Earnings Result
$XPeng (XPEV.US)$ reported revenue of RMB 7.44 billion in the second quarter, above market expectations of RMB 7.2 billion and up from RMB 3.76 billion in the same quarter last year.
Previously published data showed that XPeng delivered 34,422 vehicles in the second quarter, above the upper end of the guidance range of 31,000 to 34,000 vehicles.
This was up 97.85 percent from 17,398 vehicles in the same period last year and essentially unchanged from 34,561 vehicles in the first quarter.
Business Outlook
For the third quarter of 2022, the Company expects:
Deliveries of vehicles to be between 29,000 and 31,000, representing a year-over-year increase of approximately 13.0% to 20.8%.
Total revenues to be between RMB6.8 billion and RMB7.2 billion, representing a year-over-year increase of approximately 18.9% to 25.9%.
XPeng previously expected second-quarter revenue of RMB 6.8 billion to RMB 7.5 billion.
The above outlook is based on the current market conditions and reflects the Company's preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.