XPeng Stock (XPEV) Slides After Q3 2025 Earnings: Record Deliveries, Narrower Loss but Soft Q4 Guidance
XPeng reported record Q3 2025 deliveries of 116,007 vehicles, up 149% year-on-year, with revenue doubling to RMB 20.38 billion and gross margin rising to 20.1%. Net loss narrowed to RMB 380 million, the smallest in five years. The company guided Q4 revenue below analyst expectations, citing fierce competition. Shares fell about 3% in pre-market trading.