XPeng unveils Q3 2020 unaudited financial results

13 November 2020, 04:20:29

XPeng unveils Q3 2020 unaudited financial resultsXPeng has unveiled its unaudited financial results for the third quarter of 2020. The company has delivered 8,578 vehicles, which is a 265.8% increase compared to Q3 2019. Of those, 6,210 are Xpeng P7 units, which is a staggering increase compared to 325 units delivered in Q2 of 2020. As of September 30, 2020, XPeng's physical sales and service network consisted of a total of 116 stores and 50 service centers, covering 58 cities. Xpeng-branded supercharging stations expanded to 135, covering 50 cities.

Total Smart EV deliveries for October 2020 reached 3,040 units in October 2020, representing a 229.0% increase year-over-year. The deliveries consisted of 2,104 P7s, XPeng’s smart sports sedan, and 936 G3s, XPeng's compact smart SUV. As of October 31, 2020, a cumulative total of 8,639 P7s were delivered.

Total revenues were RMB1,990.1 million (US$293.1 million) for the third quarter of 2020, representing an increase of 342.5% from RMB449.7 million for the same period of 2019 and an increase of 236.9% from RMB590.8 million for the second quarter of 2020.

Revenues from vehicle sales were RMB1,898.0 million (US$279.6 million) for the third quarter of 2020, representing an increase of 376.0% from RMB398.8 million for the same period of 2019, and an increase of 250.8% from RMB541.1 million for the second quarter of 2020.

Gross margin was 4.6% for the third quarter of 2020, compared with negative 10.1% for the same period of 2019 and negative 2.7% for the second quarter of 2020.

Net loss was RMB1,148.8 million (US$169.2 million) for the third quarter of 2020, compared with RMB776.3 million for the same period of 2019 and RMB146.0 million for the second quarter of 2020.

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EV Specifications

Complete specifications of EVs, grouped according to their brand and year

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Specifications of some of the most interesting and anticipated EVs.

2021 Tesla Model 3

2021 Tesla Model 3 Performance AWD

Doors: 4, Seats: 5
Length: 184.8 in / 4694 mm
Width: 72.8 in / 1849 mm
Height: 56.8 in / 1443 mm
Curb weight: 4100.6 lb / 1860 kg
Electric motor #1: 211 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 79.5 kWh, Voltage: 360 V

2021 Tesla Model 3

2021 Tesla Model 3 Long Range AWD

Doors: 4, Seats: 5
Length: 184.8 in / 4694 mm
Width: 72.8 in / 1849 mm
Height: 56.8 in / 1443 mm
Curb weight: 4071.94 lb / 1847 kg
Electric motor #1: 188 kW, Location: Rear
Electric motor #2: 147 kW, Location: Front
Battery: 79.5 kWh, Voltage: 360 V

2021 Tesla Model Y

2021 Tesla Model Y Performance AWD

Doors: 4, Seats: 5 / 7
Length: 187.0 in / 4751 mm
Width: 75.6 in / 1921 mm
Height: 63.9 in / 1624 mm
Curb weight: 4415.86 lb / 2003 kg
Location: Rear
Location: Front
Battery: 74 kWh

2021 Tesla Model Y

2021 Tesla Model Y Long Range AWD

Doors: 4, Seats: 5 / 7
Length: 187.0 in / 4751 mm
Width: 75.6 in / 1921 mm
Height: 63.9 in / 1624 mm
Curb weight: 4415.86 lb / 2003 kg
Location: Rear
Location: Front
Battery: 74 kWh

2021 Tesla Model X

2021 Tesla Model X Performance

Doors: 4, Seats: 5 / 6 / 7
Length: 198.3 in / 5037 mm
Width: 78.7 in / 1999 mm
Height: 66.0 in / 1676 mm
Curb weight: 5740.84 lb / 2604 kg
Electric motor #1: 375 kW, 720 Nm, Location: Rear
Electric motor #2: 205 kW, 420 Nm, Location: Front
Battery: 100 kWh, Voltage: 350 V

2021 Tesla Model X

2021 Tesla Model X Long Range Plus

Doors: 4, Seats: 5 / 6 / 7
Length: 198.3 in / 5037 mm
Width: 78.7 in / 1999 mm
Height: 66.0 in / 1676 mm
Curb weight: 5630.61 lb / 2554 kg
Electric motor #1: 210 kW, 335 Nm, Location: Rear
Electric motor #2: 205 kW, 420 Nm, Location: Front
Battery: 100 kWh, Voltage: 400 V

2022 Tesla Model S

2022 Tesla Model S Plaid Tri Motor AWD

Doors: 4, Seats: 5
Length: 196.0 in / 4978 mm
Width: 77.3 in / 1963 mm
Height: 56.5 in / 1435 mm
Curb weight: 4940.56 lb / 2241 kg

2021 Tesla Model S

2021 Tesla Model S Performance

Doors: 4, Seats: 5
Length: 196.0 in / 4978 mm
Width: 77.3 in / 1963 mm
Height: 56.5 in / 1435 mm
Curb weight: 4940.56 lb / 2241 kg
Electric motor #1: 375 kW, 720 Nm, Location: Rear
Electric motor #2: 205 kW, 420 Nm, Location: Front
Battery: 100 kWh, Voltage: 400 V

2021 Tesla Model S

2021 Tesla Model S Long Range Plus

Doors: 4, Seats: 5
Length: 196.0 in / 4978 mm
Width: 77.3 in / 1963 mm
Height: 56.5 in / 1435 mm
Curb weight: 4883.24 lb / 2215 kg
Electric motor #1: 210 kW, 420 Nm, Location: Rear
Electric motor #2: 205 kW, 335 Nm, Location: Front
Battery: 100 kWh, Voltage: 400 V

2022 Rivian R1T

2022 Rivian R1T Explore

Doors: 4, Seats: 5
Length: 218.0 in / 5537 mm
Height: 72.0 in / 1829 mm
Curb weight: 5886.34 lb / 2670 kg
Battery: 135 kWh

2022 Rivian R1T

2022 Rivian R1T Adventure

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Length: 218.0 in / 5537 mm
Height: 72.0 in / 1829 mm
Curb weight: 5886.34 lb / 2670 kg
Battery: 135 kWh

2021 Rivian R1S

2021 Rivian R1S Explore

Doors: 4, Seats: 5 / 7
Length: 202.0 in / 5131 mm
Height: 72.0 in / 1829 mm
Curb weight: 5842.25 lb / 2650 kg
Battery: 135 kWh

2021 Rivian R1S

2021 Rivian R1S Adventure

Doors: 4, Seats: 5 / 7
Length: 202.0 in / 5131 mm
Height: 72.0 in / 1829 mm
Curb weight: 5842.25 lb / 2650 kg
Battery: 135 kWh

2020 KIA e-Niro

2020 KIA e-Niro 4

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Length: 172.2 in / 4375 mm
Width: 71.1 in / 1805 mm
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Electric motor: 150 kW @ 3800 - 8000 rpm, 395 Nm, Location: Front
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2022 Tesla Cybertruck

2022 Tesla Cybertruck Tri Motor AWD

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Doors: 4, Seats: 5
Length: 186.0 in / 4724 mm
Width: 74.0 in / 1880 mm
Height: 63.0 in / 1600 mm
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Length: 186.0 in / 4724 mm
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2020 Tesla Model X

2020 Tesla Model X Performance (PMSR)

Doors: 4, Seats: 5 / 6 / 7
Length: 198.3 in / 5037 mm
Width: 78.7 in / 1999 mm
Height: 66.0 in / 1676 mm
Curb weight: 5740.84 lb / 2604 kg
Electric motor #1: 375 kW @ 6150 rpm, 660 Nm, Location: Rear
Electric motor #2: 193 kW @ 6100 - 6800 rpm, 330 Nm, Location: Front
Battery: 100 kWh, Voltage: 350 V