Electric carmaker Xpeng delivered 13,350 vehicles in Q121, up 487.4% from the comparable period of 2020, according to the company’s press release. First quarter deliveries were a 2.9% jump from the fourth quarter of 2020.
Xpeng revenues climbed 616.1% to RMB 2,950.9 million or US$450.4 million in the first quarter of 2021 and 3.5% from Q420.
Revenues from vehicle sales totaled RMB2,810.3 million or US$428.9 million in the first quarter, up 655.2% from the same period of 2020 and 2.7% jump from Q420.
The company’s gross margin was 11.2% in the first quarter, up from -4.8% in the same period of 2020 and 7.4% in Q420.
Xpeng reported a vehicle margin of 10.1% in the first quarter, up from -5.3% for the same period of 2002 and 6.8% in Q420.
Net loss was RMB786.6 million or US$120.1 million in the first quarter, compared to a net loss of RMB 649.8 million in the same period last year and RMB787.4 million in Q420.
Xpeng’s number of supercharging stations rose to 172 as of March 31, 2021, in 60 cities Xpeng stock closed down 5.71% on Wednesday.
