IT Home News on November 23, Xiaopeng Motors announced the latest financial report today. The financial report shows that Xiaopeng’s third-quarter revenue was 5.72 billion yuan, compared with analysts’ estimate of 5.21 billion yuan, and Xiaopeng Motors expects fourth-quarter revenue of 7.1 billion yuan to 7.5 billion yuan.
In terms of sales volume, Xiaopeng Motors revealed that the total delivery volume of Q3 in 2021 was 25,666 units, an increase of 199.2% from 8,578 units in the same period in 2020. In addition, the delivery volume of Xiaopeng P7 (configuration|inquiry) in Q3 of 2021 was 19,731, which was a quarterly high and increased by 71.2% from 11,522 in the second quarter.
Xiaopeng Motors pointed out that despite the challenge of semiconductor shortages, they still achieved a strong growth momentum in the third quarter. With the further increase in gross profit margin, their record delivery volume drove a substantial year-on-year increase of 187.4% in third-quarter revenue.
He Xiaopeng, Chairman and CEO of Xiaopeng Motors, said: In the third quarter, our growth set another record, and it was the highest delivery volume among the new powers in China. This outstanding performance proves that the market recognizes the differentiated value brought by our independent research and development of software and hardware. He also stated:
We will continue to promote a clear development blueprint for full-stack self-developed technology, and bring high-performance smart products to a wider customer base. Our leading technology will be further demonstrated in the upcoming city NGP. The solid progress we have made in NGP gives us full confidence in exploring future modes of travel (such as Robotaxi). Looking forward to the future, Xiaopeng Motors will continue to innovate, create disruptive progress, redefine China’s automobile industry, explore technology, and lead future mobility changes.
Dr. Gu Hongdi, Honorary Vice Chairman and President of Xiaopeng Automobile, said:
Although facing the challenge of semiconductor shortage, we are still showing strong growth momentum in the third quarter. Our delivery volume in the third quarter is close to the total delivery volume for the whole year of 2020, and the year-to-date delivery volume is more than double the delivery volume for the entire year last year. Our delivery volume reached a new high, driving the third quarter’s revenue to increase by 187.4% year-on-year, and the gross profit margin further increased.
After the announcement of the financial report, Xiaopeng Motors rose all the way before the market. As of the publication of the IT House, Xiaopeng Motors’ pre-market increase has reached 3.86%.
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