Xpeng Inc 6-K, filed Aug 20, 2024

Xpeng Inc. (XPEV)

6-K 2024-08-20 For: 2024-08-20

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Added on April 05, 2026

About this 6-K

Xpeng Inc filed this 6-K on August 20, 2024.

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Exhibit 99.1		Press Release: XPENG Reports Second Quarter 2024 Unaudited Financial Results

Exhibit 99.2		Announcement: Interim Results Announcement for the Six Months Ended June 30, 2024


XPENG INC.

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


	2024Q2		2024Q1		2023Q4		2023Q3		2023Q2		2023Q1
Total deliveries		30,207		21,821		60,158		40,008		23,205		18,230


	For the Three Months Ended									% Changeⁱ
	June 30,			March 31,			June 30,
	2024			2024			2023			YoY			QoQ
Vehicle sales		6.82			5.54			4.42			54.1	%		23.0	%
Vehicle margin		6.4	%		5.5	%		-8.6	%		15.0	pts		0.9	pts
Total revenues		8.11			6.55			5.06			60.2	%		23.9	%
Gross profit (loss)		1.14			0.84			(0.20	)		675.4	%		34.6	%
Gross margin		14.0	%		12.9	%		-3.9	%		17.9	pts		1.1	pts
Net loss		1.28			1.37			2.80			-54.2	%		-6.1	%
Non-GAAP net loss		1.22			1.41			2.67			-54.3	%		-13.4	%
Net loss attributable to ordinary shareholders		1.28			1.37			2.80			-54.2	%		-6.1	%
Non-GAAP net loss attributable to ordinary shareholders		1.22			1.41			2.67			-54.3	%		-13.4	%
Comprehensive loss attributable to ordinary shareholders		1.20			1.34			1.93			-37.9	%		-10.7	%


United States:		+1-855-883-1031
International:		+61-7-3107-6325
Hong Kong, China:		800-930-639
Mainland China:		400-120-9216
Replay Access Code:		10040571

Xpeng Inc 6-K, filed Aug 20, 2024

About this 6-K

Table of Contents

Table of Contents

Table of Contents


	Three Months Ended
	June 30,			March 31,			June 30,			June 30,
	2023			2024			2024			2024
	RMB			RMB			*RMB*			*US$*
Revenues
Vehicle sales		4,424,537			5,544,396			6,818,867			938,307
Services and others		638,159			1,003,700			1,292,540			177,859

Total revenues		5,062,696			6,548,096			8,111,407			1,116,166

Cost of sales
Vehicle sales		(4,804,535	)		(5,242,040	)		(6,384,289	)		(878,507	)
Services and others		(455,552	)		(462,303	)		(591,328	)		(81,369	)

Total cost of sales		(5,260,087	)		(5,704,343	)		(6,975,617	)		(959,876	)

Gross (loss) profit		(197,391	)		843,753			1,135,790			156,290

Operating expenses
Research and development expenses		(1,367,107	)		(1,350,448	)		(1,466,752	)		(201,832	)
Selling, general and administrative expenses		(1,543,625	)		(1,388,447	)		(1,573,601	)		(216,535	)

Total operating expenses		(2,910,732	)		(2,738,895	)		(3,040,353	)		(418,367	)

Other income, net		17,940			74,040			278,843			38,370
Fair value gain on derivative liability relating to the contingent consideration		—			175,131			16,662			2,293

Loss from operations		(3,090,183	)		(1,645,971	)		(1,609,058	)		(221,414	)

Interest income		303,637			398,645			356,682			49,081
Interest expense		(67,007	)		(85,121	)		(81,399	)		(11,201	)
Investment loss on long-term investments		(38,704	)		(19,456	)		(35,836	)		(4,931	)
Exchange gain (loss) from foreign currency transactions		42,663			(12,915	)		20,801			2,862
Other non-operating income, net		4,286			4,092			3,525			485

Loss before income tax (expenses) benefit and share of results of equity method investees		(2,845,308	)		(1,360,726	)		(1,345,285	)		(185,118	)

Income tax (expenses) benefit		(8,217	)		(1,060	)		33,773			4,647
Share of results of equity method investees		48,873			(6,104	)		26,831			3,692

Net loss		(2,804,652	)		(1,367,890	)		(1,284,681	)		(176,779	)

Net loss attributable to ordinary shareholders of XPeng Inc.		(2,804,652	)		(1,367,890	)		(1,284,681	)		(176,779	)


Function	Number of Employees
Research and development		5,619
Sales and marketing		4,357
Manufacturing		2,767
General and administration		87
Operation		431

Total		13,261


			For the Six Months Ended June 30,
	Note		2024			2023
			*RMB*			RMB
Revenues
Vehicle sales		3		12,363,263			7,938,304
Services and others		3		2,296,240			1,157,812

Total revenues		3		14,659,503			9,096,116

Cost of sales
Vehicle sales				(11,626,329	)		(8,405,064	)
Services and others				(1,053,631	)		(821,411	)

Total cost of sales				(12,679,960	)		(9,226,475	)

Gross profit (loss)				1,979,543			(130,359	)

Operating expenses
Research and development expenses				(2,817,200	)		(2,662,961	)
Selling, general and administrative expenses				(2,962,048	)		(2,930,245	)

Total operating expenses				(5,779,248	)		(5,593,206	)

Other income, net				352,883			48,005
Fair value gain on derivative liability relating to the contingent consideration				191,793			—

Loss from operations				(3,255,029	)		(5,675,560	)

Interest income				755,327			603,378
Interest expenses				(166,520	)		(129,674	)
Fair value loss on long-term investments				(55,292	)		(30,264	)
Exchange gain from foreign currency transactions				7,886			44,746
Other non-operating income, net				7,617			10,288

Loss before income tax benefit (expenses) and share of results of equity method investees				(2,706,011	)		(5,177,086	)

Income tax benefit (expenses)		4		32,713			(14,374	)
Share of results of equity method investees				20,727			49,850

Net loss				(2,652,571	)		(5,141,610	)

Net loss attributable to ordinary shareholders of XPeng Inc.				(2,652,571	)		(5,141,610	)


	For the Six Months Ended June 30,
	2024 *RMB’000*		2023 RMB’000
Vehicle sales
— At a point in time		12,363,263		7,938,304
Services and others
— At a point in time		946,026		730,927
— Over time		1,350,214		426,885

Total		14,659,503		9,096,116


	For the Six months Ended June 30,
	2024 *RMB’000*			2023 RMB’000
Numerator:
Net loss		(2,652,571	)		(5,141,610	)

Net loss attributable to ordinary shareholders of XPeng Inc.		(2,652,571	)		(5,141,610	)

Denominator:
Weighted average number of ordinary shares outstanding-basic and diluted		1,886,710,018			1,722,728,620

Basic and diluted net loss per share attributable to ordinary shareholders of XPeng Inc.		(1.41	)		(2.98	)


	As of June 30, 2024 *RMB’000*		As of December 31, 2023 RMB’000
Accounts receivable, net		2,135,141		2,689,310
Notes receivable		—		26,906

Total		2,135,141		2,716,216


	As of June 30, 2024 *RMB’000*			As of December 31, 2023 RMB’000
Accounts receivable, gross		2,152,937			2,706,480
Allowance for doubtful accounts		(17,796	)		(17,170	)

Accounts receivable, net		2,135,141			2,689,310


	As of June 30, 2024 *RMB’000*		As of December 31, 2023 RMB’000
0–3 months		548,873		586,876
3–6 months		72,379		7,290
6–12 months		38,754		4,380
Over 1 year		1,492,931		2,107,934

Accounts receivable, gross		2,152,937		2,706,480


	As of June 30, 2024 *RMB’000*		As of December 31, 2023 RMB’000
0–3 months		—		26,906

Notes receivable, gross		—		26,906


	As of June 30, 2024 *RMB’000*		As of December 31, 2023 RMB’000
Accounts payable		8,099,729		13,491,144
Notes payable		8,290,266		8,719,287

Total		16,389,995		22,210,431


	As of June 30, 2024 *RMB’000*		As of December 31, 2023 *RMB’000*
0–3 months		6,253,809		11,953,357
3–6 months		1,076,749		1,048,031
6–12 months		462,773		285,234
Over 1 year		306,398		204,522

Total		8,099,729		13,491,144


	For the Six Months Ended June 30,
	2024 *RMB*			2023 RMB
Loss from operations		(3,255,029	)		(5,675,560	)
Fair value gain on derivative liability relating to contingent consideration		(191,793	)		—
Share-based compensation expenses		216,017			259,208

Non-GAAP loss from operations		(3,230,805	)		(5,416,352	)

Net loss		(2,652,571	)		(5,141,610	)
Fair value gain on derivative liability relating to contingent consideration		(191,793	)		—
Share-based compensation expenses		216,017			259,208

Non-GAAP net loss		(2,628,347	)		(4,882,402	)

Net loss attributable to ordinary shareholders		(2,652,571	)		(5,141,610	)
Fair value gain on derivative liability relating to contingent consideration		(191,793	)		—
Share-based compensation expenses		216,017			259,208

Non-GAAP net loss attributable to ordinary shareholders of XPeng Inc.		(2,628,347	)		(4,882,402	)

Weighted average number of ordinary shares used in calculating Non-GAAP net loss per share
Basic and diluted		1,886,710,018			1,722,728,620
Non-GAAP net loss per ordinary share
Basic and diluted		(1.39	)		(2.83	)
Weighted average number of ADS used in calculating Non-GAAP net loss per share
Basic and diluted		943,355,009			861,364,310
Non-GAAP net loss per ADS
Basic and diluted		(2.79	)		(5.67	)