings Call
21 May

Xpeng reported strong Q1 2025 results:
1. Delivered 94,008 vehicles, up 331% year-over-year
2. Achieved record high gross margin of 15.6%
3. Free cash flow exceeded 3 billion RMB
4. Monthly deliveries exceeded 30,000 units for six consecutive months
5. Mona M03 surpassed 100,000 deliveries in 8 months
6. P7 Plus reached 50,000 units produced in 5 months
7. New G6 and G9 models delivered over 7,500 units in April debut

Key AI developments:
1. Developing large-scale cloud-based foundation model with 72 billion parameters
2. Built first 10,000 GPU AI computing cluster in Chinese auto industry
3. Aiming for 200 million video clips of training data by year-end
4. Self-developed Turing chip offers 3-7 times the AI computing power of mainstream automotive chips
5. Plans to introduce AI-assisted driving to 150,000 RMB price segment with Mona M03 Max launch on May 28
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.

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