Xpeng Shares Surge as Losses Narrow and Deliveries Rise
F.M.I.E Sources
Xpeng shares jumped on Wednesday following the company’s stronger-than-expected first-quarter earnings, adding to a remarkable 66% rally this year.
According to F.M.I.E Sources, the Chinese electric vehicle (EV) manufacturer reported revenue of 15.81 billion yuan ($2.18 billion), representing a 141.5% increase year-over-year and beating analyst expectations of 15.1 billion yuan. Net losses came in significantly lower than anticipated at 660 million yuan, compared to a forecasted 1.4 billion yuan and a loss of 1.37 billion yuan in the same period last year.
Following the report, Xpeng’s shares surged as much as 6% in premarket New York trading and were up 5.23% by midday in London.
Looking ahead, the Guangzhou-based automaker expects revenue for the second quarter to range between 17.5 billion yuan and 18.7 billion yuan, again outpacing consensus estimates. It also projects deliveries of 102,000 to 108,000 electric vehicles in Q2—an increase of approximately 237.7% to 257.5% compared to the same period last year.
In the first quarter alone, Xpeng delivered 94,008 vehicles, signaling continued strength in demand. The company has now delivered more than 30,000 vehicles each month for six consecutive months, including 35,045 units in April.
After facing headwinds in 2023—marked by slower growth, intense domestic competition, and economic challenges—Xpeng appears to be regaining momentum. Strategic product launches, including a new mass-market vehicle last year and an updated version of its flagship X9 model in April 2025, have contributed to its recent turnaround.
This resurgence has propelled Xpeng’s stock above its $15 IPO price for the first time since its debut in 2020. However, the stock remains well below its all-time high of over $50 reached in October 2021.
Despite intensifying competition from tech giants like Xiaomi and established EV players like BYD, Xpeng is showing resilience and renewed investor confidence.
Reported by F.M.I.E Sources