XPENGReportsThirdQuarter2025UnauditedFinancialResults

November17,2025

·Cashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositswereRMB48.33billion(US$6.79billion)asofSeptember30,2025

.QuarterlytotalrevenueswereRMB20.38billion,a101.8%increaseyear-over-year

.Quarterlygrossmarginwas20.1%,anincreaseof4.8percentagepointsoverthesameperiodof2024

.Quarterlyvehiclemarginwas13.1%,anincreaseof4.5percentagepointsoverthesameperiodof2024

GUANGZHOU,China,Nov.17,2025/PRNewswire/--XPengInc.("XPENG"orthe"Company,"NYSE:XPEVandHKEX:9868),aleadingChinesesmartelectricvehicle("SmartEV")company,todayannounceditsunauditedfinancialresultsforthethreemonthsendedSeptember30,2025.

OperationalandFinancialHighlightsfortheThreeMonthsEndedSeptember30,2025

2025Q32025Q22025Q12024Q42024Q32024Q2

Totaldeliveries116,007103,18194,00891,50746,53330,207

.Totaldeliveriesofvehicleswere116,007forthethirdquarterof2025,representinganincreaseof149.3%from46,533inthecorrespondingperiodof2024.

.XPENG'sphysicalsalesnetworkhadatotalof690stores,covering242citiesasofSeptember30,2025.

.XPENGself-operatedchargingstationnetworkreached2,676stations,including1,623XPENGS4andS5ultra-fastchargingstationsasofSeptember30,2025.

.TotalrevenueswereRMB20.38billion(US$2.86billion)forthethirdquarterof2025,representinganincreaseof101.8%fromthesameperiodof2024,andanincreaseof11.5%fromthesecondquarterof2025.

·RevenuesfromvehiclesaleswereRMB18.05billion(US$2.54billion)forthethirdquarterof2025,representinganincreaseof105.3%fromthesameperiodof2024,andanincreaseof6.9%fromthesecondquarterof2025.

.Grossmarginwas20.1%forthethirdquarterof2025,comparedwith15.3%forthesameperiodof2024and17.3%forthesecondquarterof2025.

.Vehiclemargin,whichisgrossprofitofvehiclesalesasapercentageofvehiclesalesrevenue,was13.1%forthethirdquarterof2025,comparedwith8.6%forthesameperiodof2024and14.3%forthesecondquarterof2025.

·NetlosswasRMB0.38billion(US$0.05billion)forthethirdquarterof2025,comparedwithRMB1.81billionforthesameperiodof2024andRMB0.48billionforthesecondquarterof2025.Excludingshare-basedcompensationexpensesandfairvalueloss(gain)onderivativeliabilityrelatingtothecontingentconsideration,non-GAAPnetlosswasRMB0.15

billion(US$0.02billion)forthethirdquarterof2025,comparedwithRMB1.53billionforthesameperiodof2024andRMB0.39billionforthesecondquarterof2025.

.NetlossattributabletoordinaryshareholdersofXPENGwasRMB0.38billion(US$0.05billion)forthethirdquarterof2025,comparedwithRMB1.81billionforthesameperiodof2024andRMB0.48billionforthesecondquarterof2025.

Excludingshare-basedcompensationexpensesandfairvalueloss(gain)onderivativeliabilityrelatingtothecontingentconsideration,non-GAAPnetlossattributabletoordinaryshareholdersofXPENGwasRMB0.15billion(US$0.02billion)forthethirdquarterof2025,comparedwithRMB1.53billionforthesameperiodof2024andRMB0.39billionforthesecondquarterof2025.

.BasicanddilutednetlossperAmericandepositaryshare(ADS)werebothRMB0.40(US$0.06)andbasicand

dilutednetlossperordinarysharewerebothRMB0.20(US$0.03)forthethirdquarterof2025.EachADSrepresentstwoClassAordinaryshares.

.Non-GAAPbasicanddilutednetlossperADSwerebothRMB0.16(US$0.02)andnon-GAAPbasicanddilutednetlossperordinarysharewerebothRMB0.08(US$0.01)forthethirdquarterof2025.

.Cashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositswereRMB48.33billion

(US$6.79billion)asofSeptember30,2025,comparedwithRMB47.57billionasofJune30,2025.Timedepositsincluderestrictedshort-termdeposits,short-termdeposits,currentportionandnon-currentportionofrestrictedlong-termdeposits,currentportionandnon-currentportionoflong-termdeposits.

KeyFinancialResults

(inRMBbillions,exceptforpercentage)

FortheThreeMonthsEnded%Changei

September30,June30,September30,

2025

2025

2024YoYQoQ

Vehiclesales

18.05

16.88

8.80105.3%6.9%

Vehiclemargin

13.1%

14.3%

8.6%4.5pts-1.2pts

Totalrevenues

20.38

18.27

10.10101.8%11.5%

Grossprofit

4.10

3.17

1.54166.3%29.6%

Grossmargin

20.1%

17.3%

15.3%4.8pts2.8pts

Netloss

0.38

0.48

1.81-78.9%-20.3%

Non-GAAPnetloss

0.15

0.39

1.53-90.1%-60.6%

Netlossattributableto

ordinaryshareholders

0.38

0.48

1.81-78.9%-20.3%

Non-GAAPnetloss

attributabletoordinaryshareholders

0.15

0.39

1.53-90.1%-60.6%

Comprehensiveloss

attributabletoordinaryshareholders

0.50

0.49

2.09-75.9%1.9%

iExceptforvehiclemarginandgrossmargin,whereabsolutechangesinsteadofpercentagechangesarepresented

ManagementCommentary

"Inthethirdquarterof2025,XPENGdeliveredanothersetofrecordresults.Vehicledeliveries,revenue,grossmarginandcashonhandallreachednewhighs,"saidMr.XiaopengHe,ChairmanandCEOofXPENG."Weareintheearlystagesofrapidexpansionintermsofsalesvolumeandmarketshare,withRobotaxiandhumanoidrobotsadvancingrapidlytowardmassproduction.IfirmlybelieveXPENGwillevolveintoaglobalembodiedAI

company.CenteredaroundphysicalAIapplications,wearedevelopingacomprehensiveportfoliooftechnologiesandproducts,alongsideathrivingbusinessecosystem,therebycreatinggreatervalueforcustomersandshareholdersworldwide."

"Witheffectivecostcontrolandtechnology-relatedrevenuestreamsunlockinggreaterpotential,ourgrossmarginexceeded20%forthefirsttimeinthethirdquarter,"addedDr.HongdiBrianGu,ViceChairmanandCo-PresidentofXPENG."Continuousoperationalimprovementdeepensour

commitmenttoPhysicalAIR&D.Meanwhile,welookforwardtocollaboratingwithmoreglobalbusinessandtechnologypartnerstoexpandtheecosystemforphysicalAIapplications,fosteringavirtuouscyclebetweentechnologicalinnovationandcommercialization."

RecentDevelopments

DeliveriesinOctober2025

·Totaldeliverieswere42,013vehiclesinOctober2025.

·AsofOctober31,2025,year-to-datetotaldeliverieswere355,209vehicles.

2025XPENGAIDay

OnNovember5,2025,XPENGhostedits2025AIDayeventinGuangzhou.TheCompanydemonstrateditsachievementsandmassproductionplansinphysicalAI,includingXPENGVLA2.0,Robotaxi,Next-GenIRONhumanoidrobot.

UnauditedFinancialResultsfortheThreeMonthsEndedSeptember30,2025

TotalrevenueswereRMB20.38billion(US$2.86billion)forthethirdquarterof2025,representinganincreaseof101.8%fromRMB10.10billionforthesameperiodof2024andanincreaseof11.5%fromRMB18.27billionforthesecondquarterof2025.

RevenuesfromvehiclesaleswereRMB18.05billion(US$2.54billion)forthethirdquarterof2025,representinganincreaseof105.3%from

RMB8.80billionforthesameperiodof2024,andanincreaseof6.9%fromRMB16.88billionforthesecondquarterof2025.Theyear-over-yearandquarter-over-quarterincreasesweremainlyattributabletohigherdeliveriesfromnewlylaunchedvehiclemodels.

RevenuesfromservicesandotherswereRMB2.33billion(US$0.33billion)forthethirdquarterof2025,representinganincreaseof78.1%from

RMB1.31billionforthesameperiodof2024andanincreaseof67.3%fromRMB1.39billionforthesecondquarterof2025.Theyear-over-yearandquarter-over-quarterincreaseswereprimarilyattributabletotheincreasedrevenuesofafter-salesservicesandtechnicalresearchanddevelopmentservices("technicalR&Dservices")renderedtoacarmanufacturer(the"Manufacturer")withthesuccessfulachievementofcertainkeymilestonesinthecurrentquarter,undertheagreemententeredintowiththeManufacturer.

CostofsaleswasRMB16.28billion(US$2.29billion)forthethirdquarterof2025,representinganincreaseof90.1%fromRMB8.56billionforthesameperiodof2024andanincreaseof7.7%fromRMB15.11billionforthesecondquarterof2025.Theyear-over-yearandquarter-over-quarterincreasesweremainlyinlinewithvehicledeliveriesasdescribedabove.

Grossmarginwas20.1%forthethirdquarterof2025,comparedwith15.3%forthesameperiodof2024and17.3%forthesecondquarterof2025.

Vehiclemarginwas13.1%forthethirdquarterof2025,comparedwith8.6%forthesameperiodof2024and14.3%forthesecondquarterof2025.Theyear-over-yearincreasewasprimarilyattributabletotheongoingcostreduction.Thequarter-over-quarterdecreasewasduetotheproduct

generationtransition.

Servicesandothersmarginwas74.6%forthethirdquarterof2025,comparedwith60.1%forthesameperiodof2024and53.6%forthesecond

quarterof2025.Theyear-over-yearandquarter-over-quarterincreaseswereprimarilyattributabletotheaforementionedrevenuefromtechnicalR&Dservices.

ResearchanddevelopmentexpenseswereRMB2.43billion(US$0.34billion)forthethirdquarterof2025,representinganincreaseof48.7%fromRMB1.63billionforthesameperiodof2024andanincreaseof10.1%fromRMB2.21billionforthesecondquarterof2025.Theyear-over-yearandquarter-over-quarterincreasesweremainlyduetohigherexpensesrelatedtothedevelopmentofnewvehiclemodelsandtechnologiesasthe

Companyexpandeditsproductportfoliotosupportfuturegrowth.

Selling,generalandadministrativeexpenseswereRMB2.49billion(US$0.35billion)forthethirdquarterof2025,representinganincreaseof52.6%fromRMB1.63billionforthesameperiodof2024andanincreaseof15.0%fromRMB2.17billionforthesecondquarterof2025.The

year-over-yearandquarter-over-quarterincreaseswereprimarilyduetothehighercommissiontothefranchisedstoresdrivenbyhighersalesvolumeandhighermarketingandadvertisingexpenses.

Otherincome,netwasRMB0.14billion(US$0.02billion)forthethirdquarterof2025,representinganincreaseof251.5%fromRMB0.04billionforthesameperiodof2024andadecreaseof40.9%fromRMB0.24billionforthesecondquarterof2025.Theyear-over-yearincreaseandquarter-over-quarterdecreasewereprimarilyduetothefluctuationsinreceiptofgovernmentsubsidies.

Fairvalue(loss)gainonderivativeliabilityrelatingtothecontingentconsiderationwaslossofRMB0.07billion(US$0.01billion)forthethirdquarterof2025,comparedwithlossofRMB0.16billionforthesameperiodof2024andgainofRMB0.03billionforthesecondquarterof2025.Thisnon-cash(loss)gainresultedfromthefairvaluechangeofthecontingentconsiderationrelatedtotheacquisitionofDiDiGlobalInc.("DiDi")'ssmartautobusiness.

LossfromoperationswasRMB0.75billion(US$0.11billion)forthethirdquarterof2025,comparedwithRMB1.85billionforthesameperiodof2024andRMB0.93billionforthesecondquarterof2025.

Non-GAAPlossfromoperations,whichexcludesshare-basedcompensationexpensesandfairvalueloss(gain)onderivativeliabilityrelatingtothecontingentconsideration,wasRMB0.52billion(US$0.07billion)forthethirdquarterof2025,comparedwithRMB1.57billionforthesameperiodof

2024andRMB0.84billionforthesecondquarterof2025.

NetlosswasRMB0.38billion(US$0.05billion)forthethirdquarterof2025,comparedwithRMB1.81billionforthesameperiodof2024andRMB0.48billionforthesecondquarterof2025.

Non-GAAPnetloss,whichexcludesshare-basedcompensationexpensesandfairvalueloss(gain)onderivativeliabilityrelatingtothecontingentconsideration,wasRMB0.15billion(US$0.02billion)forthethirdquarterof2025,comparedwithRMB1.53billionforthesameperiodof2024andRMB0.39billionforthesecondquarterof2025.

NetlossattributabletoordinaryshareholdersofXPENGwasRMB0.38billion(US$0.05billion)forthethirdquarterof2025,comparedwithRMB1.81billionforthesameperiodof2024andRMB0.48billionforthesecondquarterof2025.

Non-GAAPnetlossattributabletoordinaryshareholdersofXPENG,whichexcludesshare-basedcompensationexpensesandfairvalueloss

(gain)onderivativeliabilityrelatingtothecontingentconsideration,wasRMB0.15billion(US$0.02billion)forthethirdquarterof2025,comparedwithRMB1.53billionforthesameperiodof2024andRMB0.39billionforthesecondquarterof2025.

BasicanddilutednetlossperADSwerebothRMB0.40(US$0.06)forthethirdquarterof2025,comparedwithRMB1.91forthethirdquarterof2024andRMB0.50forthesecondquarterof2025.

Non-GAAPbasicanddilutednetlossperADSwerebothRMB0.16(US$0.02)forthethirdquarterof2025,comparedwithRMB1.62forthethirdquarterof2024andRMB0.41forthesecondquarterof2025.

BalanceSheets

AsofSeptember30,2025,theCompanyhadcashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositsofRMB48.33billion(US$6.79billion),comparedwithRMB35.75billionasofSeptember30,2024andRMB47.57billionasofJune30,2025.

BusinessOutlook

Forthefourthquarterof2025,theCompanyexpects:

.Deliveriesofvehiclestobebetween125,000and132,000,representingayear-over-yearincreaseofapproximately36.6%to44.3%.

.TotalrevenuestobebetweenRMB21.5billionandRMB23.0billion,representingayear-over-yearincreaseofapproximately33.5%to42.8%.

TheaboveoutlookisbasedonthecurrentmarketconditionsandreflectstheCompany'spreliminaryestimatesofmarketandoperatingconditions,andcustomerdemand,whichareallsubjecttochange.

ConferenceCall

TheCompany'smanagementwillhostanearningsconferencecallat8:00AMU.S.EasternTimeonNovember17,2025(9:00PMBeijing/HongKongTimeonNovember17,2025).

Forparticipantswhowishtojointhecallbyphone,pleaseaccessthelinkprovidedbelowtocompletethepre-registrationprocessanddialin5minutespriortothescheduledcallstarttime.Uponregistration,eachparticipantwillreceivedial-indetailstojointheconferencecall.

EventTitle:XPENGThirdQuarter2025EarningsConferenceCall

Pre-registrationlink:

/diamondpass/10051050-8ugr43.html

Additionally,aliveandarchivedwebcastoftheconferencecallwillbeavailableontheCompany'sinvestorrelationswebsiteat

.

AreplayoftheconferencecallwillbeaccessibleapproximatelyanhouraftertheconclusionofthecalluntilNovember24,2025,bydialingthe

followingtelephonenumbers:

UnitedStates:+1-855-883-1031

International:+61-7-3107-6325

HongKong,China:800-930-639

MainlandChina:400-120-9216

ReplayAccessCode:10051050

AboutXPENG

XPENGisaleadingChineseSmartEVcompanythatdesigns,develops,manufactures,andmarketsSmartEVsthatappealtothelargeandgrowingbaseoftechnology-savvymiddle-classconsumers.Itsmissionistobecomeasmarttechnologycompanytrustedandlovedbyusersworldwide.In

ordertooptimizeitscustomers'mobilityexperience,XPENGdevelopsin-houseitsfull-stackadvanceddriver-assistancesystemtechnologyandin-carintelligentoperatingsystem,aswellascorevehiclesystemsincludingpowertrainandtheelectrical/electronicarchitecture.XPENGisheadquarteredinGuangzhou,China,withmainofficesinBeijing,Shanghai,Shenzhen,SiliconValleyandSanDiego.TheCompany'sSmartEVsaremainly

manufacturedatitsplantsinZhaoqingandGuangzhou,Guangdongprovince.Formoreinformation,pleasevisit

/.

UseofNon-GAAPFinancialMeasures

TheCompanyusesnon-GAAPmeasures,suchasnon-GAAPlossfromoperations,non-GAAPnetloss,non-GAAPnetlossattributabletoordinaryshareholders,non-GAAPbasiclossperweightedaveragenumberofordinarysharesandnon-GAAPbasiclossperADS,inevaluatingitsoperatingresultsandforfinancialandoperationaldecision-makingpurposes.Byexcludingtheimpactofshare-basedcompensationexpensesandfairvalue

loss(gain)onderivativeliabilityrelatingtothecontingentconsideration,theCompanybelievesthatthenon-GAAPfinancialmeasureshelpidentify

underlyingtrendsinitsbusinessandenhancetheoverallunderstandingoftheCompany'spastperformanceandfutureprospects.TheCompanyalsobelievesthatthenon-GAAPfinancialmeasuresallowforgreatervisibilitywithrespecttokeymetricsusedbytheCompany'smanagementinits

financialandoperationaldecision-making.Thenon-GAAPfinancialmeasuresarenotpresentedinaccordancewithU.S.GAAPandmaybedifferentfromnon-GAAPmethodsofaccountingandreportingusedbyothercompanies.Thenon-GAAPfinancialmeasureshavelimitationsasanalyticaltoolsandwhenassessingtheCompany'soperatingperformance,investorsshouldnotconsidertheminisolation,orasasubstitutefornetlossorother

consolidatedstatementsofcomprehensivelossdatapreparedinaccordancewithU.S.GAAP.TheCompanyencouragesinvestorsandotherstoreviewitsfinancialinformationinitsentiretyandnotrelyonasinglefinancialmeasure.TheCompanymitigatestheselimitationsbyreconcilingthenon-GAAPfinancialmeasurestothemostcomparableU.S.GAAPperformancemeasures,allofwhichshouldbeconsideredwhenevaluatingtheCompany'sperformance.

Formoreinformationonthenon-GAAPfinancialmeasures,pleaseseethetablecaptioned"UnauditedReconciliationsofGAAPandnon-GAAPResults"setforthinthisannouncement.

ExchangeRateInformation

ThisannouncementcontainstranslationsofcertainRMBamountsintoU.S.dollarsataspecifiedratesolelyfortheconvenienceofthereader.Unlessotherwisenoted,alltranslationsfromRMBtoU.S.dollarsandfromU.S.dollarstoRMBaremadeatarateofRMB7.1190toUS$1.00,theexchangerateonSeptember30,2025,setforthintheH.10statisticalreleaseoftheFederalReserveBoard.TheCompanymakesnorepresentationthatthe

RMBorU.S.dollarsamountsreferredcouldbeconvertedintoU.S.dollarsorRMB,asthecasemaybe,atanyparticularrateoratall.

SafeHarborStatement

Thisannouncementcontainsforward-lookingstatements.Thesestatementsaremadeunderthe"safeharbor"provisionsoftheUnitedStatesPrivateSecuritiesLitigationReformActof1995.Theseforward-lookingstatementscanbeidentifiedbyterminologysuchas"will,""expects,""anticipates,"

"future,""intends,""plans,""believes,""estimates"andsimilarstatements.Statementsthatarenothistoricalfacts,includingstatementsabout

XPENG'sbeliefsandexpectations,areforward-lookingstatements.Forward-lookingstatementsinvolveinherentrisksanduncertainties.Anumberoffactorscouldcauseactualresultstodiffermateriallyfromthosecontainedinanyforward-lookingstatement,includingbutnotlimitedtothefollowing:XPENG'sgoalandstrategies;XPENG'sexpansionplans;XPENG'sfuturebusinessdevelopment,financialconditionandresultsofoperations;the

trendsin,andsizeof,China'sEVmarket;XPENG'sexpectationsregardingdemandfor,andmarketacceptanceof,itsproductsandservices;

XPENG'sexpectationsregardingitsrelationshipswithcustomers,suppliers,third-partyserviceproviders,strategicpartnersandotherstakeholders;generaleconomicandbusinessconditions;andassumptionsunderlyingorrelatedtoanyoftheforegoing.FurtherinformationregardingtheseandotherrisksisincludedinXPENG'sfilingswiththeUnitedStatesSecuritiesandExchangeCommission.Allinformationprovidedinthisannouncementisasofthedateofthisannouncement,andXPENGdoesnotundertakeanyobligationtoupdateanyforward-lookingstatement,exceptasrequiredunderapplicablelaw.

ForInvestorEnquiries

IRDepartmentXPengInc.

E-mail:

ir@

JennyCai

PiacenteFinancialCommunications

Tel:+1-212-481-2050or+86-10-6508-0677

E-mail:

xpeng@

ForMediaEnquiries

PRDepartmentXPengInc.

E-mail:

pr@

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

December31,2024RMB

September30,2025RMB

September30,2025US$

ASSETS

Currentassets

Cashandcashequivalents18,586,274

17,532,928

2,462,836

Restrictedcash3,153,390

4,691,122

658,958

Short-termdeposits12,931,757

13,302,720

1,868,622

Restrictedshort-termdeposits110,699

256,405

36,017

Short-terminvestments751,290

3,861,813

542,466

Long-termdeposits,currentportion452,326

1,723,868

242,150

Restrictedlong-termdeposits,currentportion—

595,897

83,705

Accountsandnotesreceivable,net2,449,629

Installmentpaymentreceivables,net,

1,635,569

229,747

currentportion2,558,756

2,901,912

407,629

Inventory5,562,922

9,240,680

1,298,031

Amountsduefromrelatedparties43,714

32,871

4,617

Prepaymentsandothercurrentassets3,135,312

4,178,866

587,006

Totalcurrentassets49,736,069

59,954,651

8,421,784

Non-currentassets

Long-termdeposits4,489,036

5,235,357

735,406

Restrictedlong-termdeposits1,487,688

1,125,186

158,054

Property,plantandequipment,net11,521,863

12,328,645

1,731,794

Right-of-useassets,net1,261,663

3,787,840

532,075

Intangibleassets,net4,610,469

4,216,325

592,264

Landuserights,net2,744,424

3,235,622

454,505

Installmentpaymentreceivables,net4,448,416

4,807,368

675,287

Long-terminvestments1,963,194

2,300,564

323,158

Othernon-currentassets443,283

1,314,719

184,677

Totalnon-currentassets32,970,036

38,351,626

5,387,220

Totalassets82,706,105

98,306,277

13,809,004

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS(CONTINUED)

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

December31,

September30,

September30,

2024

2025

2025

RMB

RMB

US$

LIABILITIES

Currentliabilities

Short-termborrowings

4,609,123

3,479,123

488,710

Accountspayable

15,181,585

17,751,381

2,493,522

Notespayable

7,898,896

17,358,089

2,438,276

Amountsduetorelatedparties

9,364

77

11

Operatingleaseliabilities,currentportion

324,496

458,418

64,394

Financeleaseliabilities,currentportion

41,940

11,907

1,673

Deferredrevenue,currentportion

1,275,716

1,902,340

267,220

Long-termborrowings,currentportion

1,858,613

1,922,077

269,993

Accrualsandotherliabilities

8,650,636

10,678,481

1,499,997

Incometaxespayable

14,514

6,644

933

Totalcurrentliabilities

39,864,883

53,568,537

7,524,729

Non-currentliabilities

Long-termborrowings

5,664,518

6,418,412

901,589

Operatingleaseliabilities

1,345,852

4,276,564

600,725

Financeleaseliabilities

777,697

774,722

108,825

Deferredrevenue

822,719

1,071,641

150,533

Derivativeliability

167,940

324,023

45,515

Deferredtaxliabilities

341,932

312,585

43,909

Othernon-currentliabilities

2,445,776

1,570,845

220,655

Totalnon-currentliabilities

11,566,434

14,748,792

2,071,751

Totalliabilities

51,431,317

68,317,329

9,596,480

SHAREHOLDERS'EQUITY

ClassAOrdinaryshares

104

105

15

ClassBOrdinaryshares

21

21

3

Additionalpaid-incapital

70,671,685

71,073,383

9,983,619

Statutoryandotherreserves

95,019

118,882

16,700

Accumulateddeficit

(41,585,549)

(43,132,080)

(6,058,727)

Accumulatedothercomprehensiveincome

2,093,508

1,928,637

270,914

Totalshareholders'equity

31,274,788

29,988,948

4,212,524

Totalliabilitiesandshareholders'equity

82,706,105

98,306,277

13,809,004

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVELOSS

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

ThreeMonthsEnded

September30,

June30,

September30,

September30,

2024

2025

2025

2025

RMB

RMB

RMB

US$

Revenues

Vehiclesales8,795,011

16,883,696

18,053,752

2,535,996

Servicesandothers1,306,699

1,390,709

2,327,198

326,900

Totalrevenues10,101,710

18,274,405

20,380,950

2,862,896

Costofsales

Vehiclesales(8,039,240)

(14,461,688)

(15,686,646)

(2,203,490)

Servicesandothers(521,022)

(645,387)

(590,051)

(82,884)

Totalcostofsales(8,560,262)

(15,107,075)

(16,276,697)

(2,286,374)

Grossprofit1,541,448

3,167,330

4,104,253

576,522

Operatingexpenses

Researchanddevelopmentexpenses(1,633,071)

(2,206,144)

(2,428,863)

(341,180)

Selling,generalandadministrativeexpenses(1,633,196)

(2,167,241)

(2,492,897)

(350,175)

Otherincome,net39,908

Fairvalue(loss)gainonderivativeliabilityrelatingtothecontingent

237,402

140,283

19,705

consideration(162,185)

34,004

(73,824)

(10,370)

Totaloper