XPeng Reports Third Quarter 2021 Unaudited Financial Results

Quarterly vehicle deliveries reached 25,666, a 199.2% increase year-over-year
Quarterly total revenues reached RMB5,719.9 million, a 187.4% increase year-over-year
Quarterly gross margin reached 14.4%

GUANGZHOU, China -- (BUSINESS WIRE) --

XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its unaudited financial results for the three months ended September 30, 2021.

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Operational Highlights for the Three Months Ended September 30, 2021

• Deliveries of vehicles were 25,666 in the third quarter of 2021, setting a new quarterly record and representing an increase of 199.2% from 8,578 in the corresponding period of 2020 and an increase of 47.5% from 17,398 in the second quarter of 2021.
• Deliveries of the P7 were 19,731 in the third quarter of 2021, reaching a record quarterly high and representing an increase of 71.2% from 11,522 in the second quarter of 2021.