Written by Cláudio Afonso | LinkedIn | X
Chinese carmaker XPeng reported on Tuesday its fourth quarter earnings results posting a jump in gross margin and automotive revenue while achieving higher margins.
The company reported a Q4 earnings per share (EPS) loss of 0.73 yuan, beating analyst expectations by 1.43 yuan, as the estimated loss was 2.16 yuan. Quarterly revenue reached 16.11 billion yuan, slightly above the consensus estimate of 16.06 billion yuan.
The company delivered 91,507 in the last three months of 2024 and expects deliveries in Q1 2025 to be between 91,000 and 93,000 — in-line or slightly above quarter over quarter but a jump of 317.0% to 326.2% when compared to the first quarter of 2024.
The Guangzhou based carmaker delivered 30,350 vehicles in January and 30,453 vehicles in February.
Gross margin also improved in the final quarter of last year to 14.4%, up 6.2% year on year but down slightly from 15.3% for the third quarter of 2024.
Gross profit jumped 187% year on year and 50.8% quarter over quarter to 3.32 billion yuan. As of the time of writing, Xpeng shares are trading 2% higher at $25.01.
Earlier this week, the CEO He Xiaopeng said he expects cumulative deliveries of its Mona M03 hatchback coupe to surpass 100,000 units in April. The model has accounted for about half of the carmaker’s sales in recent months.
The Mona M03, the company’s most affordable model, debuted in Guangzhou with a starting price of 119,800 yuan ($16,500). The model is available in three versions, priced up to 155,800 yuan ($21,500).
