XPeng Shares Soar After Q1 Revenue Surges 142% on Record Deliveries
Warning! GuruFocus has detected 2 Warning Sign with XPEV.
Revenue rose 141.5% year-over-year to RMB15.81 billion ($2.19 billion), topping the RMB15.69 billion consensus estimate. The surge was supported by record deliveries of 94,008 vehicles in the quarter, a 331% increase from the same period last year.
Adjusted diluted net loss per American depository share narrowed to RMB0.45, down from RMB1.49 a year earlier and below the projected RMB1.51 loss.
Gross margin improved to 15.6% from 12.9% a year ago. The company ended the quarter with RMB45.28 billion in cash, short-term investments, and deposits, up from RMB41.96 billion at the end of 2024.
XPeng's CEO, Xiaopeng He, said the company hit a new quarterly delivery record despite seasonal trends, adding that more high-volume models are on the way as part of its long-term strategy.
For the second quarter, XPeng expects to deliver between 102,000 and 108,000 vehicles, with revenue seen rising 116% to 131% year-over-year to RMB17.5 billionRMB18.7 billion.
This article first appeared on GuruFocus.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
24 minutes ago
- Hamilton Spectator
To Whom it May Concern: Trump's tariff letters cause a stir among world leaders
Ninety trade deals in 90 days didn't happen early in President Donald Trump's second term. 'Liberation Day' panicked the financial markets in April. And bespoke trade agreements with dozens of countries, he has said, takes too much time. 'There's 200 countries,'' the president acknowledged. 'You can't talk to all of them.'' So Trump repackaged his plan to slap tariffs on almost every nation in a series of unusual presidential letters to foreign leaders that set new thresholds not just for trade negotiations — but also for diplomatic style, tone and delivery. Most are fill-in-the-blank form letters that include leaders' names and a tariff rate. Words are capitalized using Trump's distinct social media style. A few typos and formatting issues appear throughout. They generally include an opening flourish of salutation, a grievance, the threat of a big jump in tariffs, a new deadline and an escape ramp allowing that 'we will, perhaps, consider an adjustment to this letter' if certain conditions are met. Rather than typical diplomatic talk of things like enduring mutual respect, Trump closes with, 'Thank you for your attention to this matter!' and 'Best wishes,' followed by his signature of three long strokes linked by and about 14 short ones. He appears to have paid special attention to his letters to Canada , with which he's been fighting and taunting for months, and Brazil , which he singled out for 50% tariffs apparently based on a personal grudge rather than economics. A negotiation tactic The good news for the leaders of foreign countries, Trump suggested, is that if he sent you a letter, he wants to negotiate. 'A letter means a deal,' he said during a Cabinet meeting. 'We can't meet with 200 countries.' But he's also managed to make his erratic trade policy baffling for American trading partners eager to negotiate a way to dodge his wrath. The president escalated a conflict he started with America's second-biggest trading partner and longstanding ally, raising the tariff — effectively a tax — on many Canadian imports to 35% effective Aug. 1. On Saturday, Trump announced more tariffs still, this time on two of the United States' biggest trade partners: the European Union and Mexico , at 30% each. And it's far from clear that these tariffs would benefit Americans' bottom lines. Trump's threat to boost import taxes by 50% on Brazilian goods could drive up the cost of breakfast in the United States by making staples of the American diet, such as coffee and orange juice, more expensive. Reception has been ... spotty The response to the letters, which the White House says will also be mailed, has been mixed. Canadian Prime Minister Mark Carney's office issued a mild statement acknowledging the new Aug. 1 deadline and suggesting he would stay the course 'steadfastly defend(ing) our workers and businesses.' Brazilian President Luiz Inácio Lula da Silva, meanwhile, vowed retaliatory tariffs and ordered his diplomats to return Trump's letter if it ever physically arrives at the presidential palace in Brasilia. 'Respect is good,' Lula told TV Record. 'I like to offer mine, and I like to receive it.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Business Wire
25 minutes ago
- Business Wire
Rosen Law Firm Urges Centene Corporation (NYSE: CNC) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers and acquirers of Centene Corporation (NYSE: CNC) securities between December 12, 2024 and June 30, 2025, both dates inclusive (the 'Class Period'). Centene is a healthcare company. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Centene Corporation (NYSE: CNC) Misled Investors Regarding its Business Operations. According to the lawsuit, defendants throughout the Class Period provided investors with material information concerning Centene's expected revenue guidance and adjusted diluted EPS for the 2025 fiscal year. Defendants' statements included, among other things, confidence in Centene's enrollment and morbidity rates, as well as strong retention rates in Centene's Medicare business. According to the lawsuit, defendants provided these overwhelmingly positive statements to investors while simultaneously disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Centene's enrollment and morbidity rates. Such statements absent these material facts caused shareholders to purchase Centene's securities at artificially inflated prices. When the true details entered the market, the lawsuit claims that investors suffered damages. What Now: You may be eligible to participate in the class action against Centene Corporation. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 8, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome.
San Francisco Chronicle
35 minutes ago
- San Francisco Chronicle
How Trump plans to dismantle the Education Department after Supreme Court ruling
WASHINGTON (AP) — The Supreme Court on Monday cleared the way for the Trump administration to continue unwinding the Education Department, allowing it to move ahead with mass layoffs and a plan to outsource the department's operations to other agencies. The justices paused a lower court order that had halted nearly 1,400 layoffs and had called into question the legality of President Donald Trump's plan to dismantle the department. Now, Trump and his education secretary, Linda McMahon, are free to execute the layoffs and break up the department's work among other federal agencies. Trump had campaigned on closing the department, and McMahon has said the department has one "final mission' to turn over its power to the states. 'The U.S. Department of Education will now deliver on its mandate to restore excellence in American education,' McMahon said Monday in a statement. McMahon is expected to move quickly — department lawyers have already previewed the plans in court filings. What happens with student loans, civil rights cases Trump and McMahon have acknowledged only Congress has authority to close the Education Department fully, but both have suggested its core functions could be parceled out to different federal agencies. Among the most important decisions is where to put management of federal student loans, a $1.6 trillion portfolio affecting nearly 43 million borrowers. Trump in March suggested the Small Business Administration would take on federal student loans, but a June court filing indicated the Treasury Department is expected to take over the work. The Education Department said it had been negotiating a contract with Treasury but paused discussions when the court intervened. That work is now expected to proceed in coming days. Under a separate arrangement, nine Education Department workers already have been detailed to Treasury, according to court filing. The department had also recently struck a deal to outsource the management of several grant programs for workforce training and adult education to the Department of Labor. The Education Department agreed to send $2.6 billion to Labor to oversee grants, which are distributed to states to be passed down to schools and colleges. Combining workforce training programs at Education and Labor would 'provide a coordinated federal education and workforce system,' according to the agreement. Additional agreements are expected to follow with other agencies. At her Senate confirmation hearing, McMahon suggested that enforcement of the Individuals with Disabilities Education Act could be handled by the Department of Health and Human Services. Civil rights work could be managed by the Justice Department, she said. Democracy Forward, which represents plaintiffs in the lawsuit, said it will pursue 'every legal option' to fight for children. 'No court in the nation — not even the Supreme Court — has found that what the administration is doing is lawful,' said Skye Perryman, president and CEO of the group, in a statement. Laying off staff Trump campaigned on a promise to close the agency, and in March ordered it to be wound down 'to the maximum extent appropriate and permitted by law.' McMahon had already started a dramatic downsizing, laying off about 1,400 workers. Education Department employees targeted by the layoffs have been on paid leave since March, according to a union that represents some of the agency's staff. The lower court order had prevented the department from fully terminating them, though none had been allowed to return to work, according to the American Federation of Government Employees Local 252. Without the lower court order, the workers would have been terminated in early June. The Education Department had said earlier in June that it was 'actively assessing how to reintegrate' the employees if courts did not rule in Trump's favor. ___ The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
