Xiaopeng Group Q2 Revenue 19.74 Billion Yuan, Gross Margin 20.7% Beats Expectations | Earnings Insights

Xiaopeng's Q2 total revenue was 19.74 billion yuan, up 8% year-over-year and up 51.5% quarter-over-quarter. Gross margin was 20.7%, higher than the estimated 19.2%. However, net loss widened from 480 million yuan in the same period last year to 1.34 billion yuan, expanding nearly 1.8 times year-over-year. For Q3, the company expects total revenue between 21.7 billion and 23.4 billion yuan, with vehicle deliveries ranging from 115,000 to 121,000 units.