Spinee wrote a post · Nov 20, 2024 15:30

Xpeng posts 25% revenue growth in Q3 over Q2, gross margin hits record high of 15.3%

$XPeng (XPEV.US)$ reported a record gross margin of 15.3 percent in Q3, compared to negative 2.7 percent in the same period in 2023 and 14.0 percent in Q2 2024.

Xpeng's revenues from services and others for the third quarter were RMB 1.31 billion, an increase of 90.7 percent from RMB 690 million for the same period in 2023, mainly due to the increase in revenues generated from the technology partnership with $VOLKSWAGEN A G (VWAGY.US)$ .

$XPENG-W (09868.HK)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$ $Li Auto (LI.US)$ $LI AUTO-W (02015.HK)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$

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