XPeng Auto officially learned that Xpeng Motors released its 2022 Q4 and full-year financial reports today. The total revenue in the fourth quarter of 2022 will be RMB 5.14 billion, a year-on-year decrease of 39.9%; Car deliveries were 22,204 units, down 46.8% year-on-year.
In 2022, XPeng Auto will deliver 120,000 units, up 23% year-over-year, with annual revenue of $26.9 billion, up 28% year-over-year, and cash reserves of $38.3 billion. in 2022, XPeng Auto will invest over $5.2 billion in R&D, up 27% year-over-year. For 2022, the net loss of XPeng Automotive will be RMB 9.14 billion, compared to a net loss of RMB 4.86 billion in 2021. On a non-GAAP basis, the net loss is $8.43 billion, compared to a net loss of $4.48 billion in 2021.
For the first quarter of 2023, Xpeng Auto expects vehicle deliveries to range from 18,000 to 19,000 units, a decrease of approximately 45.0% to 47.9% year-over-year, and total revenue to range from RMB4.0 billion to RMB4.2 billion, a decrease of approximately 43.7% to 46.3% year-over-year.
By the end of 2022, Xpeng Auto will have 420 domestic sales stores covering 143 cities and 1,014 self-operated charging stations covering all prefecture-level cities in China, including 808 self-operated supercharging stations.
“We have comprehensively sorted out the strategic plan, and boldly pushed forward the organizational structure adjustment to make up for the shortcomings of the team’s capability.” He Xiaopeng, chairman and CEO of Xpeng Auto, said, “From 2023 to 2027, the industry will move from the rapid penetration stage of electrification to the era of intelligent and accelerated disruption, and we are confident to become the leader of intelligent electric vehicles.”
“As we optimize our product portfolio and significantly improve our marketing system capabilities, we will resume growth in sales and market share.” Dr. Hongdi Gu, Vice Chairman Emeritus and Co-President of Xpeng Auto, said, “At the same time, we will improve operational efficiency across our processes and continue to reduce costs.”