Xpeng shares rise again as the Chinese electric vehicle maker reported better-than-expected first-quarter earnings and raised its delivery outlook for the second quarter of 2025.
The company’s stock jumped over 6% in premarket trading on Wednesday and held a 5.23% gain by early afternoon in London. This adds to a 66% year-to-date rally, driven by strong vehicle deliveries and improved financial performance.
In the first quarter, Xpeng posted revenue of 15.81 billion yuan ($2.18 billion), beating analyst expectations of 15.1 billion yuan. This marked a 141.5% increase from the same period last year. The company’s net loss narrowed to 660 million yuan, far below the projected 1.4 billion yuan and down from 1.37 billion yuan a year ago.
Xpeng now expects second-quarter revenue between 17.5 billion and 18.7 billion yuan. This also exceeds consensus forecasts. Additionally, the company aims to deliver between 102,000 and 108,000 electric vehicles in Q2—a year-over-year increase of nearly 238% to 258%.
In Q1 alone, Xpeng delivered 94,008 vehicles, up sharply from 2023 levels when the company faced economic headwinds and intense competition in China’s EV market.
Xpeng shares rise as investors respond positively to the company’s recovery. After a tough 2023, Xpeng launched a mass-market vehicle and refreshed its flagship X9 model in April 2025. These moves helped revive consumer demand and investor confidence.
Xpeng also delivered 35,045 vehicles in April alone. This marks the sixth consecutive month of exceeding 30,000 unit sales, further supporting its bullish momentum.
Although the stock has finally rebounded above its 2020 IPO price of $15 per share, it remains well below its October 2021 peak of over $50.
The company continues to face stiff competition from newcomers like Xiaomi and established rivals such as BYD. However, its delivery strength and clear growth roadmap have kept investor sentiment strong.
Xpeng shares rise as the EV maker pushes ahead with aggressive expansion plans, innovative product offerings, and steadily improving financials.
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