XPENG Reports First Quarter 2026 Unaudited Financial Results

GUANGZHOU, China, May 28, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company,"NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its unaudited financial results for the three months ended March 31, 2026.

Operational and Financial Highlights for the Three Months Ended March 31, 2026

2026Q1

2025Q4

2025Q3

2025Q2

2025Q1

2024Q4

Total deliveries

62,682

116,249

116,007

103,181

94,008

91,507

[i] Cash position includes cash and cash equivalents, restricted cash, short-term investments and time deposits. Time deposits include restricted short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, current portion and non-current portion of long-term deposits.

Key Financial Results

(in RMB billions, except for percentages)

For the Three Months Ended

% Change [ ii]

March 31,

December 31,

March 31,

2026

2025

YoY

QoQ

Vehicle sales

11.00

19.07

14.37

-23.5 %

-42.3 %

Vehicle margin

12.1 %

13.0 %

10.5 %

1.6pts

-0.9pts

Total revenues

13.03

22.25

15.81

-17.6 %

-41.4 %

Gross profit

2.68

4.74

2.46

9.1 %

-43.4 %

Gross margin

20.6 %

21.3 %

15.6 %

5.0pts

-0.7pts

Net (loss) profit

(1.78)

0.38

(0.66)

168.7 %

N/A

Non-GAAP net (loss)

profit

(1.69)

0.51

(0.43)

295.9 %

N/A

Net (loss) profit

attributable to

ordinary shareholders

(1.78)

0.38

(0.66)

168.7 %

N/A

Non-GAAP net (loss)

profit attributable to

ordinary shareholders

(1.69)

0.51

(0.43)

295.9 %

N/A

Comprehensive (loss)

profit attributable to

ordinary shareholders

(2.06)

0.22

(0.69)

198.4 %

N/A

[ii] Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented

Management Commentary

"Kickstarted by the successful launch of the GX, XPENG will deliver four new models this year, positioning us for a robust sales growth trajectory," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "This year, I am dedicated to leading our team to achieve the mass production of Robotaxis and humanoid robots. We are nurturing a global business ecosystem to transform physical AI technologies into new growth drivers for revenue and profit."

"For the first quarter of 2026, our gross margin surpassed 20%. Our in-house technological innovation and surging international revenue enabled us to remain resilient through the industry's seasonal slowdown," added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. "We will accelerate the mass adoption and commercialization of physical AI applications as a corporate strategic priority."

Recent Developments

Deliveries in April 2026

Launch of XPENG GX

On May 20, 2026, XPENG launched the XPENG GX, its tech flagship SUV.

Unaudited Financial Results for the Three Months Ended March 31, 2026

Total revenues were RMB13.03 billion (US$1.89 billion) for the first quarter of 2026, representing a decrease of 17.6% from RMB15.81 billion for the same period of 2025 and a decrease of 41.4% from RMB22.25 billion for the fourth quarter of 2025.

Revenues from vehicle sales were RMB11.00 billion (US$1.59 billion) for the first quarter of 2026, representing a decrease of 23.5% from RMB14.37 billion for the same period of 2025, and a decrease of 42.3% from RMB19.07 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were mainly attributable to lower vehicle deliveries.

Revenues from services and others were RMB2.03 billion (US$0.29 billion) for the first quarter of 2026, representing an increase of 41.2% from RMB1.44 billion for the same period of 2025 and a decrease of 36.1% from RMB3.18 billion for the fourth quarter of 2025. The year-over-year increase was primarily attributable to increased revenues from technical research and development services ("technical R&D services") and parts and accessories sales. The quarter-over-quarter decrease was primarily due to the reduction in technical R&D services revenues following a significant milestone catch-up in the prior quarter, as well as no revenue contribution from carbon credit trading in the current quarter.

Cost of sales was RMB10.35 billion (US$1.50 billion) for the first quarter of 2026, representing a decrease of 22.5% from RMB13.35 billion for the same period of 2025 and a decrease of 40.9% from RMB17.51 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were mainly in line with vehicle deliveries as described above.

Gross margin was 20.6% for the first quarter of 2026, compared with 15.6% for the same period of 2025 and 21.3% for the fourth quarter of 2025.

Vehicle margin was 12.1% for the first quarter of 2026, compared with 10.5% for the same period of 2025 and 13.0% for the fourth quarter of 2025. The year-over-year increase was primarily attributable to the cost reduction and improvement in product mix of models. The quarter-over-quarter decrease was due to higher unit vehicle costs resulting from increased memory chip and battery related costs.

Services and others margin was 66.5% for the first quarter of 2026, compared with 66.4% for the same period of 2025 and 70.8% for the fourth quarter of 2025. The quarter-over-quarter decrease was due to a decreased share of the revenue from technical R&D services and parts and accessories sales within total services and other revenue.

Research and development expenses were RMB2.91 billion (US$0.42 billion) for the first quarter of 2026, representing an increase of 46.8% from RMB1.98 billion for the same period of 2025 and an increase of 1.1% from RMB2.87 billion for the fourth quarter of 2025. The year-over-year increase was mainly due to higher expenses related to the development of new vehicle models and AI-related technologies as the Company expanded its product portfolio to support future growth.

Selling, general and administrative expenses were RMB1.88 billion (US$0.27 billion) for the first quarter of 2026, representing a decrease of 3.2% from RMB1.95 billion for the same period of 2025 and a decrease of 32.5% from RMB2.79 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the lower commission to the franchised stores.

Other income, net was RMB0.18 billion (US$0.03 billion) for the first quarter of 2026, representing a decrease of 66.5% from RMB0.54 billion for the same period of 2025 and a decrease of 78.3% from RMB0.84 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the decrease in receipt of government subsidies.

Fair value (loss) gain on derivative liability relating to the contingent consideration was a gain of RMB0.05 billion (US$0.01 billion) for the first quarter of 2026, compared with a loss of RMB0.12 billion for the same period of 2025 and a gain of RMB0.04 billion for the fourth quarter of 2025. This non-cash (loss) gain resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. ("DiDi")'s smart auto business.

Loss from operations was RMB1.87 billion (US$0.27 billion) for the first quarter of 2026, compared with RMB1.04 billion for the same period of 2025 and RMB0.04 billion for the fourth quarter of 2025.

Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.80 billion for the same period of 2025 and a profit of RMB0.08 billion for the fourth quarter of 2025.

Net loss was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025.

Non-GAAP net loss, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.

Net loss attributable to ordinary shareholders of XPENG was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025.

Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.

Basic and diluted net loss per ADS were both RMB1.87 (US$0.27) for the first quarter of 2026, compared with RMB0.70 basic and diluted net loss per ADS for the first quarter of 2025 and RMB0.40 basic and diluted net profit per ADS for the fourth quarter of 2025.

Non-GAAP basic and diluted net loss per ADS were both RMB1.76 (US$0.26) for the first quarter of 2026, compared with RMB0.45 non-GAAP basic and diluted net loss per ADS for the first quarter of 2025 and RMB0.53 and RMB0.52 non-GAAP basic and diluted net profit per ADS for the fourth quarter of 2025, respectively.

Balance Sheets

As of March 31, 2026, the Company had a cash position of RMB42.09 billion (US$6.10 billion), compared with RMB45.28 billion as of March 31, 2025 and RMB47.66 billion as of December 31, 2025.

Business Outlook

For the second quarter of 2026, the Company expects:

The above outlook is based on the current market conditions and reflects the Company's preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.

Conference Call

The Company's management will host an earnings conference call at 7:00 AM U.S. Eastern Time on May 28, 2026 (7:00 PM Beijing/Hong Kong Time on May 28, 2026).

For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.

Event Title: XPENG First Quarter 2026 Earnings Conference Call

Pre-registration link: https://s1.c-conf.com/diamondpass/10054534-c1s7jl.html

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.xiaopeng.com.

A replay of the conference call will be accessible approximately an hour after the conclusion of the call until June 4, 2026, by dialing the following telephone numbers:

United States:

+1-855-883-1031

International:

+61-7-3107-6325

Hong Kong, China:

800-930-639

Chinese Mainland:

400-120-9216

Replay Access Code:

10054534

About XPENG

XPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Use of Non-GAAP Financial Measures

The Company uses non-GAAP measures, such as non-GAAP (loss) profit from operations, non-GAAP net (loss) profit, non-GAAP net (loss) profit attributable to ordinary shareholders, non-GAAP basic (loss) profit per ordinary share and non-GAAP basic (loss) profit per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company's operating performance, investors should not consider them in isolation, or as a substitute for net (loss) profit or other consolidated statements of comprehensive (loss) profit data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.

For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and non-GAAP Results" set forth in this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.8980 to US$1.00, the exchange rate on March 31, 2026, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For Investor Enquiries

IR Department

XPeng Inc.

E-mail: [email protected]

Jenny Cai

Piacente Financial Communications

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

E-mail: [email protected]

For Media Enquiries

PR Department

XPeng Inc.

E-mail: [email protected]

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

December 31,

March 31,

2025

RMB

2026

RMB

2026

US$

ASSETS

Current assets

Cash and cash equivalents

17,329,612

14,460,430

2,096,322

Restricted cash

6,071,491

5,436,604

788,142

Short-term deposits

11,388,834

9,568,321

1,387,115

Restricted short-term deposits

296,277

1,223,833

177,419

Short-term investments

3,217,293

3,112,654

451,240

Long-term deposits, current portion

3,020,317

3,453,198

500,609

Restricted long-term deposits, current portion

600,472

—

Derivative assets

—

2,203

319

Accounts and notes receivable, net

1,996,917

1,078,429

156,339

Installment payment receivables, net,

current portion

3,553,054

3,213,713

465,891

Inventory

10,380,668

13,291,855

1,926,914

Amounts due from related parties

102,219

119,406

17,310

Prepayments and other current assets, net

5,296,673

5,707,084

827,353

Total current assets

63,253,827

60,667,730

8,794,973

Non-current assets

Long-term deposits

4,263,542

3,354,922

486,362

Restricted long-term deposits

1,468,708

1,476,815

214,093

Property, plant and equipment, net

13,527,237

17,421,250

2,525,551

Right-of-use assets, net

3,730,921

1,187,653

172,174

Intangible assets, net

4,253,168

4,120,041

597,281

Land use rights, net

3,216,526

3,491,040

506,095

Installment payment receivables, net

6,496,020

5,866,931

850,526

Long-term investments

2,523,037

2,817,726

408,484

Other non-current assets

429,644

408,481

59,217

Total non-current assets

39,908,803

40,144,859

5,819,783

Total assets

103,162,630

100,812,589

14,614,756

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(CONTINUED)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

December 31,

March 31,

2025

RMB

2026

RMB

2026

US$

LIABILITIES

Current liabilities

Short-term borrowings

4,282,000

6,764,000

980,574

Accounts payable

18,001,675

13,077,399

1,895,825

Notes payable

19,161,724

17,817,244

2,582,958

Amounts due to related parties

1,064

2,532

367

Income taxes payable

44,682

25,921

3,758

Derivative liabilities

281,009

227,709

33,011

Operating lease liabilities, current portion

445,901

327,703

47,507

Finance lease liabilities, current portion

55,581

84,002

12,178

Deferred revenue, current portion

1,463,065

1,753,105

254,147

Long-term borrowings, current portion

1,837,950

790,251

114,562

Accruals and other liabilities

12,538,698

12,463,653

1,806,850

Total current liabilities

58,113,349

53,333,519

7,731,737

Non-current liabilities

Long-term borrowings

6,588,865

9,004,823

1,305,425

Operating lease liabilities

4,246,599

2,066,919

299,640

Finance lease liabilities

740,576

4,644,769

673,350

Deferred revenue

1,206,014

1,275,748

184,945

Deferred tax liabilities

330,353

47,891

Other non-current liabilities

1,568,284

1,696,838

245,990

Total non-current liabilities

14,680,691

19,019,450

2,757,241

Total liabilities

72,794,040

72,352,969

10,488,978

SHAREHOLDERS' EQUITY

Class A Ordinary shares

105

Class B Ordinary shares

Additional paid-in capital

71,236,011

71,385,560

10,348,733

Statutory and other reserves

137,720

151,302

21,934

Accumulated deficit

(42,767,710)

(44,565,392)

(6,460,625)

Accumulated other comprehensive income

1,762,443

1,488,024

215,718

Total shareholders' equity

30,368,590

28,459,620

4,125,778

Total liabilities and shareholders' equity

103,162,630

100,812,589

14,614,756

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

COMPREHENSIVE PROFIT/(LOSS)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended

March 31,

December 31,

March 31,

2025

RMB

2025

RMB

2026

RMB

2026

US$

Revenues

Vehicle sales

14,369,298

19,072,174

10,999,321

1,594,567

Services and others

1,441,330

3,181,585

2,034,460

294,935

Total revenues

15,810,628

22,253,759

13,033,781

1,889,502

Cost of sales

Vehicle sales

(12,866,303)

(16,583,754)

(9,669,451)

(1,401,776)

Services and others

(484,795)

(928,199)

(681,737)

(98,831)

Total cost of sales

(13,351,098)

(17,511,953)

(10,351,188)

(1,500,607)

Gross profit

2,459,530

4,741,806

2,682,593

388,895

Operating expenses

Research and development expenses

(1,980,724)

(2,874,248)

(2,906,991)

(421,425)

Selling, general and administrative

expenses

(1,946,064)

(2,792,254)

(1,883,438)

(273,041)

Other income, net

544,040

839,694

182,249

26,421

Fair value (loss) gain on derivative

liability relating to the contingent

consideration

(118,229)

40,744

51,113

7,410

Total operating expenses, net

(3,500,977)

(4,786,064)

(4,557,067)

(660,635)

Loss from operations

(1,041,447)

(44,258)

(1,874,474)

(271,740)

Interest income

291,227

262,919

257,166

37,281

Interest expense

(128,935)

(76,485)

(164,994)

(23,919)

Fair value loss on derivative assets or

derivative liabilities

—

(101)

(15)

Investment gain on long-term

investments

79,653

265,364

169,117

24,517

Exchange gain (loss) from foreign

currency transactions

130,448

(12,994)

(148,728)

(21,561)

Other non-operating income (expenses),

net

20,275

22,173

(959)

(139)

(Loss) profit before income tax

expenses and share of results of

equity method investees

(648,779)

416,719

(1,762,973)

(255,576)

Income tax expenses

(7,991)

(22,128)

(9,251)

(1,341)

Share of results of equity method

investees

(7,276)

(11,383)

(11,876)

(1,722)

Net (loss) profit

(664,046)

383,208

(1,784,100)

(258,639)

Net (loss) profit attributable to

ordinary shareholders of XPeng Inc.

(664,046)

383,208

(1,784,100)

(258,639)

XPENG INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

COMPREHENSIVE PROFIT/(LOSS) (CONTINUED)

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended

March 31,

December 31,

March 31,

2025

RMB

2025

RMB

2026

RMB

2026

US$

Net (loss) profit

(664,046)

383,208

(1,784,100)

(258,639)

Other comprehensive loss

Foreign currency translation

adjustment, net of tax

(25,710)

(166,194)

(274,419)

(39,782)

Total comprehensive (loss) profit

attributable to XPeng Inc.

(689,756)

217,014

(2,058,519)

(298,421)

Comprehensive (loss) profit

attributable to ordinary

shareholders of XPeng Inc.

(689,756)

217,014

(2,058,519)

(298,421)

Weighted average number of

ordinary shares used in

computing net (loss) profit per

ordinary share

Basic

1,899,365,591

1,908,651,262

1,910,568,643

Diluted

1,899,365,591

1,934,719,272

1,910,568,643

Net (loss) profit per ordinary share

attributable to ordinary

shareholders

Basic

(0.35)

0.20

(0.93)

(0.14)

Diluted

(0.35)

0.20

(0.93)

(0.14)

Weighted average number of ADS

used in computing net (loss)

profit per share

Basic

949,682,796

954,325,631

955,284,322

Diluted

949,682,796

967,359,636

955,284,322

Net (loss) profit per ADS

attributable to ordinary

shareholders

Basic

(0.70)

0.40

(1.87)

(0.27)

Diluted

(0.70)

0.40

(1.87)

(0.27)

XPENG INC.

UNAUDITED RECONCILIATIONS OF GAAP AND

NON-GAAP RESULTS

(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)

Three Months Ended

March 31,

December 31,

March 31,

2025

RMB

2025

RMB

2026

RMB

2026

US$

Loss from operations

(1,041,447)

(44,258)

(1,874,474)

(271,740)

Fair value loss (gain) on derivative liability

relating to the contingent consideration

118,229

(40,744)

(51,113)

(7,410)

Share-based compensation expenses

120,028

162,629

149,549

21,680

Non-GAAP (loss) profit from operations

(803,190)

77,627

(1,776,038)

(257,470)

Net (loss) profit

(664,046)

383,208

(1,784,100)

(258,639)

Fair value loss (gain) on derivative liability

relating to the contingent consideration

118,229

(40,744)

(51,113)

(7,410)

Share-based compensation expenses

120,028

162,629

149,549

21,680

Non-GAAP net (loss) profit

(425,789)

505,093

(1,685,664)

(244,369)

Net (loss) profit attributable to ordinary

shareholders

(664,046)

383,208

(1,784,100)

(258,639)

Fair value loss (gain) on derivative liability

relating to the contingent consideration

118,229

(40,744)

(51,113)

(7,410)

Share-based compensation expenses

120,028

162,629

149,549

21,680

Non-GAAP net (loss) profit attributable

to ordinary shareholders of XPeng Inc.

(425,789)

505,093

(1,685,664)

(244,369)

Weighted average number of ordinary

shares used in calculating Non-GAAP

net (loss) profit per share

Basic

1,899,365,591

1,908,651,262

1,910,568,643

Diluted

1,899,365,591

1,934,719,272

1,910,568,643

Non-GAAP net (loss) profit per ordinary

Basic

(0.22)

0.26

(0.88)

(0.13)

Diluted

(0.22)

0.26

(0.88)

(0.13)

Weighted average number of ADS used

in calculating Non-GAAP net (loss)

profit per share

Basic

949,682,796

954,325,631

955,284,322

Diluted

949,682,796

967,359,636

955,284,322

Non-GAAP net (loss) profit per ADS

Basic

(0.45)

0.53

(1.76)

(0.26)

Diluted

(0.45)

0.52

(1.76)

(0.26)

SOURCE XPeng Inc.