Xpeng Targets 2025 Profit Amid Intelligent Driving Partnership Talks
Chinese electric vehicle manufacturer Xpeng Motors has announced its expectation to achieve profitability by the latter part or end of 2025. This optimistic forecast is driven by what President Brian Gu describes as a 'super-cycle' of strong demand for the company's new models, specifically the MONA M03 and P7+ sedans. Consequently, Xpeng aims to deliver between 87,000 and 91,000 units in the current quarter, representing a potential year-over-year increase of up to 51.3%. Financially, the company reported a significant turnaround, with its overall gross profit margin rising to 15.3% in the third quarter, compared to a negative 2.7% a year earlier. The services sector notably achieved a 60.1% gross margin. Beyond domestic sales, Xpeng is actively expanding its strategic footprint by discussing intelligent driving collaborations with dozens of automotive players. Additionally, the company seeks to broaden its existing technology service partnership with Volkswagen, aiming to extend these cooperative efforts to markets outside of China. These developments highlight Xpeng's dual strategy of leveraging robust product demand while monetizing its advanced autonomous driving technologies through global partnerships.
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Xpeng Targets 2025 Profit Amid Intelligent Driving Partnership Talks
Chinese electric vehicle manufacturer Xpeng Motors has announced its expectation to achieve profitability by the latter part or end of 2025. This optimistic forecast is driven by what President Brian Gu describes as a 'super-cycle' of strong demand for the company's new models, specifically the MONA M03 and P7+ sedans. Consequently, Xpeng aims to deliver between 87,000 and 91,000 units in the current quarter, representing a potential year-over-year increase of up to 51.3%. Financially, the company reported a significant turnaround, with its overall gross profit margin rising to 15.3% in the third quarter, compared to a negative 2.7% a year earlier. The services sector notably achieved a 60.1% gross margin. Beyond domestic sales, Xpeng is actively expanding its strategic footprint by discussing intelligent driving collaborations with dozens of automotive players. Additionally, the company seeks to broaden its existing technology service partnership with Volkswagen, aiming to extend these cooperative efforts to markets outside of China. These developments highlight Xpeng's dual strategy of leveraging robust product demand while monetizing its advanced autonomous driving technologies through global partnerships.
TechNode