5/23, 12:22 PM (Source: TeleTrader)
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XPeng's Q1 revenue at $1.2B, up 152.6% YoY

Chinese electric carmaker Xpeng, also known as Xiaopeng Motors, published on Monday that its revenues jumped 152.6% year-over-year, reaching RMB 7,454.9 million ($1,176.0 million), while vehicle sales revenue was RMB 6,998.8 million ($1,104.0 million), representing an increase of 149%.

In the same quarter, vehicle deliveries amounted to 34,561, an increase of 159% over the previous year, while the net loss was RMB 1,700.8 million ($268.3 million). The company reported a diluted net loss per American depositary share (ADS) of RMB 2.00 ($0.32).

"Our first-quarter performance marked a strong start to 2022. Demand for our high-quality EV products was robust, and our proprietary suite of technologies continue to lead the industry," said Mr. He Xiaopeng, Chairman and CEO of XPeng. "We remain confident in expanding our market share despite the impact of semi-conductor shortage and COVID-19."

Baha Breaking News (BBN) / JG