Xpeng is confident that sales will more than double in 2025 and expects the company to be profitable in the fourth quarter of this year.
Xpeng (NYSE: XPEV) today reported first-quarter 2025 financial results and held an analyst call afterwards.
Here are the key takeaways from the call, with the most recent placed at the top.
From the third quarter of this year to 2026, new models will be launched for the Xpeng as well as the Mona lineups.
Several Xpeng models will be offered in both battery electric vehicle (BEV) and hybrid variants.
Xpeng believes that the average selling price of vehicles will gradually increase in the future.
Xpeng is confident that sales will more than double in 2025 and expects the company to be profitable in the fourth quarter of this year.
Xpeng will complete five model year upgrades or configuration enhancements in the second quarter, and deliveries of two new key models will begin in the third quarter.
Xpeng aims to launch humanoid robots for industrial and commercial scenarios in 2026, which will achieve industry-leading levels of intelligence.
The Iron humanoid robot, showcased at this year's Shanghai auto show, is Xpeng's fourth-generation product. Next, the Turing chip will be deployed in Xpeng's fifth-generation robot.
The effective AI computing power of the Turing chip is equivalent to 3-7 times the computing power of mainstream automotive chips in the industry.
Xpeng Eagle Eye pure vision smart driving solution helps autonomous driving capability to go from China to the world, as well as from AI cars to smart robots.
Xpeng added more than 40 new overseas stores in the quarter, tapping into several key markets including the UK and Indonesia.
In the first quarter of 2025, Xpeng's overseas sales increased by more than 370 percent year-on-year.
Xpeng expects its overseas business to expand at a high rate over the next three years, becoming a key driver of sales and profit growth.
Xpeng will unveil the G7 SUV (sport utility vehicle) in June, which will be a very competitive product in the RMB 250,000 class.
Xpeng will launch its RMB 300,000 class sports coupe, the new generation P7, in the third quarter.
In the fourth quarter, Xpeng's Kunpeng super hybrid models will gradually enter mass production.
Models equipped with the Kunpeng hybrid system will help Xpeng reach a wider customer base in both domestic and overseas markets.
The good first-quarter results were the result of the company's improved overall capabilities in organization, products, marketing, and technology and operations, said He Xiaopeng, chairman and CEO of Xpeng.
More on Xpeng
