XPeng Q4 Loss Narrows as EV Deliveries and Revenue Surge Over 170%
- XPeng's Q4 net loss lowered to $190M from $330M a year ago due to cost cuts
- Delivered 60,158 vehicles in Q4, up 171% YoY; revenue up 154% YoY to $1.84B
- Gross margin turned positive to 6.2% from -2.7% in Q3; vehicle margin 4.1%
- Guidance Q1 production of 21K-22.5K vehicles; revenue growth 43.8%-53.7% YoY
- Confirmed launch of new affordable EV brand priced $14K-$21K as early as March
