Xpeng Motors releases third quarter financial report for 2024 with impressive performance

Chinese electric vehicle manufacturer Xpeng Motors released its third-quarter 2024 financial report on November 19. The report showed that the company delivered a total of 46,500 vehicles in the quarter, a year-on-year increase of 16.3%. Total revenue reached 10.1 billion yuan, a year-on-year increase of 18.4% and a month-on-month increase of 24.5%. In addition, the company's gross profit margin reached 15.3%, compared with -2.7% in the same period last year, showing a clear improvement trend.