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Investing.com -- Xpeng Inc (HK:9868) (NYSE:XPEV) reported better-than-expected earnings for the second quarter while revenue fell slightly short of expectations. The company’s outlook for the current quarter
The Chinese electric vehicle (EV) maker posted Q2 loss per share of RMB0.20, beating analyst expectations of a RMB0.083 loss per share.
Revenue soared more than 125% year-over-year to RMB18.27 billion, but was slightly below the consensus estimate of RMB18.51 billion.
The company delivered 103,181 vehicles in the quarter, up 241.6% from 30,207 a year earlier.
Gross margin rose to 17.3%, an improvement of 3.3 percentage points year-on-year, while vehicle margin climbed to 14.3%, up 7.9 points.
“In the second quarter of 2025, XPENG achieved record-high performance across key operational and financial metrics, including vehicle deliveries, revenue, gross margin, and cash position,” said Mr. Xiaopeng He, Chairman and CEO of Xpeng.
“In the face of intense industry-wide price competition, we remain committed to a long-term, sustainable growth strategy, with rapidly improving operational quality. Our vehicle margin has improved for eight consecutive quarters," he added.
For the third quarter, XPeng expects revenue of RMB19.6–21 billion. The midpoint of that range missed the consensus projection of RMB21.1 billion.
Vehicle deliveries are projected at 113,000–118,000, marking an increase of about 142.8% to 153.6% from the prior year.