Xpeng Motors released its first quarter financial report for 2024, with gross profit margin increased to 12.9%

In its financial report for the first quarter of 2024, Xpeng Motors showed that its gross profit margin reached 12.9%, indicating that the company's profitability has improved. This growth is due to a series of cost-cutting and efficiency-enhancing measures taken by the company. In addition, deliveries in the second quarter are expected to be between 29,000 and 32,000 units, and revenue is expected to be between 7.5 billion and 8.3 billion yuan, indicating that Xpeng Motors' sales have gradually stabilized and the average selling price of a single vehicle has exceeded 250,000 yuan. At the same time, Xpeng Motors' R&D investment in the field of intelligence continues to increase, demonstrating its firm determination in this field.