File photo/NBD

On December 2, XPeng Motors' legal department announced that they had noticed former employees, who had already left the company, still using their XPeng Motors identity to conduct paid interviews with some brokerage firms, fabricating a lot of false and incorrect information.

The company sternly stated that all public information of XPeng Motors is released through official channels, and any unauthorized interviews and information releases do not represent the company's position.

The company will take legal action to protect the legitimate rights and interests of the company and investors. They also reminded brokerage firms to verify the identity of the interviewee and whether they are authorized to disclose company information to avoid being misled by false information or being held legally responsible for infringing on the company's trade secrets.

On December 1, various new energy vehicle companies released their delivery data for November 2024.

XPeng Motors reported delivering 30,895 new vehicles in November 2024, a 54% year-over-year increase and a 29% month-over-month increase. This is the first time XPeng Motors' monthly deliveries exceeded 30,000 units, marking a historical high for three consecutive months.

Among them, the XPeng MONA M03 exceeded 10,000 units in deliveries for three consecutive months since its launch; the XPeng P7+ delivered over 7,000 units in just 23 days since its launch.

In the first 11 months of 2024, XPeng Motors cumulatively delivered 153,400 new vehicles, a 26% year-over-year increase.

On November 19, XPeng Motors released its unaudited financial results for the third quarter of 2024. The report showed that in the third quarter of 2024, XPeng Motors' total revenue was 10.1 billion yuan, a 24.5% increase compared to the second quarter of 2024. During the reporting period, XPeng Motors' sales revenue was 8.8 billion yuan, a 12.1% year-over-year increase and a 29.0% month-over-month increase; service and other revenue was 1.31 billion yuan, a 90.7% year-over-year increase and a 1.1% month-over-month increase.

In terms of gross margin, XPeng Motors' gross margin for the third quarter of 2024 was 15.3%, reaching a historical high and up 18 percentage points from the same period in 2023. XPeng Motors' Vice Chairman and Co-President Gu Hongdi stated that the key reasons for the increase in gross margin in the third quarter were the comprehensive realization of cost reduction and significant quarter-over-quarter growth in scale.

Despite exceeding expectations in revenue and gross margin, XPeng Motors continued to experience a loss in the third quarter, with a loss of 1.81 billion yuan, narrowing from a loss of 3.89 billion yuan in the same period last year.