XPeng's Strong Q4 Performance Signals Growth Ahead
Xpeng reported record revenue in Q4 2023, with a 153.9% increase year-on-year, and a positive gross margin of 6.2%. The company delivered a record 60,158 vehicles in Q4 and saw a significant decrease in net loss. Xpeng's first-quarter delivery guidance is between 21,000 and 22,500 units, with an expected revenue range of RMB 5.8 billion to RMB 6.2 billion. Additionally, the company plans to launch a new brand targeting the lower-priced market within the next month.