Q3 sales boom: Xpeng approaches break-even point
The Chinese electric car manufacturer delivered exactly 116,007 vehicles between July and September, representing an increase of 149.3 per cent compared to the third quarter of 2024. At that time, Xpeng had sold 46,533 vehicles. The company has therefore seen strong growth in sales volume. Xiaopeng He, Chairman and CEO of Xpeng, comments: “We are in the early stages of rapid expansion in terms of sales volume and market share.” He therefore expects the curve to continue to rise steeply.
In terms of total revenue, Xpeng reached the 20.38 billion yuan mark (around 2.47 billion euros) in Q3, which corresponds to an increase of 101.8 per cent compared to the same quarter last year and an increase of 11.5 per cent compared to the second quarter of 2025. The gross margin climbed in parallel to 20.1 per cent (Q3/2024: 15.3 per cent). The net loss fell from 1.81 billion yuan in the same period last year and 480 million yuan in the second quarter of 2025 to 380 million yuan (-79 per cent YoY), equivalent to around 46 million euros. The break-even point is therefore gradually coming within reach.
One of the reasons why Xpeng is not yet profitable is its consistently high research and development expenditure: in the third quarter, this amounted to 2.43 billion yuan (around 294 million euros), which represents an increase of almost 50 per cent compared to the previous year.
Xpeng CEO Xiaopeng He emphasises that his company has achieved record results in vehicle deliveries, revenue, gross margin and cash reserves and expects further highs. “We are in the early stages of rapid expansion in terms of sales volume and market share, with Robotaxi and humanoid robots advancing rapidly toward mass production. I firmly believe XPENG will evolve into a global embodied AI company. Centered around physical AI applications, we are developing a comprehensive portfolio of technologies and products, alongside a thriving business ecosystem, thereby creating greater value for customers and shareholders worldwide.” He thus sees similar areas of development to Tesla CEO Elon Musk. Consequently, He recently announced three robotaxi models for 2026.
As far as the electric car market is concerned, Xpeng delivered 42,013 vehicles in October alone. For the fourth quarter, the company expects to deliver between 125,000 and 132,000 vehicles, which would represent an increase of 36.6 to 44.3 per cent over the previous year. Revenue is expected to climb to between 21.5 and 23 billion yuan (33.5 to 42.8 per cent more than a year ago). The company has high hopes for the new mid-range SUV G7, which has been available in China since July. The second generation of the P7 sedan has also been available for several months.
Meanwhile, the affordable M03 model from the Mona sub-brand, which was launched in China at the end of August 2024 and starts at the equivalent of around £15,000, has emerged as a bestseller. From January to August alone, the Mona electric saloon sold 117,443 units, accounting for 43 per cent of Xpeng’s total deliveries. The model is the first electric car developed by Xpeng in collaboration with Chinese ride-hailing provider Didi. A second model is likely to be in development, as CN EV Post recently wrote, referring to recently taken spy photos. According to the report, the second Mona series will be an SUV with a front end inspired by the M03.
This article was first published by Cora Werwitzke for electrive’s German edition.
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