XPeng reported Q1 2026 total revenue of RMB13.03 billion, down 17.6% YoY and
41.4% QoQ. Vehicle sales were RMB11.00 billion, down 23.5% YoY and 42.3% QoQ.
Gross margin improved to 20.6% from 15.6% a year earlier but fell short of Q4
2025's 21.3%. Net loss was RMB1.78 billion, versus a RMB660 million loss in Q1
2025 and a RMB380 million profit in Q4 2025. Cash on hand was RMB42.09 billion
at March 31, down from RMB47.66 billion at Dec. 31, 2025.
