XPeng car today announced the first quarter of 2023 financial data, the first quarter revenue 4.03 billion CNY, down 45.9% year-on-year, estimated 4.22 billion CNY; net loss of 2.34 billion CNY, the market expected a net loss of 1.898 billion CNY, the same period last year net loss of 1.7 billion CNY; adjusted loss per share 1.28 CNY. Key results table:
The announcement said that the total delivery volume of Xpeng Auto in the first quarter of 2023 was 18,230 units, down 17.9% from 22,204 units in the fourth quarter of 2022. Total deliveries for April 2023 were 7,079 units. As of April 30, 2023, total cumulative deliveries for the year were 25,309 units.
As of March 31, 2023, Xpeng’s physical sales network reached 425 stores, covering 145 cities.
As of March 31, 2023, Xpeng Auto’s self-operated charging station network reached 1,016 charging stations, including 816 Xpeng Auto self-operated supercharging stations and 200 destination charging stations.
In the first quarter of 2023, Xpeng Auto’s sales revenue was RMB3.51 billion, a decrease of 49.8% compared to the same period in 2022 and a decrease of 24.6% compared to the fourth quarter of 2022.
Xiaopeng He, Chairman and Chief Executive Officer of Xpeng Automotive, said, “In the first quarter of 2023, I made decisive adjustments to the company’s strategy, organization and management team. I am confident that we will create a positive cycle of product sales, team morale, customer satisfaction and brand reputation over the next few quarters. Our first new model, the G6, with SEPA2.0 technology architecture will be officially launched in June 2023 and I believe the G6 will be one of the most anticipated hot-selling breakout models in the new energy SUV market in China priced between RMB 200,000 and RMB 300,000.”
The Xpeng G6 is the first model of the Fuso architecture, positioned as a pure electric mid-size SUV, offering both 2WD and 4WD power, with an 800V + silicon carbide platform for very fast charging and low energy consumption. In addition, the new vehicle is equipped with dual LIDAR, second-generation XNGP and ceiling-level intelligent voice.
