XPeng Remains in Net Loss
By Jiahui Huang
Chinese electric-vehicle maker XPeng's net loss widened despite resilient margins, as heavy investment in new models and AI-related technologies continued to outweigh profits from its vehicle business and higher-margin services.
The Guangzhou-based company said Monday that its second-quarter net loss widened to 1.34 billion yuan, equivalent to $199.4 million, from 477.8 million yuan a year earlier. That missed the 718.6 million yuan loss estimated by analysts in a Visible Alpha poll.
Revenue rose 8.0% to 19.74 billion yuan. XPeng delivered 103,295 vehicles in the second quarter, a 65% jump from the first quarter but little changed from the year-ago period.
Its gross margin was 20.7% for the quarter, up from 17.3% a year earlier and 20.6% in the first quarter. Vehicle margins fell to 12.1% from 14.3% a year ago but was stable from the first three months of the year.
For the third quarter, the automaker said it expects deliveries to reach 115,000-121,000 vehicles and revenue to grow to between 21.7 billion yuan and 23.4 billion yuan.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
August 24, 2026 07:24 ET (11:24 GMT)
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