$XPEV (-4.47%) Inc. Q3 FY2024 #EarningsReport Summary

In Q3 FY2024, XPENG achieved significant operational and financial progress, with revenue growth driven by higher vehicle deliveries and improved gross margins. Strategic initiatives in AI and new product launches marked this period.

📊 Income Statement Highlights (vs. Q3 FY2023):

▫️ Net Loss: $0.26B vs. $0.55B (-53.5%)

▫️ Total Revenue: $1.44B vs. $1.21B (+18.4%)

▫️ Vehicle Sales: $1.25B (+12.1%)

▫️ Services and Others: $0.19B (+90.7%)

▫️ Gross Margin: 15.3% vs. -2.7% (+18.0 pts)

▫️ Vehicle Margin: 8.6% vs. -6.1% (+14.7 pts)

💼 Balance Sheet Highlights (as of Sep 30, 2024):

▫️ Total Assets: $10.89B

▫️ Total Liabilities: $6.33B

▫️ Equity: $4.56B

🔮 Future Outlook:

▫️ Q4 Vehicle Deliveries: Expected between 87,000 and 91,000 (+44.6% to +51.3% YoY).

▫️ Q4 Revenue: Anticipated between $2.18B and $2.31B (+17.2% to +24.1% YoY).

XPENG’s future strategy focuses on mass adoption of AI technology in mobility, emphasizing cost-efficient growth and continued innovation in smart EV solutions.