Xpeng Inc 6-K, filed Mar 29, 2022

Xpeng Inc. (XPEV)

6-K 2022-03-29 For: 2022-03-29

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Added on April 05, 2026

About this 6-K

Xpeng Inc filed this 6-K on March 29, 2022.

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Exhibit 99.1		Press release: XPeng Reports Fourth Quarter and Fiscal Year 2021 Unaudited Financial Results

Exhibit 99.2		Announcement: Annual Results Announcement for the Year ended December 31, 2021


XPENG INC.

By:		/s/ Xiaopeng He
Name:		Xiaopeng He
Title:		Chairman and Chief Executive Officer


	2021Q4		2021Q3		2021Q2		2021Q1		2020Q4		2020Q3

Total deliveries		41,751		25,666		17,398		13,340		12,964		8,578
P7 deliveries		21,342		19,731		11,522		7,974		8,527		6,210
P5 deliveries		7,621		244		—		—		—		—


	For the Three Months Ended
	December 31,			September 30,			December 31,			% Change¹
	2020			2021			2021			YoY			QoQ

Vehicle revenues		2,735.4			5,460.1			8,187.2			199.3	%		49.9	%
Vehicle margin		6.8	%		13.6	%		10.9	%		4.1pts			-2.7pts

Total revenues		2,851.4			5,719.9			8,556.0			200.1	%		49.6	%
Gross profit		210.6			820.8			1,023.3			386.0	%		24.7	%
Gross margin		7.4	%		14.4	%		12.0	%		4.6pts			-2.4pts

Net loss		787.4			1,594.8			1,287.2			63.5	%		-19.3	%

Non-GAAP net loss		712.6			1,492.1			1,198.3			68.2	%		-19.7	%

Net loss attributable to ordinary shareholders		787.4			1,594.8			1,287.2			63.5	%		-19.3	%

Non-GAAP net loss attributable to ordinary shareholders		712.6			1,492.1			1,198.3			68.2	%		-19.7	%


	For the Fiscal Year Ended
	December 31,			December 31,			% Change¹
	2020			2021			YoY
Vehicle revenues		5,546.8			20,042.0			261.3	%
Vehicle margin		3.5	%		11.5	%		8.0pts

Total revenues		5,844.3			20,988.1			259.1	%
Gross profit		266.0			2,622.6			886.0	%
Gross margin		4.6	%		12.5	%		7.9pts

Net loss		2,732.0			4,863.1			78.0	%
Non-GAAP net loss		2,991.8			4,483.1			49.8	%

Net loss attributable to ordinary shareholders		4,889.7			4,863.1			-0.5	%
Non-GAAP net loss attributable to ordinary shareholders		2,991.8			4,483.1			49.8	%


United States:		+1-833-654-9168
United Kingdom:		+44-208-602-0818
International:		+1-209-313-0576
Hong Kong, China:		+852-5808-6567
China Mainland:		400-682-8629
Conference ID:		2474706


United States:		+1-855-859-2056
International:		+1-404-537-3406
Replay Access Code:		2474706


	Three Months End
	December 31,			September 30,			December 31,			December 31,
	2020			2021			2021			2021
	RMB			RMB			*RMB*			*US$*
Revenues
Vehicle sales		2,735,444			5,460,063			8,187,181			1,284,747
Services and others		115,908			259,855			368,827			57,877

Total revenues		2,851,352			5,719,918			8,556,008			1,342,624

Cost of sales
Vehicle sales		(2,550,587	)		(4,718,809	)		(7,296,930	)		(1,145,048	)
Services and others		(90,201	)		(180,285	)		(235,768	)		(36,997	)

Total cost of sales		(2,640,788	)		(4,899,094	)		(7,532,698	)		(1,182,045	)

Gross profit		210,564			820,824			1,023,310			160,579

Operating expenses
Research and development expenses		(459,955	)		(1,264,240	)		(1,451,389	)		(227,755	)
Selling, general and administrative expenses		(917,883	)		(1,538,420	)		(2,015,425	)		(316,264	)
Selling, general and administrative expenses		(917,883	)		(1,538,420	)		(2,015,425	)		(316,264	)

Total operating expenses		(1,377,838	)		(2,802,660	)		(3,466,814	)		(544,019	)

Other income, net		46,097			179,196			13,837			2,171

Loss from operations		(1,121,177	)		(1,802,640	)		(2,429,667	)		(381,269	)

Interest income		88,867			193,888			264,015			41,430
Interest expenses		(2,571	)		(16,347	)		(13,841	)		(2,172	)
Fair value gain (loss) on derivative liabilities		123,374			30,190			(26,910	)		(4,223	)
Fair value gain on long-term investments		—			—			591,506			92,820
Other non-operating income, net		125,303			411			353,419			55,459

Loss before income tax expenses		(786,204	)		(1,594,498	)		(1,261,478	)		(197,955	)

Income tax expenses		(1,217	)		(303	)		(25,687	)		(4,031	)

Net loss		(787,421	)		(1,594,801	)		(1,287,165	)		(201,986	)

Net loss attributable to ordinary shareholders of XPeng Inc.		(787,421	)		(1,594,801	)		(1,287,165	)		(201,986	)


	For the Year Ended December 31,
	2020 RMB			2021 RMB			2021 US$
	audited			unaudited			unaudited
Revenues
Vehicle sales		5,546,754			20,041,955			3,145,020
Services and others		297,567			946,176			148,476

Total revenues		5,844,321			20,988,131			3,293,496

Cost of sales
Vehicle sales		(5,350,479	)		(17,733,036	)		(2,782,700	)
Services and others		(227,853	)		(632,540	)		(99,259	)

Total cost of sales		(5,578,332	)		(18,365,576	)		(2,881,959	)

Gross profit		265,989			2,622,555			411,537

Operating expenses

Research and development expenses		(1,725,906	)		(4,114,267	)		(645,618	)
Selling, general and administrative expenses		(2,920,649	)		(5,305,433	)		(832,538	)

Total operating expenses		(4,646,555	)		(9,419,700	)		(1,478,156	)

Other income, net		86,830			217,740			34,168

Loss from operations		(4,293,736	)		(6,579,405	)		(1,032,451	)

Interest income		133,036			743,034			116,598
Interest expenses		(22,451	)		(55,336	)		(8,683	)
Fair value gain on derivative liabilities		1,362,025			79,262			12,438
Fair value gain on long-term investments		—			591,506			92,820
Other non-operating income, net		90,364			383,833			60,232

Loss before income tax expenses		(2,730,762	)		(4,837,106	)		(759,046	)

Income tax expenses		(1,223	)		(25,990	)		(4,078	)

Net loss		(2,731,985	)		(4,863,096	)		(763,124	)

Accretion on Preferred Shares to redemption value		(2,157,744	)		—			—

Net loss attributable to ordinary shareholders of XPeng Inc.		(4,889,729	)		(4,863,096	)		(763,124	)


Function	Number of Employees
Research and development		5,271
Sales and marketing		6,277
Manufacturing		1,872
General and administration		101
Operation		457


Total		13,978


	For the Year Ended December 31,
	Note		2021			2020
			*RMB*			RMB
Revenues
Vehicle sales		3		20,041,955			5,546,754
Services and others		3		946,176			297,567


Total revenues		3		20,988,131			5,844,321


Cost of sales
Vehicle sales				(17,733,036	)		(5,350,479	)
Services and others				(632,540	)		(227,853	)


Total cost of sales				(18,365,576	)		(5,578,332	)


Gross profit				2,622,555			265,989


Operating expenses
Research and development expenses				(4,114,267	)		(1,725,906	)
Selling, general and administrative expenses				(5,305,433	)		(2,920,649	)


Total operating expenses				(9,419,700	)		(4,646,555	)


Other income, net				217,740			86,830


Loss from operations				(6,579,405	)		(4,293,736	)


Interest income				743,034			133,036
Interest expenses				(55,336	)		(22,451	)
Fair value gain on derivative liabilities				79,262			1,362,025
Fair value gain on long-term investments				591,506			—
Other non-operating income, net				383,833			90,364


Loss before income tax expenses				(4,837,106	)		(2,730,762	)


Income tax expenses		4		(25,990	)		(1,223	)


Net loss				(4,863,096	)		(2,731,985	)


	As of December 31,
	Note	2021			2020
		*RMB*			RMB
SHAREHOLDERS’ EQUITY
Class A Ordinary shares (US$0.00001 par value; 8,850,000,000 and 9,250,000,000 shares authorized, 971,341,066 and 1,302,911,192 shares issued, 928,296,786 and 1,291,039,502 outstanding as of December 31, 2020 and 2021, respectively)			87			63
Class B Ordinary shares (US$0.00001 par value, 750,000,000 and 750,000,000 shares authorized, 429,846,136 and 409,846,136 shares issued and outstanding as of December 31, 2020 and 2021, respectively)			25			26
Class C Ordinary shares (US$0.00001 par value, 400,000,000 and nil shares authorized, 178,618,464 and nil shares issued and outstanding as of December 31, 2020 and 2021, respectively)			—			12
Additional paid-in capital			59,980,534			46,482,512
Statutory reserve			6,047			—
Accumulated deficit			(16,191,566	)		(11,322,423	)
Accumulated other comprehensive loss			(1,648,549	)		(730,381	)


Total shareholders’ equity			42,146,578			34,429,809


Total liabilities and shareholders’ equity			65,651,302			44,706,779


	As of December, 31
	2021		2020
	*RMB’000*		RMB’000

0–3 months		678,850		317,399
3–6 months		420,907		233,051
6–12 months		528,566		93,151
Over 1 year		1,040,883		492,704


Accounts receivable, gross		2,669,206		1,136,305


	For the Year Ended December 31,
	2021			2020
	*RMB*			RMB

Loss from operations		(6,579,405	)		(4,293,736	)
Share-based compensation expenses		379,948			996,417


Non-GAAP loss from operations		(6,199,457	)		(3,297,319	)


Net loss		(4,863,096	)		(2,731,985	)
Fair value gain of convertible redeemable preferred shares		—			(1,256,221	)
Share-based compensation expenses		379,948			996,417


Non-GAAP net loss		(4,483,148	)		(2,991,789	)


Net loss attributable to ordinary shareholders		(4,863,096	)		(4,889,729	)
Fair value gain of convertible redeemable preferred shares		—			(1,256,221	)
Share-based compensation expenses		379,948			996,417
Accretion on Preferred Shares to redemption value		—			2,157,744


Non-GAAP net loss attributable to ordinary shareholders of XPeng Inc.		(4,483,148	)		(2,991,789	)


Weighted average number of ordinary shares used in calculating Non-GAAP net loss per share
Basic and diluted		1,642,906,400			754,270,914

Non-GAAP net loss per ordinary share
Basic and diluted		(2.73	)		(3.97	)

Weighted average number of ADS used in calculating Non-GAAP net loss per share
Basic and diluted		821,453,200			377,135,457

Non-GAAP net loss per ADS
Basic and diluted		(5.46	)		(7.93	)