Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.70 billion (US$6.44 billion) as of December 31, 2023Quarterly total revenues were RMB13.05 billion, a 53.0% increase quarter-over-quarterQuarterly gross margin was 6.2%, an increase of 8.9 percentage points quarter-over-quarterFull year vehicle deliveries reached 141,601, a 17.3% increase year-over-yearFull year revenues reached RMB30.68 billionFull year gross margin was 1.5%, a decrease of 10.0 perce
XPeng prepares to report earnings for the fourth quarter early Tuesday as the China EV price war intensifies. XPeng stock gained Monday and Li Auto sank. Last month, XPeng announced a hiring and spending spree to survive what it describes as a "bloody sea" of EV competition.
Xpeng says it's launching new models which will be priced between 100,000 to 150,000 yuan — 50% lower than the price range premium brands operate in.