Xpeng Q3 results above estimates
Vehicle margins and gross margins have improved Q-to-Q, Guidance for Q4 delivery is going to be record high of 87,000-91,000 units. Now just need to ensure that the production can ramp up smoothly.
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Value investing looking at mid term returns. Interest mainly in Tech sectors.
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TWeiT OP : The delivery of 87,000-91,000 in Q4 has yet to include the 20K monthly capacity planned for MONA in Jan 2025 and P7+ only started delivery from mid-Nov, so at least an additional 6k -10K per month for Q1 2025. Xpeng will possibly deliver more than 100,000 per quarter in 2025.
TWeiT OP : Summary in graphics. Exports has achieved 15% of total sales from 10% last Quarter and to factor in the increased total deliveries, the 5% increase would have been around 4-5K increased