XPeng Performance

XPeng's Q1 net loss significantly narrowed year-over-year, with gross margin improving by 6.7%.
Q2 revenue is expected to grow by approximately 48.1%-63.9% year-over-year, with vehicle deliveries projected between 29,000 and 32,000 units, below the market estimate of 38,147 units.
XPeng's U.S. stock surged by 26% in early trading, closing nearly 6% higher.