XPENG Reports Third Quarter 2024 Unaudited Financial Results
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XPeng Inc. reported a significant increase in its third-quarter 2024 financial results, with total revenues reaching RMB10.10 billion, a 24.5% increase quarter-over-quarter. The company's gross margin hit a historical high of 15.3%, and vehicle deliveries increased by 16.3% compared to the same period in 2023.
November 19, 2024 | 9:15 am
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XPeng Inc. reported strong Q3 2024 financial results with a 24.5% increase in revenues and a record gross margin of 15.3%. Vehicle deliveries also rose by 16.3% year-over-year.
The significant increase in revenues and gross margin, along with higher vehicle deliveries, indicates strong operational performance. This is likely to positively impact XPeng's stock price in the short term.
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