XPeng’s reported data shows a company moving from 120,757 global deliveries in 2022 to 190,068 in 2024, while profitability and quarterly operating results changed substantially. This overview covers deliveries, consolidated revenue, vehicle sales, margins, operating expenses, network scale, cash and losses, with periods and definitions stated explicitly.
Key XPeng Statistics
The most useful headline figures across XPeng’s reported operations and financial results are:
- In 2024, XPENG delivered 190,068 vehicles globally, up 34.2% from 2023.
- In 2023, XPENG delivered 141,601 vehicles globally, compared with 120,757 in 2022.
- In Q2 2025, XPENG delivered 103,181 vehicles globally, up 241.6% year over year.
- By July 31, 2025, XPENG’s year-to-date global deliveries reached 233,906 vehicles.
- In 2024, XPENG reported RMB40.87 billion in consolidated revenue, up 33.2% from 2023.
- In 2024, vehicle-sales revenue reached RMB35.83 billion, up 27.9% year over year.
- In Q2 2025, total revenue was RMB18.27 billion, up 125.3% year over year.
- In Q2 2025, vehicle-sales revenue was RMB16.88 billion, up 147.6% year over year.
- In 2024, consolidated gross margin was 14.3%, compared with 1.5% in 2023.
- In Q2 2025, vehicle margin was 14.3%, compared with 6.4% in Q2 2024.
- At December 31, 2024, XPENG had 690 physical stores across 226 cities.
- At June 30, 2025, XPENG operated 2,348 self-operated charging stations, including 1,304 S4 and S5 ultra-fast stations.
- At June 30, 2025, XPENG’s aggregate cash position was RMB47.57 billion.
- In 2023, research-and-development expense was RMB5.277 billion, or 17.2% of revenue.
- In Q2 2025, R&D expense was RMB2.21 billion, up 50.4% year over year.
- In 2024, XPENG’s consolidated net loss was RMB5.79 billion, compared with RMB10.38 billion in 2023.
- In Q2 2025, net loss was RMB0.48 billion, down 62.8% year over year.
- In Q2 2025, loss from operations was RMB0.93 billion, compared with RMB1.61 billion in Q2 2024.
Contents
- XPeng delivery statistics and growth trends
- XPeng revenue and vehicle-sales data
- XPeng margins and cost statistics
- XPeng stores, charging stations and cash
- XPeng research and operating-expense statistics
- XPeng losses and quarterly outlook measures
XPeng Delivery Statistics and Growth Trends
XPENG’s company-reported global deliveries rose across the annual comparison supplied for 2022–2024. These are fiscal-year delivery totals, not registrations or a regional subset.
| Period | Global deliveries | Comparison |
|---|---|---|
| 2022 | 120,757 | Annual total |
| 2023 | 141,601 | Compared with 2022 |
| 2024 | 190,068 | Up 34.2% from 2023 |
Source: Form 20-F for XPENG INC filed 04/17/2024 for 2022–2023; XPENG Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results for 2024.
The Q2 2025 release gives a sharper quarterly increase. XPENG delivered 103,181 vehicles globally in Q2 2025, up 241.6% from 30,207 in Q2 2024 and 9.8% from 94,008 in Q1 2025; the release described Q2 as a quarterly record at that time.
XPENG delivered 30,207 vehicles in Q2 2024, up 30.2% from 23,205 in Q2 2023. July 2025 deliveries were 36,717, bringing global year-to-date deliveries to 233,906 for January 1 through July 31, 2025.
Source: XPENG Reports Second Quarter 2025 Unaudited Financial Results. Quarterly figures are company-reported, and the year-to-date number is not a full-year total.
XPeng Revenue and Vehicle-Sales Data
XPENG’s consolidated revenue increased from RMB20.988 billion in 2021 to RMB30.676 billion in 2023 and RMB40.87 billion in 2024. The 2024 total was up 33.2% from 2023.
| Fiscal period | Total revenue | Vehicle-sales revenue |
|---|---|---|
| 2021 | RMB20.988 billion | RMB20.042 billion |
| 2022 | RMB26.855 billion | RMB24.840 billion |
| 2023 | RMB30.676 billion | RMB28.011 billion |
| 2024 | RMB40.87 billion | RMB35.83 billion |
Source: Form 20-F for XPENG INC filed 04/17/2024 for 2021–2023; XPENG Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results for 2024.
Vehicle-sales revenue excludes services and other revenue. In 2024 it reached RMB35.83 billion, up 27.9% from RMB28.01 billion in 2023; the 2023 Form 20-F reports RMB24.840 billion in 2022 and RMB20.042 billion in 2021.
Quarterly results were larger in Q2 2025 than in the comparable prior-year period. Total revenue was RMB18.27 billion, up 125.3% year over year and 15.6% quarter over quarter, while vehicle-sales revenue was RMB16.88 billion, up 147.6% year over year and 17.5% quarter over quarter.
Services and other revenue was RMB1.39 billion in Q2 2025, up 7.6% year over year but down 3.5% from RMB1.44 billion in Q1 2025. This category includes parts, accessories and technical R&D services.
XPeng Margin and Cost Statistics
The annual margin record changed considerably between 2021 and 2024. Consolidated gross margin was 12.5% in 2021, 11.5% in 2022, 1.5% in 2023 and 14.3% in 2024.
Vehicle margin is narrower: it is gross profit from vehicle sales divided by vehicle-sales revenue, excluding services and other activities. It was 9.4% in 2022, negative 1.6% in 2023 and 8.3% in 2024.
| Measure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Consolidated gross margin | 11.5% | 1.5% | 14.3% |
| Vehicle margin | 9.4% | -1.6% | 8.3% |
| Gross profit | RMB3.088 billion | RMB451.155 million | Not separately stated in the supplied annual fact |
Source: Form 20-F for XPENG INC filed 04/17/2024; XPENG Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results.
In Q2 2025, consolidated gross margin was 17.3%, compared with 14.0% in Q2 2024 and 15.6% in Q1 2025. Vehicle margin was 14.3%, versus 6.4% in Q2 2024 and 10.5% in Q1 2025.
Services and other revenue had a 53.6% margin in Q2 2025, compared with 54.3% in Q2 2024 and 66.4% in Q1 2025. The supplied release notes that this smaller segment can fluctuate with technical R&D services.
2024 cost of sales was RMB35.02 billion, up 15.9% from 2023. Overall gross margin and vehicle margin are different measures, so they should not be treated as interchangeable.
XPeng Stores, Charging Stations and Cash Statistics
XPENG’s physical sales network totaled 690 stores covering 226 cities at December 31, 2024. At June 30, 2025, the company reported 677 stores covering 224 cities, making these point-in-time counts rather than a utilization measure.
The self-operated charging network expanded in the reported period. XPENG had 1,920 stations at December 31, 2024, including 928 S4 and S5 ultra-fast stations; at June 30, 2025, it reported 2,348 stations, including 1,304 S4 and S5 ultra-fast stations.
| Measurement date | Physical stores | Cities covered | Self-operated charging stations | S4 and S5 stations |
|---|---|---|---|---|
| December 31, 2024 | 690 | 226 | 1,920 | 928 |
| June 30, 2025 | 677 | 224 | 2,348 | 1,304 |
Source: XPENG Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results; XPENG Reports Second Quarter 2025 Unaudited Financial Results. Network counts are company-reported and point-in-time; charging counts cover self-operated stations only.
XPENG’s aggregate cash position, defined in the supplied releases as cash, restricted cash, short-term investments and time deposits, was RMB41.96 billion at December 31, 2024, compared with RMB45.70 billion at December 31, 2023. The Q2 2025 position was RMB47.57 billion at June 30, 2025, versus RMB45.28 billion at March 31, 2025.
XPeng Research and Operating-Expense Statistics
Research-and-development expense was RMB4.114 billion in 2021, RMB5.215 billion in 2022 and RMB5.277 billion in 2023. As a share of consolidated revenue, those amounts represented 19.6%, 19.4% and 17.2%, respectively.
| Fiscal period | R&D expense | R&D as a share of revenue |
|---|---|---|
| 2021 | RMB4.114 billion | 19.6% |
| 2022 | RMB5.215 billion | 19.4% |
| 2023 | RMB5.277 billion | 17.2% |
Source: Form 20-F for XPENG INC filed 04/17/2024.
Q2 2025 R&D expense was RMB2.21 billion, up 50.4% year over year and 11.4% quarter over quarter. Selling, general and administrative expense was RMB2.17 billion, up 37.7% year over year and 11.4% quarter over quarter.
For 2022 and 2023, selling, general and administrative expense was RMB6.688 billion and RMB6.559 billion, respectively. Those amounts represented 24.9% and 21.4% of revenue.
XPeng Losses, Per-Share Results and Quarterly Outlook Measures
XPENG remained loss-making on the supplied annual figures, although the consolidated net loss narrowed from RMB10.38 billion in 2023 to RMB5.79 billion in 2024. The 2024 non-GAAP net loss was RMB5.55 billion, compared with RMB9.44 billion in 2023.
Non-GAAP figures exclude share-based compensation and specified fair-value effects on the DiDi contingent consideration liability. They are therefore not the same as U.S. GAAP net loss.
Annual basic and diluted net loss in 2024 was RMB6.12 per ADS and RMB3.06 per ordinary share. The corresponding 2023 figures were RMB11.92 per ADS and RMB5.96 per ordinary share; each ADS represents two Class A ordinary shares.
Q2 2025 net loss was RMB0.48 billion, down 62.8% year over year and 28.1% quarter over quarter. Q2 non-GAAP net loss was RMB0.39 billion, down 68.4% year over year and 9.5% quarter over quarter.
| Q2 2025 measure | Q2 2025 | Q2 2024 | Q1 2025 |
|---|---|---|---|
| Loss from operations | RMB0.93 billion | RMB1.61 billion | RMB1.04 billion |
| Non-GAAP loss from operations | RMB0.84 billion | RMB1.54 billion | RMB0.80 billion |
| Gross margin | 17.3% | 14.0% | 15.6% |
| Vehicle margin | 14.3% | 6.4% | 10.5% |
Source: XPENG Reports Second Quarter 2025 Unaudited Financial Results. Quarterly results are unaudited.
Q2 2025 basic and diluted net loss was RMB0.50 per ADS and RMB0.25 per ordinary share. On a non-GAAP basis, the figures were RMB0.41 per ADS and RMB0.20 per ordinary share, using the same two-ordinary-shares-per-ADS relationship.
The Q2 2025 release reports a loss from operations of RMB0.93 billion, versus RMB1.61 billion in Q2 2024 and RMB1.04 billion in Q1 2025. Non-GAAP loss from operations was RMB0.84 billion, versus RMB1.54 billion and RMB0.80 billion in those comparison periods.