Xpeng net loss shrank by 80% in 2025, financial report says

Xpeng officially reported that its net loss shrank by 80.3% in 2025, compared to the previous year. At the same time, the company’s revenue surged by 87.7% year-over-year due to the strong sales growth.

On March 20, the Guangzhou-based new energy vehicle maker Xpeng released its operating and financial summary for 2025. The company solidified its position last year with new models. Xpeng delivered 429,445 units globally, up 125.9% Y-O-Y. According to China EV DataTracker, this NEV maker sold 383,873 units domestically, representing a 119.4% increase.

The Xpeng’s total revenue surged by 87.7%, reaching 76.72 billion yuan (11.12 billion USD). The automobile sales revenue was 68.38 billion yuan (9.91 billion USD), representing a 90.8% increase compared to 2024. At the same time, the company’s gross profit margin reached 18.9%, compared to 14.3% in 2024.

Most notably, Xpeng’s net loss shrank by 80.3% to 1.14 billion yuan (170 million USD). For clarity, the company’s net loss was 5.79 billion yuan (840 million USD) in 2024. The non-GAAP net loss was just 460 million yuan (66.6 million USD). This number excludes share-based compensation expenses and fair value losses.

It is worth noting that Xpeng recorded the first-ever net profit in Q4 2025. It reached 380 million yuan (55 million USD), marking a turnaround from a net loss of 1.33 billion yuan (190 million USD) in the same period of 2024. The company’s growth is linked to new car launches, including the Xpeng X9 minivan with an EREV powertrain, the new Xpeng P7 sedan, and the Xpeng G7 crossover. At the same time, the company also has other high-volume models, including the Mona M03 and the P7+. The company also provides some of its tech to Volkswagen.

Despite positive financial results reached in 2025, China EV DataTracker data shows that Xpeng delivered 28,415 units from January to February 2026, down 49.5% Y-O-Y. This drop correlates with the overall drawdown caused by phased-out subsidies for new energy vehicles in China. This year, Xpeng will launch a few more models, including the full-size flagship SUV called the Xpeng GX. It has recently begun mass production in China.