XPeng Achieves First-Ever Quarterly Profit in Q4 2025

[Financial Performance] XPeng recorded its first-ever quarterly profit in Q4 2025, with annual deliveries doubling.

Core Development: First Quarterly Profit Marks Full Achievement for NIO, XPeng, and Li Auto

With a net profit of RMB 380 million, a gross margin of 21.3%, and 116,249 vehicles delivered, XPeng set three new historical records in Q4 2025, becoming the last of the "New Energy Big Three"—after NIO and Li Auto—to achieve quarterly profitability.

Key Metrics: Annual Revenue Growth and Loss Reduction Go Hand-in-Hand

Total revenue for 2025 reached RMB 76.72 billion (+87.7% year-over-year), while net losses narrowed by 80.3% to RMB 1.14 billion. Full-year deliveries totaled 429,445 units, up 125.9% year-over-year.

Strategic Foundation: Profitability Driven by Economies of Scale and Optimized Product Mix

Key drivers of profitability include expanded delivery volumes, reduced manufacturing costs, and a higher proportion of high-margin models. The company forecasts Q1 2026 deliveries of 61,000–66,000 vehicles and revenue of RMB 12.2–13.28 billion.