Xiaopeng Motors (09868): Delivered a total of 33,205 new vehicles in March, a year-on-year increase of 268%.

On April 1st, Xiaopeng Motors (09868) announced its latest delivery performance. By March 2025, Xiaopeng Motors had delivered a total of 33,205 new cars, an increase of 268% year-on-year. For five consecutive months, the delivery volume exceeded 30,000 units, setting a new record. The Xiaopeng MONA M03 had delivered over 15,000 units for four consecutive months, breaking the record for new energy pure electric vehicle deliveries. The Xiaopeng P7+ had been on the market for four months, with a cumulative delivery of over 40,000 units. In the first quarter of 2025, Xiaopeng Motors delivered a total of 94,008 new cars, an increase of 331% year-on-year and 2.7% month-on-month, achieving a new historical high and exceeding the first-quarter delivery guidance limit, starting with high-quality performance. On March 18th, Xiaopeng Motors released its financial report for the fourth quarter and full year of 2024: Q4 revenue was 16.1 billion yuan, achieving the best performance for a single quarter; Q4 total delivery reached 91,507 units, setting a new historical high for quarterly delivery volume. Q4 automobile gross profit margin reached 10.0%, an increase of 5.9 percentage points year-on-year, achieving growth for six consecutive quarters. As of the end of the fourth quarter of 2024, Xiaopeng Motors had a cash reserve of 41.96 billion yuan, with a net increase of over 6 billion yuan.