- Xpeng delivered a record 91,507 vehicles in the fourth quarter, exceeding the upper end of its guidance range of 87,000 to 91,000 units.
- It previously guided fourth-quarter revenue to be in the range of RMB 15.3 billion ($2.1 billion) to RMB 16.2 billion, with year-on-year growth of about 17.2 percent to 24.1 percent.
Xpeng (NYSE: XPEV) announced today that it will report its unaudited financial results for the fourth quarter and full year 2024 on Tuesday, March 18, before the US markets open.
The company's management will host an earnings call on March 18 at 8:00 am US Eastern time, or 8:00 pm Beijing time on the same day.
Xpeng delivered 91,507 units in the fourth quarter, an all-time high for a single quarter, exceeding the upper end of its guidance range of 87,000 to 91,000 units, according to its previously announced figures.
Deliveries for the quarter were up 52.11 percent year-on-year and up 96.65 percent from the third quarter.
Xpeng had previously guided fourth-quarter revenue to be in the range of RMB 15.3 billion ($2.1 billion) to RMB 16.2 billion, with year-on-year growth of about 17.2 percent to 24.1 percent.
Xpeng maintained strong deliveries into 2025, despite the Chinese auto market seeing its traditionally weak performance at the start of the year.
It delivered 30,453 vehicles in February, the fourth consecutive month above 30,000, supported mainly by the new models Mona M03 and P7+, both sedans.
In January-February, Xpeng delivered 60,803 vehicles, up 375.21 percent from 12,795 in the same period last year.
In a research note earlier today, Deutsche Bank analyst Bin Wang's team said Xpeng's delivery performance in January was in line with market expectations.
The team expects Xpeng to see an increase in new orders as it launches six products in the next four months.
The company showcased its upgraded G6 SUV (sport utility vehicle) in February and plans to officially launch it in March. It will also launch the upgraded G9 SUV and X9 MPV (multi-purpose vehicle) in March, the team noted.
Xpeng is expected to launch a new mid-size SUV, the G7 codenamed F01, in April, followed by the Mona M03 Max version in May, Deutsche Bank said.
The team also expects Xpeng to launch a flagship sporty sedan, codenamed E29, in June, possibly the next-generation P7 sedan, positioned above the current P7+ sedan.
Xpeng introduced the 2025 G6 at an event held on February 28 and began accepting pre-orders.
Earlier today, the company's chairman and CEO He Xiaopeng said in a Weibo post that Xpeng will officially launch the updated G6 next week.
($1 = RMB 7.2915)
Xpeng delivers 30,453 cars in Feb, flat from Jan while above 30,000 for 4th consecutive month
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